Eco400 Research Methods
West Chester University
Dr. Thomas Andrews
313 Anderson Hall
syllabus available online at http://courses.wcupa.edu/tandrews
This course is an introduction to the fundamentals of econometric concepts and techniques needed in quantitative analysis in economics. This course emphasizes the need to gain an intuitive understanding of the econometric concepts and of their proper applications to real-world economic problems. Computer skills are important and students will be expected to become familiar with statistical programs including SPSS and EViews.
Thomas Andren Econometrics
(Required text will serve as our essential resource)
This free textbook offers a simple survey over the most basic concepts that are studied within introductory courses in econometrics. The theory is clarified with numerous examples.
Subjects as basic probability and statistics, statistical inference with the simple and multiple regression model, dummy variables and auto correlation are explained.
free on bookboon
StatNotes is a rolling publication which is free for educational use through linking only but copyrighted.
We will use this to supplement the Andren text for Discrete Dependent variables
By Hamid Seddighi, K. A. Lawler, Anastasios V. Katos
Recognising the fact that A level mathematics is no longer a necessary prerequisite for economics courses, this text introduces this key subdivision of economics to an audience who might otherwise have been deterred by its complexity.
If you don’t understand something in Andren, you might find a better explanation here
Free on Google books
Bruce E. Hansen
This is a draft of a first-year Ph.D. econometrics textbook.
This is for more advanced usere
By the end of the course, the student will be able to:
Active learning exercises: This course is HANDS ON. We will do a problem set virtually every day in class. Your results will be maintained in a google documents folder that is shared with your professor. (Google docs works best with firefox) Your results will be graded daily. We will do between 10 and 15 problem sets. Your grade for the problem sets will be based on the percentage of the problem sets you complete. These problem sets will be assigned and completed in class. Attendance is required to get credit for these exercises. Combined these will be 60 percent of your grade.
Research paper: (40 percent) Students will be required to complete a research paper. Two options are available: One is to extend research already begun by another undergraduate. The other is to begin an entirely new project. In the project extension model, the student will update an existing literature review, add to an existing data set by either adding additional variables or observations (or both) and introduce untested functional forms to the analysis.
New research project will entail a full literature review, collection of a new data set, and analysis with standard functional forms. New projects require a substantial commitment on the part of the instructor and the student so will require instructor permission. If you would like to pursue this option, please arrange to meet with me before the end of the second week of classes.
Projects may be eligible for $500 cash prize. See WCU student research awards
Attendance: In addition, students are responsible for all material covered during class. If a class is missed, the material should be obtained from another student. In the event that a class is canceled by the instructor, you will be notified by a note posted on the classroom door and signed by the department chair. If there is any uncertainty, check with the department secretary in room 309.
Miscellaneous: Office hours are open to all students, for discussion of any topic. No appointment is necessary. If you're not clear on something, or not sure if your not sure - COME SEE ME! also, we at West Chester University wish to make accommodations for persons with disabilities. Please make you needs known by contacting me and/or the Office of Services for Students with Disabilities at ext. 3217. Sufficient notice is needed in order to make the accommodations possible. The University desires to comply with the ADA of 1990.” Disruptive student Policy.
(subject to change)
(Student should be able to)
single variable hypothesis tests
Null and Alternative hypothesis, p-value, significance level, t-statistic, Z-value.
-Formulate null and alternative hypotheses
-calculate descriptive statistics (three number summary)
-Calculate t-statistics/ Z- values -interpret p-values
Andren Ch 2 pages 26-29
Simple Regression Model
Population regression line, slope, intercept, sample regression line, Assumptions, Gauss Markov Theorem
-Understand the assumptions underlying regression analysis
-understand the meaning of BLUE
Andren Ch 3
Common Statistics for regression analysis
standard errors, t-statistics, p-values, R-squared, Adjusted R-squared, F-statistic
-conduct appropriate hypothesis tests on regression coefficients
Andren Ch 4.1, 4.2. Andren Ch 5
log-log (double log)
missing (omitted) variable
-Run linear model and interpret
-interpret regression with squared terms.
-run Log linear and interpret
-run log-log and interpret
intercept dummies, slope dummies
Interpret dummy variable coefficients
10/12 tues fall break
qualitative choice Models
Interesting Data sites
Run of the mill data
BOWLING ALONE: THE COLLAPSE AND REVIVAL OF AMERICAN COMMUNITY: In a groundbreaking book based on vast new data, Putnam shows how we have become increasingly disconnected from family, friends, neighbors, and our democratic structures-- and how we may reconnect.
http://www.glassdoor.com/index.htm. Glassdoor is your free inside look at jobs and companies. Salary details, company reviews, and interview questions — all posted anonymously by employees and job seekers.
undergraduate economics research journals
Other sources for undergraduate research
Professional Journals that accept student work