EC825 Applied Microeconometrics

Module Facts

Module Convenor:

William Collier
E-mail w.j.collier@kent.ac.uk
Office Location: Keynes College B1.04
Tel: 01227 (82) 3432
Office Hour: Tuesday 10-11

Description

This module builds upon the material covered in the Econometric Methods module EC821 which introduced you to linear regression models and the problems associated with economic modelling involving single equation econometric techniques. The emphasis is on applied econometrics. Hence, the module is concerned with the application and properties of econometric methods, with less emphasis on the mathematical aspects of the subject. We start by looking at multiple equation systems and then turn our attention to techniques appropriate for the analysis of cross-section and panel (cross-section/time series) data. Collectively, these latter techniques are referred to as microeconometrics.

Topics

  • Instrumental Variables
    • Simultaneous Equation Models
    • Simultaneous Equation Estimation Methods
  • Discrete Dependent Variables
    • Introduction
    • Estimation Methods
  • Limited Dependent Variables
    • Limited Dependent Variables I
    • Limited Dependent Variables II
  • Panel Data
    • Introduction
    • Estimation Methods
  • Policy Evaluation
    • Identifying Treatment Effects

Reading

Microeconometrics is a relatively new field and is seldom covered in depth in the standard introductory textbooks. The texts used for EC821 provide a starting point but are not sufficient for our needs.

Texts which provide comprehensive coverage of the material in the course are:

  • Greene, W.H. (2008), Econometric Analysis, 6th Edition, Prentice Hall.
    Woolridge, J. M. (2002) Econometric Analysis of Cross-Section and Panel Data, MIT Press

The following book may also be useful in assisting with the computing classes:

  • Baum, C.F. (2006), Introduction to Modern Econometrics Using STATA, STATA Press

Generalised texts covering certain topics in the module include:

  • Woolridge, J.M (2009), Introductory Econometrics, 4th Edition, South-Western
    Gujarati, D.N. (2003), Basic Econometrics, 4th Edition, McGraw-Hill
    Maddala, G.S. (2001), Introduction to Econometrics, 3rd Edition, Wiley

More specialist texts particularly good for microeconometrics are:

  • Baltagi, B.H. (1995), Econometric Analysis of Panel Data, Wiley.
    Maddala, G.S. (1986), Limited-Dependent and Qualitative Variables in Econometrics, CUP.

Download the EC816 Module Outline here:

 2009

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