Advanced Econometrics 4 (Microeconometrics, 5 cr)

Code:
ECON-L4400
Field:
Econometrics
Targets:
Research Master's students PhD students
Organiser:
Aalto University
Instructor:
Ciprian Domnisoru
Period:
Period 4
Format:
Lecture
Method:
Contact teaching
Venue:
Economicum
Enrollment:

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Hanken and UH economics students can enroll in their home university’s SISU! Further instructions can be found on the How to enroll? page, also for other students.

Before taking and completing the course make sure that the credits can be counted towards your degree at your home university by checking which courses are included in your curriculum or by contacting your home university’s student/learning services.

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This course covers a number of central models and methods employed in modern microeconometric research. The emphasis is on different types of dependent varia-bles and data structures (cross section and panel data). The connection between economic theory and empirical methods is emphasized. Specifically, the topics covered in the course include:
1. Discrete choice models
2. Tobit models
3. Sample selection models
4. Survival / duration analysis
5. The bounds approach
6. Panel data estimators
7. Calculation of standard errors

After the course, the student should know the basic properties and limitations of the microeconometric models discussed, and be able to implement them in empirical research. The student also appreciates the connections between economic theory and empirical methods. The course also works as a foundation for more advanced methodological and applied courses in microeconometrics.