Econometrics I. Professor William Greene Stern School of Business Department of Economics. Econometrics I. Part 1 - Paradigm. Econometrics: Paradigm. Theoretical foundations Microeconometrics and macroeconometrics
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Professor William Greene
Stern School of Business
Department of Economics
Part 1 - Paradigm
Application: Is there a relationship between investment and capital stock? (10 firms, 20 years)
What are the assumptions? What are the conclusions?
Imprecise inference about the entire population – sampling theory and asymptotics
Sharp, ‘exact’ inference about only the sample – the ‘posterior’ density.
Develop the tools needed to read about with understanding and to do empirical research using the current body of techniques.
We will do some proofs and derivations
We will also examine empirical applications
No class on: Thursday, September 5
Midterm: October 22