Back
| Semester | fall semester 2022 |
| Course frequency | Every fall sem. |
| Lecturers |
Andrea Ghisletta (andrea.ghisletta@unibas.ch)
Kurt Schmidheiny (kurt.schmidheiny@unibas.ch, Assessor) |
| Content | 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 |
| Learning objectives | 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. |
| Bibliography | 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. |
| Comments | Students who plan to take other courses in econometrics (Microeconometrics I and II, Time Series Analysis I and II) should also follow the course "Advanced Econometrics" (41957) along with "Econometrics" (12036). Students studying under the expiring study regulation will be admitted to the exam, even if the system should give the feedback that this is no longer possible. |
| Weblink | Further Information |
| Admission requirements | Prerequisites: Completed BA in Business and Economics and basic knowledge in statistics, particularly the linear regression model |
| Course application | Registration: Please enrol in the Online Services before the course starts. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. In order to get access to ADAM in time, it is best to enrol before the course starts though. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Monday | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| wöchentlich | Wednesday | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Comments | There will be no more lecture after Wednesday, December 7, 2022. |
| Date | Time | Room |
|---|---|---|
| Wednesday 21.09.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 26.09.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 28.09.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 03.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 05.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 10.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 12.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 17.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 19.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 24.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 26.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 31.10.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 02.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 07.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 09.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 09.11.2022 | 12.15-14.00 | Biozentrum, Hörsaal U1.141 |
| Monday 14.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 16.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 21.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 23.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 28.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 30.11.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Monday 05.12.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 07.12.2022 | 10.15-12.00 | Biozentrum, Hörsaal U1.131 |
| Wednesday 07.12.2022 | 12.15-14.00 | Biozentrum, Hörsaal U1.141 |
| Modules |
Basic Module: Advanced Topics in Economics (Master's Studies: International and Monetary Economics) (Pflicht) Core Module: Economics (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) (Pflicht) Modul: Methoden der Wirtschaftswissenschaften (Master's Studies: European Global Studies) Module: Core Competences in Economics (Master's Studies: Sustainable Development) Module: Field Electives in Finance and Money (Master's Studies: Finance and Money) Module: Fundamentals in Business and Economics (Master's Studies: Business and Economics) Module: Fundamentals in Business and Technology (Master's Studies: Business and Technology) Module: Fundamentals in Economics (Master's Studies: Economics and Public Policy) Module: Preparation Master's Thesis in Economics (Master's Studies: Sustainable Development) |
| Assessment format | main lecture exam |
| Assessment details | 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: 06.01.23; 13:00-14:40. DSBG Sporthalle: A-Z. For this exam you will still receive additional information by email. You would have to be on site at least 30 minutes before the exam starts. The addresses of the examination rooms can be found here: https://wwz.unibas.ch/de/studium/pruefungen/vorlesungs-und-pruefungsraeume/ The repeat exam will be held on 06.02.23; 12:30-14:10. You will receive the rooms for the repeat exam by mail. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | one repetition, best attempt counts |
| Scale | 1-6 0,1 |
| Repeated registration | one repetition |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |