5525 Econometric Methods (3)
Continuation of Economics 425. The major problems encountered in building and
testing economic models are treated and alternative solutions to these problems
are discussed. Major topics include corrections for heteroscedasticity and
autocorrelation, maximum likelihood and BLUE estimation, simultaneous equations
methods, probit and logit analysis and distributed lags. Other topics may
include ARIMA or other series analytic methods, three stage least squares and
dynamic multipliers or simulation. Work with econometric software is stressed.
No programming experience necessary. Prerequisite: Economics 425 or
equivalent and Economics 521