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| Semester | spring semester 2019 |
| Course frequency | Every spring sem. |
| Lecturers | Christian Kleiber (christian.kleiber@unibas.ch, Assessor) |
| Content | Introductory econometrics courses mainly cover the linear regression model, which is suitable for modelling response variables that may be considered as continuous. However, there are many practical situations where data are naturally discrete, e.g. binary or count data. The course will cover the classical nonlinear regression models for such data. It will use the framework of generalized linear models (GLMs), which provides a unified approach to models such as logit, probit and Poisson regression. Inference will be likelihood based. In addition, there will be an introduction to the recent literature on statistical learning (aka machine learning), specifically to the notion of regularisation, with LASSO as the main example. If time permits there will also be a chapter on finite mixture models. Empirical illustrations may include data from labor economics, health economics, or marketing, among further sources. The course will make use of the R language for statistical computing and graphics, hence basic knowledge of this software (including data import, running regressions) is expected. All course materials are on OLAT. NB. (1) In order to make room for further (regression) models, there will at most be a brief review of likelihood methods. Participants are expected to be familiar with these methods at the level of the compulsory MSc level Econometrics course. (2) The course was formerly offered under the title Microeconometrics I. Many topics from that course will still be covered, however, there will be new topics from statistical learning. In order to make room for these, multinomial response models will no longer be covered. They will be included in a restructured course offered by K. Schmidheiny that was formerly called Microeconometrics II. |
| Bibliography | Literature: Cameron AC, Trivedi PK (2005). Microeconometrics, Cambridge Univ. Press. Fahrmeir, L, Kneib T, Lang S, Marx B (2013). Regression -- Models, Methods and Applications, Springer. [available in electronic form via the university library!] James G, Witten D, Hastie T, Tibshirani R (2013). An Introduction to Statistical Learning. New York: Springer. [available in electronic form via the university library!] Winkelmann R, Boes S (2009). Analysis of Microdata, 2nd ed, Springer. |
| Weblink | Weblink |
| Admission requirements | Prerequisites: Completed bachelor's degree (for students majoring in Business and Economics) Introduction to Econometrics (for students from other departments: regression basics) Econometrics [MSc] (for students from other departments: a second course in statistics, notably likelihood methods) |
| Course application | 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! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Module: Core Competences in Economics (Master's Studies: Sustainable Development) Module: Non-Life Insurance (Master's Studies: Actuarial Science) Module: Statistics and Computational Science (Master's Studies: Actuarial Science) Specialization Module: Areas of Specialization in International and/or Monetary Economics (Master's Studies: International and Monetary Economics) Specialization Module: Marketing and Strategic Management (Master's Studies: Business and Economics) Specialization Module: Quantitative Methods (Master's Studies: Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | Notes for the Assessment: Written exam (date and duration TBA). Participants may bring (1) a dictionary, (2) a calculator (subject to the usual constraints), two DIN A4 pages (not 2 x 2!) of their own, HANDWRITTEN notes. In addition, there will be at least two assignments, for which students may work in groups of two. Each assignment will account for 10% of the final grade. written exam: 18.06.19; 18.06.19, 16:30-18:00; HS 102: A-Z. Die Adressen der Prüfungsräume finden Sie hier: https://wwz.unibas.ch/de/studium/pruefungen/vorlesungs-und-pruefungsraeume/ . Bitte kontrollieren Sie die Raumzuteilung kurz vor den Prüfungen noch einmal! |
| 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 |