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Course Outline

Econometrics for managment

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Gebyaw Demeke Aniley
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14 views6 pages

Course Outline

Econometrics for managment

Uploaded by

Gebyaw Demeke Aniley
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COURSE OUTLINE

Degree Program B.A. in Management


Module Title Managerial Statistics
Course Number MGMT3071
Course Title Econometrics for management
Credit hours: 3
Course Information Academic Year: 2023 Semester: II
Meeting day: Meeting time: Meeting location:
Instructor’s Office: Phone:
Contact Information Email: a l e m n e h m e l a k u 5 8 8 @ g m a i l . c o m Office Hours:
Course Objectives By the end of this course, you should be able to:
and Competences to Understand the nature and scope of econometrics as a business
be Acquired student Use statistical analysis, including the classical regression
model, to estimate relevant economic parameters, predict economic
outcomes, and test economic hypotheses using quantitative data.
Understand the basic assumptions of the classical linear regression
model, and identify and correct (if possible) any violations of these
assumptions, such as autocorrelation and heteroscedasticity.
Develop and maintain a working knowledge of econometrics that will
provide a basic foundation for future study in econometrics and
statistical techniques.

Course This course is an undergraduate level introduction to econometrics for the


Description/Course social science in which the tools of economic theory, mathematics, and
Contents statistical inference are applied to the analysis of economic phenomena. You
will study and apply regression analysis to various data sets in order to
familiarize students with the core concepts of estimation of economic
parameters, prediction of economic outcomes, and statistical inference.
Pre-requisites Statistics for management II
Status of the Course Core
Course delivery Lecture, group discussion and reflection
method

Course content
1. Introduction

1.1 What is Econometrics? What its methodology?


1.2 Basic definitions: sample, population, random variable
1.3 Data: cross-section, time series, panel data
1.4 Variables: quantitative and qualitative
1.5 Measures of centralization, dispersion, and other

2. Regression analysis

2.1 Population and sample regression functions


2.2 The nature of the error term
2.3 The classical linear regression model (CLRM)
2.4 Parameter Estimation: Least Squares
2.5 Covariance, correlation coefficient, coefficient of determination (r2)
2.6 Hypotheses testing
2.7 Forecast

3. Regression analysis: Further details

3.1 Multivariate Case of CLRM


3.2 Selection of models
3.3 Global hypothesis test (F and r2)
3.4 Omission of relevant variables and inclusion of irrelevant variables
3.5 Functional Forms
3.6 Dummy variables
3.7 Multicollinearity
3.8 Relaxing the CLRM basic assumptions

4. Binary dependent variable

4.1 Linear probability model


4.2 Logit Model
4.3 Probit Model
4.4 Interpretation of coefficients

5. Time series

5.1 Nature of the data


5.2 Trends and seasonality
5.3 Stationarity
5.4 Box-Jenkins Methodology
Course expectation
Preparedness: You must come to class prepared by bringing with you the appropriate
materials. Complete the individual and group assignments and other activities on time. You
must plan your own learning through reading various course related materials and chapters
in books. You are expected to work much individually to meet the requirement of the
course. You have to use your time for group work and home study effectively.

Participation: Make active participation during discussions (you must participate in class).
You are not participating if you are simply talking to a friend, doing homework,
daydreaming, or not doing what the rest of the class is doing. If you are working in a group
or with a partner, you must talk to your group members or partner and be a part of the
group. Always be ready and willing to give constructive feedback to partners/group
members and to listen to their comments on your work

Policy
Attendance: It is compulsory to come to class on time and every time. If you are going to
miss more than three classes during the term, you should not take this course

Assignments: You must do your individual and group assignments and submit on time. No
late assignment will be accepted

Tests/Quizzes: You will have short quizzes and tests almost every unit. If you miss the class
or, are late to class, you will miss the quiz or test. No makeup test or quizzes will be given.
You are expected to observe the rules and the regulations of the University as well

Cheating: You must do your own work and not copy and get answers from someone else.
When you are in class: please do not chew gum, eat something, listen to recorders or CD
players, or involve in acts that spoil the normal teaching-learning process; switch off your
cell phones before class and exam sessions. Any attempt to use cell phones in exam sessions
will be considered an act of cheating and hence, dealt accordingly.
REFERENCE

Maddala, G. (2009), Introduction to Econometrics, 4th


Edition, Wiley.
Studenmund, A. (2011), Using
Econometrics: A Practical Guide, 6th Edition,
Pearson. Thomas, R.L. (1996), Modern
Econometrics: An Introduction, Addison-
Wesley
Griffiths, W. Using Eviews: For
principles of econometrics, 4th
ed., 2011 Gujarati, D., Basic
econometrics, 5th ed. 2008.
Gujarati, D., Econometrics by example, 2011.
J. H. Stock and M. W. Watson, Introduction to Econometrics,
3rd revised edition
Jeffrey M. Wooldridge Introductory Econometrics: A Modern
Approach, 6th edition
Jeffrey Wooldridge 2009 or 2012, Introductory
Econometrics, 4th or 5th edition, Thomson
SouthWestern
Kennedy, P., 2008, A Guide to Econometrics, 6th edition,
Wiley.
Stundenmund, A.H., Using econometrics: A practical guide,
5th ed. 2005.
Wooldridge, J., Introduction to econometrics: A modern
approach, 4th ed. 2008.

Classroom Conduct

Students are required to act respectfully in the classroom at


all times, any disruptive behavior that inhibits fellow-student
learning will not be permitted and will constitute a one-day
removal from lecture/recitation; a second offense will
require a formal meeting with the student. Such behavior
includes holding conversations during lecture/recitation, any
unauthorized cell phone, laptop, or tablet use, or other
behavior which detracts from the class.

Assessment arrangement

Points Description
30 Mid Exam
20 Assignment
5 Attendance
45 Final exam
100 Total Points Possible

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