الاقتصاد القياسي
# | Course Name | Credit Hrs | Prerequisite |
---|---|---|---|
ECON 625 | Econometrics | 3 | None |
Brief Description
The aim of this course is to introduce economic concepts and methods of analysis, to enable students to understand and use economic arguments in business decision-making. This course provides students with the tools to use economic principles in decision-making, and an understanding of the broader economic environment in which business decision must be made.
Course Objectives
After completing this course, the student will be able to:
- Explain econometrics and describe the econometric methodology
- Explain the steps involved in empirical research or econometric research;
- Describe the simple and multiple classical regression models
- Identify the underlying Stochastic and Non-Stochastic assumptions
- Apply ordinary least squire method (simple and multiple regression) and inference procedure
- Discuss the conventional econometrics problems of violation of the above mentioned assumptions
- Apply appropriate methods to remedy the conventional econometric problems;
- Analyze the empirical investigations into accounting and finance issues;
- Estimate the quantitative and qualitative models
Course Topics
- Introduction to econometrics
- Simple & multiple linear regression models and assumptions
- Estimation of simple regression model and hypothesis testing
- Estimation of multiple regression model and hypothesis testing
- Relaxing assumptions and diagnostic testing
- Non-normality, consequences and testing for normality
- Multicollinearity, practical consequences and testing
- Heteroskedasticity, consequences, tests and remedies
- Autocorrelation, consequences, tests and remedies
- Simultaneous equation models and estimation
- Model misspecification and tests
- Dynamic models with lagged dependent variables
- Panel data models
- Limited dependent variable models
Text Book
Gujarati, D.N. (2004), “Basic Econometrics”, 4th Edition, New York, USA: McGraw-Hill.
Additional References
• Wooldridge, J.M. (2012), “Introductory Econometrics: A Modern Approach”, 5th Edition, Mason, USA: CENGAGE Learning Custom Publishing.
• Brooks, C. (2008), “Introductory Econometrics for Finance”, 2nd Edition, Cambridge, UK: Cambridge University Press.
• G. S. Maddala (1992) Introduction to Econometrics, New York, USA: Macmillan Publishing Company.