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12036-01 - Vorlesung: Econometrics 6 KP

Semester Herbstsemester 2020
Angebotsmuster Jedes Herbstsemester
Dozierende Marius Faber (marius.faber@unibas.ch)
Kurt Schmidheiny (kurt.schmidheiny@unibas.ch, BeurteilerIn)
Inhalt Outline:
1. Causal effects and the logic of randomized experiments
2. Linear regression: Estimation, small and large sample properties, hypothesis testing, omitted variable bias, model selection, functional form, heteroscedasticity, autocorrelation, clustering
3. Instrumental variable estimation: Estimation, identification, weak instruments
4. Panel data: fixed effects, random effects
5. Maximum likelihood estimation
6. Binary choice: probit and logit
Lernziele This course provides students with the basic econometric tools for cross-section and panel data. It is an applied course preparing students to both conduct own empirical research projects and assess empirical research papers. Each of the discussed tools will be implemented using standard statistical software (Stata or R) and real world data. Students will learn how to choose the adequate statistical method, discuss its identifying assumptions, correctly interpret its results and to translate them into economically meaningful answers. This course is supplemented by the course “Fundamentals of Econometric Theory” (41957) which provides formal proofs and additional results.
Literatur Any textbook in econometrics covers the topics developed in this course. The technical level of this course will be closer to the introductory text- books. However, students with a strong mathematical background may find the advanced textbook more appropriate. The two companions are not self-contained textbooks but useful to deepen the intuitive understanding.
Introductory textbook:
- Stock, James H. and Mark W. Watson (2020), Introduction to Econometrics, 4th Global Edition, Pearson.
Advanced textbooks:
- Cameron, A. Colin and Pravin K. Trivedi (2005), Microeconometrics: Methods and Applications, Cambridge University Press.
- Davidson, Russell and James G. MacKinnon (2004), Econometric Theory and Methods, Oxford University Press.
- Hayashi, Fumio (2000), Econometrics, Princeton University Press.
- Wooldridge, Jeffrey M. (2002), Econometric Analysis of Cross Section and Panel Data, MIT Press.
Companion textbooks:
- Angrist, Joshua D. and Jorn-Steffen Pischke (2009), Mostly Harmless Econometrics: An Empiricist's Companion, Princeton University Press.
- Kennedy, Peter (2008), A Guide to Econometrics, 6th ed., Blackwell Publishing.
Bemerkungen This course will be taught in a hybrid format in Fall 2020. Students can attend the class either virtually via Zoom or physically in the classroom. In order to sign up for physical attendance, you need to be registered for the course on MOnA. Details will be sent to registered students shortly before the first class. Seats will assigned on a first-come-first-served basis.

Students who plan to take other courses in econometrics (Microeconometrics I and II, Time Series Analysis I and II) should follow the course "Fundamentals of Econometric Theory" (41957) along with "Econometrics" (12036).
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Teilnahmebedingungen Prerequisites:
Completed BA in Business and Economics and basic knowledge in statistics, particularly the linear regression model
Anmeldung zur Lehrveranstaltung Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam!
Unterrichtssprache Englisch
Einsatz digitaler Medien Online-Angebot obligatorisch

 

Intervall wöchentlich
Datum 16.09.2020 – 09.12.2020
Zeit Montag, 10.15-12.00 - Online Präsenz -
Mittwoch, 10.15-12.00 - Online Präsenz -

The course will be taught on site in the classroom with a simultaneous online live-stream.

Datum Zeit Raum
Mittwoch 16.09.2020 10.15-12.00 Uhr Kollegienhaus, Aula 033
Montag 21.09.2020 10.15-12.00 Uhr Bernoullianum, Grosser Hörsaal 148
Mittwoch 23.09.2020 10.15-12.00 Uhr Kollegienhaus, Aula 033
Montag 28.09.2020 10.15-12.00 Uhr Bernoullianum, Grosser Hörsaal 148
Mittwoch 30.09.2020 10.15-12.00 Uhr Kollegienhaus, Aula 033
Montag 05.10.2020 10.15-12.00 Uhr Bernoullianum, Grosser Hörsaal 148
Mittwoch 07.10.2020 10.15-12.00 Uhr Kollegienhaus, Aula 033
Montag 12.10.2020 10.15-12.00 Uhr Bernoullianum, Grosser Hörsaal 148
Mittwoch 14.10.2020 10.15-12.00 Uhr FINDET ONLINE STATT, --
Montag 19.10.2020 10.15-12.00 Uhr Bernoullianum, Grosser Hörsaal 148
Mittwoch 21.10.2020 10.15-12.00 Uhr Kollegienhaus, Aula 033
Montag 26.10.2020 10.15-12.00 Uhr Bernoullianum, Grosser Hörsaal 148
Mittwoch 28.10.2020 10.15-12.00 Uhr Kollegienhaus, Aula 033
Montag 02.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Mittwoch 04.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Montag 09.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Mittwoch 11.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Montag 16.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Mittwoch 18.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Montag 23.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Mittwoch 25.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Montag 30.11.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Mittwoch 02.12.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Montag 07.12.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Mittwoch 09.12.2020 10.15-12.00 Uhr - Online Präsenz -, Online class with Zoom (Access data on ADAM)
Module Grundlagenmodul: Advanced Topics in Economics (Masterstudium: International and Monetary Economics) (Pflicht)
Kernmodul: VWL (Masterstudium: Wirtschaftswissenschaften) (Pflicht)
Modul: Kernbereich Wirtschaftswissenschaften (Masterstudium: Sustainable Development)
Modul: Methoden der Wirtschaftswissenschaften (Masterstudium: European Global Studies)
Modul: Vorbereitung Masterarbeit Wirtschaftswissenschaften (Masterstudium: Sustainable Development)
Leistungsüberprüfung Semesterendprüfung
Hinweise zur Leistungsüberprüfung There will be a final exam and eight online tests. The online tests will be graded on a pass / fail basis. You must pass at least five out of the eight online tests in order to be allowed to the final exam. If you do not fulfill this requirement, you will be excluded from the final exam and deregistered from the course in MONA. The grade will solely be determined by the final exam.
written exam: 18.01.21; 09:30-11:00. In case COVID-19 protective measures prevent examination on site, the faculty reserves the right to conduct the examination electronically during the same time slot.
The exam rooms will be published up to 05.12.20.

An-/Abmeldung zur Leistungsüberprüfung Belegen via MOnA innerhalb der Belegfrist
Wiederholungsprüfung keine Wiederholungsprüfung
Skala 1-6 0,1
Wiederholtes Belegen beliebig wiederholbar
Zuständige Fakultät Wirtschaftswissenschaftliche Fakultät / WWZ, studiendekanat-wwz@unibas.ch
Anbietende Organisationseinheit Wirtschaftswissenschaftliche Fakultät / WWZ

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