1. Lecture 0slide 1 Lecture 0-Organization session ECON 4550 Econometrics I Memorial University of Newfoundland

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

3. Lecture 0slide 3 The Prof Rober Martinez-Espineira Aka “Rober” email: rmartinezesp@mun.ca AA 3087 E-mail me only from your MUN account!!!

4. Lecture 0slide 4 The Prof Office hours (posted on-line and on my office door): MON 4:00-5:00 WED 4:00-5:00

5. Lecture 0slide 5 The students Names? Why are you here? What are you going to do next? Who took any Stats or Math Econ?

6. Lecture 0slide 6 The material To enhance your analytical and intellectual skills through the study of Econometrics To provide you with a basic knowledge of Econometrics To equip you with the skills needed to conduct and interpret basic ordinary least squares regression analysis

7. Lecture 0slide 7 The material 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

8. Lecture 0slide 8 The material understand the basic theory of econometric estimation and inference at a level sufficient to support basic empirical research apply ordinary least squares regressions, interpret, and present the resulting econometric output obtained using computer software on real data interpret the results of applying basic econometric models in the literature

9. Lecture 0slide 9 The textbooks Main text: Hill, R. Carter, Griffiths, William E. and Lim, Guay C. Principles of Econometrics 4th ed. John Wiley & Sons, 2011

10. Lecture 0slide 10 The textbooks Other books you may want to consult: Kennedy, P. A Guide to Econometrics, Sixth Edition John Wiley & Sons, 2008

11. Lecture 0slide 11 The aids course outline and online course schedule PowerPoint presentations online

12. Lecture 0slide 12 The aids Check your e-mails and website frequently We will be working little by little but continuously There will be frequent assignments

13. Lecture 0slide 13 The aids We will use GRETL and occasionally SHAZAM or STATA to work with empirical data You should download GRETL for free from the internet STATA is available at the QEII

14. The aids We will also use Microsoft Excel from time to time, so make sure you have it in your computers Lecture 0slide 14

15. Lecture 0slide 15 The aids We will reproduce examples in the book and some additional ones

16. Lecture 0slide 16 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

17. Lecture 0slide 17 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!

18. Lecture 0slide 18 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

19. Lecture 0slide 19 The grading system Final exam (50%) Two quizzes (50%): Your worst quiz will be 20% and the best quiz will be 30%

20. Lecture 0slide 20 Questions? Any questions? Any suggestions? Any complaints?

21. Lecture 0slide 21 NEXT Mathematical Review (see Appendix in Hill et al. 2011) Look also at Ch. 1 in Hill et al. 2011 and/or Kennedy 2008