JEM062 - Introductory Econometrics

Credit: 6
Status: English
Masters - all
MEF - elective
Semester - winter
Course supervisors: PhDr. Jiří Kukačka Ph.D.
Course homepage: JEM062
Literature: Core textbooks (selected chapters):
Studenmund, A. H. (2016). Using Econometrics: A Practical Guide. Pearson Education, 7th Edition, pdf
(e-book 7th Global Ed. from 2017 or 6th International Ed. from 2014 also possible).

Wooldridge, J. M. (2016). Introductory Econometrics: A Modern Approach. Cengage, 6th Edition, pdf
(5th Ed. from 2012 or 7th Ed. from 2018 also possible).
Description: The course is primarily intended for students of the MEF and IEPS programs and for students of exchange programs (Erasmus+). It is not intended for students of the local Master program.

The objective of the course is to revise and systematize students' econometrics knowledge. First, we will recapitulate the essentials of statistics and afterwards, we will mainly focus on the practical applications of econometric techniques. For most of the semester we will be discussing the linear regression model and its Ordinary Least Squares (OLS) estimation, a simple, yet very powerful method in every economist’s toolbox. During the course we will together go through the basics of econometrics: from the statistical background through the theory and intuition behind the OLS estimation; properties of OLS; hypotheses testing; the linear regression model assumptions, their potential violations, and proper remedies; to some advanced topics such as the issue of endogeneity. For a good understanding of the limitations of the regression analysis, the issue of causality will be repeatedly discussed. Each topic will be backed up with an applied example and practised during seminars.

Partners

Deloitte
McKinsey & Company
Moneta Money Bank

Sponsors

CRIF
ČSOB