ECON 6002
Econometrics I
Memorial University of Newfoundland
Lecture 0-Organization session
Lecture 0
slide 1
INTRODUCTION
The prof
The students
The material
The textbooks
The aids
The way to do it right!
The grading
Lecture 0
slide 2
The Prof
Rober Martinez-Espineira
“Rober”
email: rmartinezesp@mun.ca
AA 3087
E-mail only from your MUN account!!!
Lecture 0
slide 3
The Prof
Office hours (posted on-line and on my
office door):
MON 12-1
TUE 2:30-3:30
WED 12-1
THU 2:30-3:30
Lecture 0
slide 4
The students
Names?
Why are you here?
What are you going to do next?
Who took any Stats or Math Econ?
When did you take Econometrics last?
Where?
Lecture 0
slide 5
The objectives
• To enhance your analytical and intellectual skills
through the study of Econometrics
• To strengthen the knowledge of Econometrics
you gained in previous Econometrics modules
• To develop your capacity for self-motivated
learning and problem solving through the
application of theoretical approaches to .real
world-like problems
• To equip you for further study in Economics
and/or employment in related fields
Lecture 0
slide 6
The objectives
understand the theory of econometric estimation
and inference at a level enough to support
practical empirical research at the masters level
apply empirical econometric techniques, interpret,
and present the resulting econometric output
obtained using computer software on real data
design and implement your own econometric
study (in coordination with the Seminar)
interpret the results of applying econometric
models in the technical literature
Lecture 0
slide 7
The textbooks
Main texts:
Greene,W.H. Econometric Analysis, Sixth
Edition, Pearson/Prentice Hall, 2008
Kennedy, P. A Guide to Econometrics, Sixth
Edition John Wiley & Sons, 2008
Lecture 0
slide 8
The textbooks
Other books you may want to consult:
Baum, C. An Introduction to Modern Econometrics Using
Stata, Stata Press 2006
Jeffrey M. Wooldridge Introductory Econometrics: A
Modern Approach, 4th Edition, South-Western, 2009
Lecture 0
slide 9
The textbooks
Other books you may want to consult:
Stock, J.H and M. W. Watson Introduction to Econometrics,
2nd ed. Addison-Wesley, 2006
Hill, R. Carter, Griffths, William E. and Lim, Guay C.
Principles of Econometrics 3rd ed. John Wiley & Sons,
2008
Lecture 0
slide 10
The textbooks
More advanced and specialized books
Long, S. and J. Freese Regression Models for Categorical
Dependent Variables Using Stata, 2nd Edition Stata
Press, 2006
Badi H. Baltagi Econometric Analysis of Panel Data, 4th
Edition, Wiley, 2008
Woodridge, J. Econometric Analysis of Cross Section and
Panel Data MIT Press, 2002
Lecture 0
slide 11
The textbooks
More advanced and specialized books
James W. Hardin, Joseph M. Hilbe Generalized Linear
Models and Extensions, 2nd Edition Stata Press, 2006
A. Colin Cameron, Pravin K. Trivedi Regression Analysis
of Count Data Cambridge University Press, 1998
Lecture 0
slide 12
The textbooks
More advanced and specialized books
John P. Hoffmann Generalized Linear Models: An Applied
Approach Pearson, 2004
Cheng Hsiao Analysis of Panel Data, 2nd Edition
Cambridge University Press, 2003
Lecture 0
slide 13
The textbooks
Most of these books should be available
through the library
Lecture 0
slide 14
The aids
• course outline and online course
schedule
• PowerPoint presentations online
• Home assignments
Lecture 0
slide 15
The aids
Check your e-mails and website frequently
We will be working little by little but
continuously
There will be frequent assignments
Lecture 0
slide 16
The aids
We will use STATA 11 to work with
empirical data
It will be available through your LABNET
accounts
Make sure you get one!
Lecture 0
slide 17
The aids
We will use STATA to demonstrate
procedures in class
We will reproduce examples in the book and
some additional ones
There will be practical assignments for you
Lecture 0
slide 18
The way to get it right
• Reading the chapters before coming to class
• Taking useful notes in class or annotating over
the printouts from my website
• Going back to the book and the exercises after
the class
• Coming to see me to solve doubts
• Doing the home assignments
Lecture 0
slide 19
The way to get it right
• There is no way to pass this on swoting
• Trying to catch up on the last two weeks is
not going to work
• The way to understanding the material is
by doing the stuff as we learn it
• Ask me if you need help!
Lecture 0
slide 20
The way to get it right
Brush up your Math!
We will not be using a lot of Math, but a little
reviewing will help!
We will start with a review of some basic Math
Use the Math appendices in the books too
Lecture 0
slide 21
The grading system
Final exam (20%)
Two quizzes (20%): Your worst quiz will be
5% and the best quiz will be 15%
Home assignments (30%)
Project+presentation (30%) 15 minutes
presentation during last week of classes.
Proposal to be submitted during Wk 4
Lecture 0
slide 22
The grading system
Final exam (20%)
Two quizzes (20%): Your worst quiz will be
5% and the best quiz will be 15%
If you miss a quiz the weight will be
reallocated to the final exam: there will be
no rescheduling
Lecture 0
slide 23
The grading system
If you miss a quiz the weight will be
reallocated to the final exam: there will be
no rescheduling
This does not mean that you can simply skip
it: coming to class and completing your
assignments is compulsory!!!
See the “doctor notes policy”
Lecture 0
slide 24
Questions?
Any questions?
Any suggestions?
Any complaints?
Lecture 0
slide 25
NEXT
Mathematical and Statistical Reviews (see
relevant Appendices in Greene and/or
Kennedy)
Review of what Econometrics is all about
Look also at Ch. 1 in Hill et al. 2008 and/or
Kennedy 2008
Lecture 0
slide 26