Topics in Applied Econometrics
In this course, you will discover models and approaches that are designed to deal with challenges raised by the empirical econometric modelling and particular types of data. You will:– Explore the motivations of each approach by means of graphs, preliminary statistics and presentation of economic theories
– Discuss the problem of identification of the parameters, and how to address this problem by modelling simultaneous equations and causality in economics.
– Examine the key features of panel data, and highlight the advantages and disadvantages of working with panel data rather than other structures of data.
– Learn how to choose what econometric specification to adopt by introducing the test for poolability and the Hausman tests.
– Discuss models for probability that are used where the variable under investigation is qualitative, and needs to be treated with a different approach.
– Learn how to apply this approach to building an Early Warning system to forecast systemic banking crises using data from the World Bank.
It is recommended that you have completed and understood the previous two courses in this Specialisation: The Classical Linear Regression Model and Hypothesis Testing in Econometrics.
By the end of this course, you will be able to:
– Respond appropriately to issues raised by some feature of the data
– Resolve address problems raised by identification and causality
– Resolve problems raised by simultaneous equation and instrumental variables models
– Resolve problems raised by longitudinal data
– Resolve problems raised by probability models
– Manipulate and plot the different types of data.
Management of issues raised by identification
How to select the appropriate model according to the type of data
Interpretation of the different models
Syllabus
Syllabus - What you will learn from this course
Week 1
Random Regressors
Week 2
Panel Data Models: The Basics
Week 3
Further Analysis of Panel Data Models
Week 4
Probability Models
FAQ
When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
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