Grading
Problem Sets (30%)
There will be 6-9 problem sets. A problem set with the lowest grade will be dropped from final grading.
Midterm Exam (30%)
Given in class on Wednesday, October 25. Closed books and notes. There will be no make-up exam for midterm. When a student is excused from midterm exam, his or her grade will be based on reweighting of the problem sets (30%) and the final exam (70%).
Final Exam (40%)
Closed books and notes.
Course Description
The course aims to equip students with introductory knowledge in probability, statistics, and econometrics so that students become familiar with basic concepts underlying empirical and methodological research in economics.
Outline
Part I: Basics
- Probability
- Random Variables, and Distributions
- Conditional Expectations and Conditional Distributions
- Family of Distributions
- Basics of Inference - Estimation - Hypothesis Testing
Part II: Generalized Linear Model
- Preliminaries of Projection Geometry
- Generalized Linear Models and Gauss-Markov Theorem
- Tests of Linear Hypothesis
Part V: Linear Models with Endogeneity
- Identification and Endogeneity
- Identification through IV and Inference
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The use of AI tools is permitted except where explicitly forbidden. However, that usage must be documented and attributed within your assessment(s). Students are responsible for all factual inaccuracies that are created by the use of AI tools.