INTRODUCTION TO ECONOMETRICS

This course belongs to the fundamentals teaching activities of the bachelor course called "Economia e Commercio" and "Economics, Markets, and Finance". In line with the educational objectives of the course, this activity aims to present the main mathematical and statistical tools necessary for the analysis of economic phenomena; particular attention will be devoted to the use of formal language and methodological rigor.

- Know and use the main mathematical tools necessary to represent complex economic phenomena.
- Know the mathematical techniques useful to solve and analyze the proposed models.
- Know how to choose the most appropriate technique in order to solve the concrete problem under analysis.
- Formulate rational justifications to the approach used to solve economic / business problems, understanding their relative strengths and weaknesses, by means of hypotheses, data and models.
- Know how to formulate and communicate an adequate analysis and interpretation of economic-financial data through the use of mathematical models.

Compulsory Economia Politica, Matematica.
Strongly suggested Statistica.

- Types of data and of econometric models.
- Recalls from sample estimation, testing theory, and linear algebra.
- Linear regression model, ordinary least squares, and generalised least squares.
- Specification tests.
- Univariate time series models
- ARMA processes, forecasting.

Verbeek M. (2009). Modern Econometrics. John Wiley & Sons Ltd

Written discussion of the estimation results of an univariate linear model and solutions of elementary econometric problems.

Traditioanl lectures, practice sessions, and tutorials.

English

written