Project-based. Emphasizes problems in specifying and estimating econometric models, methods available for detecting and handling these problems, and economic applications. Extensive use of matrix algebra.
The purpose of the course is to help students learn to use econometric methods in empirical economic research. It focuses exclusively on econometric models and methods designed for analysis of cross-sectional data. It emphasizes problems that arise in actually conducting applied econometric research on cross-sectional data, and modern methods and practices for dealing with these problems. Empirical examples -- some drawn from recent literature in applied econometrics -- are presented to illustrate the application of all econometric methods covered in the course.