Lecture 0slide 1 Lecture 0-Organization session ECON 6002 Econometrics I Memorial University of Newfoundland

Lecture 0slide 2 INTRODUCTION The prof The students The material The textbooks The aids The way to do it right! The grading

Lecture 0slide 3 The Prof Rober Martinez-Espineira “Rober” AA only from your MUN account!!!

Lecture 0slide 4 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 0slide 5 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 0slide 6 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 0slide 7 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 0slide 8 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 0slide 9 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 0slide 10 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 0slide 11 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 0slide 12 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 0slide 13 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 0slide 14 The textbooks Most of these books should be available through the library

Lecture 0slide 15 The aids course outline and online course schedule PowerPoint presentations online Home assignments

Lecture 0slide 16 The aids Check your s and website frequently We will be working little by little but continuously There will be frequent assignments

Lecture 0slide 17 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 0slide 18 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 0slide 19 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 0slide 20 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 0slide 21 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 0slide 22 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 0slide 23 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 0slide 24 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 0slide 25 Questions? Any questions? Any suggestions? Any complaints?

Lecture 0slide 26 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 and/or Kennedy 2008