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| Semester | fall semester 2016 |
| Course frequency | Every fall sem. |
| Lecturers | Kurt Schmidheiny (kurt.schmidheiny@unibas.ch, Assessor) |
| Content | 1. Elements of matrix algebra: basic operations, trace, rank, inverse, eigenvalue and spectral decomposition 2. Elements of probability theory: random variables, joint, conditional and marginal distribution, expected value and other moments, change of variables 3. Elements of statistics: point estimation, interval estimation, hypothesis testing, large sample theory 4. The algebra of the multivariate linear regression: degrees of freedom, Gauss-Markov theorem, Frisch-Waugh-Lovell theorem 5. The algebra of instrumental variable estimation 6. The algebra of basic panel data methods: within and between transformation, testing for unrelated effects under non-spherical disturbances 7. Maximum Likelihood Estimation 8. Binary choice as an example of deriving estimators and their properties using maximum likelihood |
| Learning objectives | This course is a supplement to the course “Econometrics” (12036) for ambitious students. The course follows the topics of Econometrics every week providing formal proofs and additional results using matrix algebra and asymptotic theory. The course is the basis for the more advanced MSc courses in econometrics (Microeconometrics I and II, Time Series Analysis I and II). |
| Bibliography | - Amemiya, Takeshi (1994), Introduction to Statistics and Econometrics, Harvard University Press. - 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. |
| Weblink | Weblink |
| Course application | Course registration: please enrol in MOnA; Eucor students enrol at the Students Services at Petersplatz 1 within the registration deadline. Registration = Admission to the exam |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Spezialisierungsmodul: Areas of Specialization in International and/or Monetary Economics (Master International and Monetary Economics) Vertiefungsmodul Quantitative Methods (Master Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | written exam: 19.01.17; 12:15-13:45. WWZ S15: A-Z. You can still withdraw from the examination by submitting a completed, signed form to our office from 18.10.16 until 28.10.16 / 12:00 o’clock. Withdrawals sent by email will not be accepted. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 17.10.16, please only use MONA for withdrawing. The exam rooms will be published up to 09.12.16. |
| Assessment registration/deregistration | Registration: course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |