The course endows the students with the tools to analyze microeconomic data. The emphasis is placed on the econometric models as well as on their use for applications in economics, finance and banking. Lab sessions are used to familiarize the students with the mostly used statistical/econometric packages. While no prior knowledge of econometrics is required, the course assumes that students are acquainted with the most basic notions of statistics.
Content of the course
Cross-section data: Linear model. Models for dichotomous, polychotomous, censored, truncated and duration dependent variables. Longitudinal data: linear model.
Franses P.H. and R. Paap, Quantitative Models in Marketing Research, Cambridge University Press, 2001.
Verbeek M., A Guide to Modern Econometrics, 4th Edition, John Wiley and Sons, 2012.
Wooldridge J. M., Econometric Analysis of Cross Section and Panel Data, 2nd Edition, 2010, The MIT press.