Guia docente 2019_20 Facultad de CC. Económicas y Empresariales

Contents

Topic	Sub-topic
TOPIC 1: Econometric Modeling	Definition of Econometrics. Steps in empirical economic analysis. The structure of economic data
TOPIC 2: The Classical Linear Regression Model	Model specification. Assumptions. Mechanics and interpretation of Ordinary Least Squares. Properties of estimators. Goodness-of-fit. Hypotheses testing. Confidence intervals. Prediction. Dummy variables. Specification and data problems (omitted variable bias; inclusion of irrelevant variables; proxy variables; multicollinearity).
TOPIC 3: Violations of the Classical Assumptions	Analysis, consequences, diagnosis and possible solutions of non-compliance with classical hypotheses (Heteroskedasticiy. Autocorrelation. Stochastic explanatory variables...)