Basic Econometrics            Jan - May 2012         Economics 205

    The lecture links under the "Readings" column are Microsoft PowerPoint presentations.   The best bet is probably to right-click on a link, choose "Save Target As" and download the file to your own computer or disk space. 

    Week

    Date

    Topics

    Readings

    Assignment Due Dates

    UNIT 1: Estimation of and Inference in Simple and Multiple Linear Regressions

    1

     

     

    T Jan 17

    Economic questions and data

    Review of Probability

    SW 1, 2, and 3 including the Appendices PDF

     

    R Jan 19

    Review of Statistics

     
           

     

    2

     

    T Jan 24

    Linear regression with 1 regressor

    SW 4

     GH 1
    ... page 58, 2.10 (a), 2.11 (a), 2.12 (b)
    ... page 60, 2.18
    ... page 61, 2.22, 2.23

    R Jan 26

    Linear regression with 1 regressor

     Krueger & Whitmore (2001), "The Effect of Attending Small Class in Early Grades on College Test-Taking: Evidence from Project STAR," Economic Journal (111, January)

     

    3

    T Jan 31

    Inference in simple regression

    SW 5

    GH 2
    ... page 101, 3.11, 3.12
    ... page 137, 4.3

    R Feb 2

    Multiple regression
    Papers & Problems

    		 SW 6 part 1

     Ziliak & McCloskey(2004), "Size Matters: the standard error of regressions in the American Economic Review," Journal of Socio-Economics (33).                   See P:\economics\eco205\  
     

     

    		  

    4

    		 

    T Feb 7

    Multiple Regression

    SW 6 part 2

    GH 3
    ... page 172, 5.15
    ... page 206, 6.5, 6.6

    R Feb 9

    Multiple regression

    Papers & Problems

    Gelman and Stern (2006), "The Difference between Significant and Not Significant is Not Itself Statistically Significant," American Statistician, 60 (4)

    Fri Feb 10

    Initial Proposal due Friday 4 p.m. via email
    Review #1 handed out on Friday,
    old exam 1's   (coverage may be different!):    #1    #2   #3

    UNIT 2: Functional forms, Panel data, Limited Dependent Variable models

    5

    T Feb 14

    Inference in multiple regression

    SW 7

    R Feb 16

    Functional form
    Papers & Problems

    SW 8 part 1

    Application: Berg Dale & Krueger (QJE, 2002), "Payoff to Attending a More Selective College"                  See P:\economics\eco205\  

    Fri Feb 17

    Review #1 due Friday 4 p.m.

    6

     

    T Feb 21

    Functional form

     

    R Feb 23

    Functional form
    Papers & Problems

    		 SW 8 part 2

    Application: Washington (AER, 2008), "How Daughters Affect Their Legilslator Fathers' Voting"

     

    7

    T Feb 28

    Critical assessment of regressions

    SW 9

    R March 1

    Critical assessment of regressions

     GH 4  
    7.4 (for part (b) (ii), write out H0, H1, and the regression you'd need to estimate using the "transform the regression method". The hint describes a more direct test in this case. Briefly explain this more direct method.,
    7.11, 8.6, 8.9

     

     

    8

     

    T March 6

    no class ... spring break

     

     

    R March 8

    no class ... spring break

     

     
     

     

     

    9

     

    T March 13

    Endogeneity

    R March 15

    Panel data methods

    SW 10 part 1    




       



    UNIT 3: Instrumental Variables and Time Series regression

    10

     

    		 T March 20

    Panel data methods

    SW 10 part 2 

    GH 5: 9.2, 9.4, 9.5

    Application: Acemoglu, et al. (AER, 2008), "Income and Democracy"
    See P:\economics\eco205\ space for articles    .

    R March 22

    Panel data methods

      


     



     

    11

     

    T March 27

    Binary dependent variables:

    LPM, Logit and probit models

    SW 11

    		 Application: Arcidiacono & Vigdor (Economic Inquiry, 2010), "Does the River Spill Over? Estimating the Economic Returns to Attending a Racially Diverse College."

    Application: Cattaneo, et al, (American Economic Journal: Economic Policy, 2009), "Housing, Health, and Happiness."
    See P:\economics\eco205\ space for articles.

    R March 29

    Binary dependent variables:

    LPM, Logit and probit models

    GH 6: 10.1, 10.4, 10.5, 10.7

    Fri March 30

     

    Unit 2 handed out

    old exam 2's      #1  vote1   attend    #2   #3    seatbelts pdf
    Please note that coverage in other semesters may not match up exactly to this semester!!

    12

     

    T April 3

    Binary dependent variables:

    LPM, Logit and probit models

    		  

    R April 5

    IV estimation

    		  

    Fri April 6

     

    Review #2 due in Chambers 3140 by 4:30 p.m.

     

    13

     

    T April 10

    no class ... Easter break

     

    R April 12

    IV estimation

    SW 12 part1   PDF

    		Angrist and Krueger (2001), “Instrumental Variables and the Search for Identification,” JEP, Fall
    See P:\economics\eco205\ space for articles.

     

     

    14

     

    T April 17

    IV estimation

    SW 12 part2    PDF

    		 GH 7: 11.1, 11.3, 11.4, 11.8

    R April 19

    IV estimation

    SW 12 part3    PDF

    Application: Hoxby (AER, 2000), "Does Competition Among Public Schools Benefit Studentsand Taxpayers?"
    Rothstein (AER, 2007) "Comment on Hoxby (2000)"

    Application: Angrist and Evans (AER, 1998), "Children and Their Parents' Labor Supply: Evidence from Exogenous Variation in Family Size
    See P:\economics\eco205\ space for articles.

    		 

     

    UNIT 4: Quantile regression, Nonparametric estimation, Monte carlo and bootstrap

    15

     

     

    T April 24

    Stationarity, Trends, Structural breaks

    SW 14 part1    PDF

    R April 26

    Stationarity, Trends, Structural breaks

    SW 14 part2    PDF

    GH 8: 12.1, 12.4, 12.5, 12.9
    Application    : Berger and Spoerer (J Econ History, 2001), "Economic Crises and the European Revolutions of 1848"
    See P:\economics\eco205\ space for articles.

     

     

    16

     

    T May 1

     

    R May 3

    Oral Presentations

     

    Oral Presentations

     

     

     

    T May 8

    Oral Presentations

      R May 10 Reading day   Regression Analysis Paper due 4:00 p.m.
      Fri May 11    

    Units 3 & 4 Review handed out
    old exam 3's      #1   #2   college2   bweight      
    Please note that coverage in other semesters may not match up exactly to this semester!!
      W May 16 Last day of exams   Review #3 due, 5:15 p.m.