Econometrics
AGEC 708

NORTH CAROLINA A&T STATE UNIVERSITY
DEPT. OF AGRICULTURAL ECONOMICS AND RURAL SOCIOLOGY

 

Instructor: Dr. Godfrey Chima Ejimakor
Office: 154-B Carver Hall, Phone: 333/334-7943
Office Hours: 9 – 10am, MWF or by appointment
Meeting Time: 1 – 2:20pm, MW
Meeting Place: 168 Carver Hall

 

Texts: Koutsoyiannis, A. Theory of Econometrics, 2nd Edition, Barnes and Noble, New Jersey, 1991.

Intriligator, M.D. Econometric Models, Techniques and Applications, Prentice Hall, Englewood Cliffs, 1978. Maddala, G.S., Econometrica, MacMillan, 1992.

 

Course Objective: The object is to teach the techniques for the formulation, estimation and application of econometric models. This includes the representation of relationships underlying economic systems or subsystems, statistical estimation methods for single and multi-equation models, and the application of econometric models to economics and business.

 

Grading: Grades will be determined as follows:

Attendance 5%
Midterm Exam 25
Assignments 20
Term Paper 15
Final 35

Total 100%

 

Part I: Review of Selected Econometrics Concepts

Econometrics Defined, Expected Values, Estimators, Properties of Estimators (BLU), OLS estimators, Properties of OLS estimators.

Part II: Review of OLS and Single Equation Models

OLS Assumptions and BLU properties, Simple Regression, Matrix Algebra, Multiple Regression, First Order or Statistical Tests, Second Order or Econometric Tests (Multicollinearity, Serial Correlation, Heteroscedasticity), Remedial Measures, Distributed Lag Models, Qualitative Variables.

Part III: Multi-Equation Models

Recursive Models, Simultaneous Equation Models, Seemingly Unrelated Regression, Structural and Reduced Form Equations, Identification of Structural Equations, 2SLS, 3SLS, Relative Performance of Alternative Models.

Part IV: Applications

Empirical Application of Econometric Models, Review of Selected Econometric Studies, Empirical Comparison of the Various Estimation Techniques.