Doel vak

Acquainting the student with misspecifications in the linear regression
model and extensions of the linear regression model.

Inhoud vak

Topics include:
- Heteroskedasticity
- Instrumental variables and endogeneity
- Misspecification: non-linearity and dummy variables
- Regression models with time series data and serial correlation in the
errors
- Strict and contemporaneous exogeneity
- Binary data: logit/probit models
- Multinomial data: ordered logit/probit model, multinomial logit model.
- Censored/truncated data: tobit models
- Non-normality

Onderwijsvorm

2 x 2 hours of classes per week.

Toetsvorm

Intermediate exam – Individual assessment
Final exam – Individual assessment
Individual assignment - Individual assessment

Literatuur

Wooldridge (2013), Introductory Econometrics, A Modern Approach, 5th
international edition.

Aanbevolen voorkennis

Econometrics I, Linear Algebra, Analysis II.