ECONOMETRIC METHODS
Economics 6160
Class Time: TT 4:35-5:55
Classroom: IC 207
Fall 2002
EMAIL: haizheng.li@econ.gatech.edu
Professor: Haizheng Li
Office: Room 206, Habersham Bldg.
Phone: (404) 894-3542
Office Hours: TT 3:00-4:30
Or by appointment
WWW: http://www.prism.gatech.edu/%7Ehl45/
1. COURSE DESCRIPTION
The purpose of this course is to provide an introduction to econometric techniques and their
applications in economic and business analysis. We will learn to use professional computer software and
practice with data from the real world.
2. TEXTBOOK
J. M. Wooldridge, Introductory Econometrics-A Modern Approach, South-Western
College Publishing
Johnston & Dinardo, Econometric Methods, Fourth edition, McGraw-Hill.
Peter Kennedy, A Guide to Econometrics, Fourth edition, MIT Press.
3. HOMEWORK AND COMPUTER ASSIGNMENT
Homework/computer projects will be assigned in class. This course will require using SAS.
Instructions for using SAS will be given in class. Data and sample programs can be downloaded from my
web site.
Please go to the following web site to download data for class projects:
http://www.swcollege.com/bef/wooldridge/wooldridge.html
HOMEWORK TURNED IN LATE WILL NOT BE ACCEPTED.
4. EXAMS
Exam I:
Exam II:
Exam III (comprehensive):
September 26,
November 14,
December 9,
Thursday (in class)
Thursday (in class)
Monday, 8:00-10:50pm
NO MAKE-UP EXAM WILL BE GIVEN.
NO RE-GRADING AFTER ONE WEEK FROM TEST/HOMEWORK RETURN.
5. COURSE GRADE
Homework
Term paper
Exam I
Exam II
Exam III
20%
15%
25% for Max(Exam I, Exam II)
15% for Min(Exam I, Exam II)
25%
6. ATTENDANCE
I will take attendance irregularly. Every attendance that I take is worth 5 points of extra credits
adding to your homework score.
COURSE OUTLINE AND TENTATIVE SCHEDULE
1) Multiple regression analysis
2) Heteroskedasticity and serial correlation
3) Panel data methods
4) Instrumental Variable Estimation
5) Simultaneous Equation Models
6) Limited dependent variable models and sample selection correlation