ECON 444 — Econometrics II
Economics · University of Ghana
Models Embodying Many Equations: Least squares bias in the estimation of parameters in simultaneous equations systems. Elementary methods of attacking this bias problem. Indirect Least Squares (ILS); Instrumental Variables (IV); Two Stage Least Squares (TL); Rules for testing identification. Laboratory exercise involves a simple three equation model of the economy of Ghana, in which one over-identified three variable equation is estimated by LS and TL. The TL result is put through all of the tests. Miscellaneous Econometric Problems: Collinearity of explanatory variables. Delayed responses and lagged variables. Estimation when disturbances are serially correlated. Use of artificial or shift variable (dummy variables). Testing for change of structure - the Chow Test.
- Credits
- 3
- Level
- Level 400
- Semester
- Semester Two
- Prerequisites
- ECON 315 and 316
Other courses on this programme
- ECON 441 — Economic Theory I (Micro) (Pre-req: ECON 311 and 312.
- ECON 442 — Economic Theory II (Macro) (Pre-req: ECON 313 and 314.
- ECON 443 — Econometrics I
- ECON 445 — Cost Benefit Analysis
- ECON 446 — Project Work
- ECON 447 — International Economics I (Pre-req: a good background in
- ECON 448 — International Economics II
- ECON 449 — Industrial Economics I
- ECON 452 — Industrial Economics II
- ECON 453 — Public Finance I
- ECON 454 — Public Finance II
- ECON 457 — Agricultural Economics I
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Start freeCourse details from University of Ghana Volume 2 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Humanities (2017).