Advanced Econometrics

Description

This course aims at a thorough theoretical and practical understanding of the core econometric methods used in contemporaneous empirical economic research. The emphasis is on a sound understanding of the statistical properties of the methods (e.g., unbiasedness, consistency, efficiency) and a critical evaluation of their underlying assumptions. After following this course, students should be able to judge whether a certain method is appropriate in a given data application and for a given economic research question; evaluate its advantages and potential pitfalls, and compare them with alternative methods; correctly interpret and critically evaluate the empirical results. ERS learning outcome: Analyze data in an ethical and responsible manner.