Courses in the summer semester 2023

040256 KU Panel Data Econometrics (MA)

(4 hours per week, 8 ECTS)

Time and location:

Monday, 4:45pm-6:15pm, HS8

Wednesday, 1:15pm-2:45, HS17

Starts: March 1, 2023

The course introduces participants into the econometric methods that are currently used in analyzing panel data. It has the following main building blocks:

1. Models for panel data (fixed and random effects, one-way and two-way, estimation)

2. Tests (poolability, Hausman test, autocorrelation, heteroskedasticity)

3. Dynamic panels (Nickell bias, instrumental variable estimation, generalized method of moments)

4. Panel tests for unit roots, panel cointegration

Literature:

Baltagi, B.: Econometric Analysis of Panel Data

Hsiao, C.: Analysis of Panel Data

Assessment is based on two components: two written tests (30% each) and an empirical project (40 %). The empirical project consists of writing a short paper, presenting own results and discussing the projects of fellow students. Dropping the course without a grade is possible on request (please contact me) before the first test. Passing the course requires both at least 50% of the maximum achievable points and attendance at the first written test.

Dates for all tests are convened in class. Possible time slots for such tests may be after Easter (midterm) and in early June (finals).