Topics include probability theory, distributions, sampling, parametric interval and point estimation, statistical hypothesis testing, and nonparametric tests. Specification, estimation and testing of econometric models, emphasis on linear simultaneous equations models, and limited dependent-variable models are covered. Discrete Choice Econometrics. Specification, estimation, and testing of discrete choice models, with emphasis on cross-section application. Qualitative choice, limited dependent variables, sample selection bias, and latent variables.
Students use computer packages to apply models to real data.
ECON224A Time Series Econometrics. Econometric analysis of time series data. Moving average and autoregressive series, regression analysis, Box-Jenkins techniques, computational methods, and causality conditions. Analysis of the structure and economic performance of markets, and the impact of public policy and their efficiency and equity. Effects of information structure.