TEXTBOOKS

Required:

•  Introductory Econometrics: A Modern Approach (3rd edition), by Jeffrey Wooldridge, Thomson Southwestern, 2006.

•  R in Econometrics, by Grant V. Farnsworth, available at: http://cran.r-project.org/doc/contrib/Farnsworth-EconometricsInR.pdf

 Optional:

•  A Guide to Econometrics (6th edition), by Peter Kennedy, MIT Press, 2008.

   (Great book for supplementary reading, providing greater intuitions)

•  Introduction to Econometrics (2nd edition), by James Stock and Mark Watson, Prentice Hall, 2007.

     (Covers almost same materials as Wooldridge, but at more introductory level)

•  Introductory Econometrics with Applications (5th edition), by Ramu Ramanathan, South-Western, 2002.

   (Covers almost same materials as Wooldridge, but at more introductory level)

•  Regression Models for Categorical and Limited Dependent Variables, by J. Scott Long, SAGE Publications, 1997.

   (Provides technical but intuitive discussions for the limited dependent variable models)

PREREQUISITES

   This course is designed for students with basic microeconomics, basic statistics, and calculus. Students should be familiar with contents in Appendices A to C of Wooldridge (required textbook, see below). If you would like to refresh your memory of microeconomics, Microeconomics by Pindyck and Rubinfeld (6th edition, published in 2004) is a good reference. No prior knowledge of R is required.

LAB SESSIONS AND ECONOMETRIC SOFTWARE

   An important component of this course is exercise of data analysis using the model introduced in this course and real-world data. To this end, a total of 6 lab sessions (every Sunday afternoon) will be offered to learn econometric programming skills using different models and data.

    R will be used through our lab sessions. R is an integrated statistical package with a full data management system and comprehensive econometric and graphical functions. It is powerful, fully funcitional, and FREE.

   Prior to the first lab session, be sure to install R into your laptop. If you do not have a laptop computer, ask your supervisor if you borrow the one. R is available at the following website:

http://www.r-project.org/

   Installation of R is not different from installing other software. If you are not familiar with installation process, contact our TA for her assistance.

    The code and data files are distributed through my website a day beofre the session (at the latest). Be sure to download the files onto your computer before the session.

GRADING

   Grading is based only on the final exam, which is scheduled to be on February 6, 2-3PM.

• Midterm2007 (PDF)
  
• Sample Answers (PDF)
• Final2007 (PDF)
• Sample Answers (PDF)

• PS 1 (PDF)
• Sample Answers (PDF)
• PS 2 (PDF)
• Sample Answers (PDF)
• PS 3 (PDF)
• Sample Answers (PDF)
• PS 4 (PDF)
• Sample Answers (PDF)
• PS 5 (PDF)
• Sample Answers (PDF)