Advanced Sequence: Econometric Theory

4 units · Undergraduate upper division (100-199)

Lecture, three hours; discussion, one hour. Enforced requisites: courses 103, 103L. Enforced corequisite: course 109DL. Advanced study covering econometric tools used to analyze economic models and make predictions. Focus on understanding what econometric models and methods may or may not be used in specific situations, emphasizing theoretical properties of the methods. Review of probability and statistics concepts. Covers theoretical tools needed to evaluate different estimation techniques. Detailed study of linear least squares, method of moments, and maximum likelihood estimators. Includes models with heteroskedasticity, serial correlation, endogeneity, and limited dependent variables. Covers methods for cross-section, time-series, and panel data. Letter grading.