ECONOMICS/ARE 5311
COURSE OUTLINE

SPRING, 2011

Instructor:                   William Lott

Office:                         HRM 346

Office Hours:              Wed.  1-3 PM

Office Phone:             486-3885

Class:                         Wed.  4-6:30 PM, ARJ 311

E-mail:                        William.Lott@uconn.edu

Web Page:                 http://wlott.uconn.edu/

Text:                           Griffiths , W.E., R. Carter Hill, and George G. Judge, Learning and 

     Practicing Econometrics,  John Wiley and Sons, 1993.

     Shazam Version 10 User’s Reference Manual , 2004

      Authors: Whistler, White, Wong, Bates

      ISBN: 0-9687709-0-8

      Published by Northwest Econometrics, Ltd.

      Online Ordering: http://shazam.econ.ubc.ca/order/bookorder.html

Grading:        

                                    Midterm           20%

                                    Homework      40%

                                    Final                40%

                                    Total              100% 


                                                                                             


Midterm Exam: The midterm will be a take home exam. You will be given the exam at the close of class on Wednesday, March 2nd. You must take the exam by yourself. You will have 2 hours from the time you open the exam to complete it. You must sign the honor code statement included in the envelope. Anyone discovered to have violated the honor code will fail the course immediately; no questions asked. Exams must be returned to the main Economics office by Noon on March 4th.

Policy:All work must be completed in order to receive a grade.All homework turned in after the due date will be graded for half credit.Due date for homework will be one week after the chapter is completed.Working in study groups is encouraged.In turning in homework, you will list at the top of the homework all members in your study group for that homework assignment. The study group may submit one homework for all members of the group. Your grade will be the group's grade. All cases of cheating will be dealt with in strict accordance with the  University of Connecticut Student Conduct Code.

Course Outline

Time Allotted           Topic                                                              Chapter         PowerPoint

            2 weeks          A General Linear Statistical Model:                                     9                1,2,3,4

                                    Model Specification and Estimation

                                    (Homework: 9.1, 9.2, 9.3, 9.4) 

                                    (Example1,Example2) (Solution)

            1 &1/2 weeks  Inference in the General Linear Statistical Model            10               5,6,7

                                    (Homework: 10.1, 10.4, 10.6, 10.10)  (Solution)

                                                ( Log-Lin test example,TV Ad Yield example ,J-Test example)

1week             Combining Sample and Nonsample Information                11                   8 , 9

                                    and Further Applications of the General Linear

                                    Statistical Model

                                    (Homework: 11.2, 11.3, 11.4, 11.9, 11.16) (Solution)
                                                (Joint Hypothesis test example)

                                    ( predictions)

            1 week            Dummy Variables and Varying Coefficient Models           12              10,11

                                    (Homework: 12.1, 12.3, 12.9, 12.11 (Solution)

                                                ( expenditures  Expenditure Printout  ,salaries )

1 week           Heteroskedastic Errors                                                          15              12 , 13

                                    (Homework: 15.1, 15.2 , 15.3 , 15.6 , 15.8 )

                                    (OB Example Data)

            1 week           An autocorrelated Error Model                                              16                   15 , 16          

                                                (Homework: 16.1, 16.2 , 16.3 , 16.4 )
                                    (Bid-Ask Spread Example)     

            1 Class            Estimating the Parameters of a Set of Error                    17               17

                                    Related Economic Relations

                                    (Energy Example)
                                    (Homework: 17.1, 17.4,17.5, 17.7)
 

            1 week            An Introduction to Simultaneous Equation                         18               18 , 19

                                    Econometric Models

                                    (Homework: 18.1, 18.2, 18.3)

            1 week            Estimation and Inference for the Simultaneous                19               20 , 21  

                                    Equations Model

                                    (Homework: 19.1, 19.3, 19.4

                                    ( Menges Example)

            1 week            Models with Discrete Dependent Variables                     23              22 , 23  

                                    (Homework: 23.1,23.3,23.4,23.6)
                                                (Computer Example)

1 1/2 Weeks Time Series Analysis       20,21.4    24, 25, 26

(Homework: 20.3, 20.4, 20.6, 20.6, 20.11 )


Exchange Rates

1 Week Distributed Lag Models       21       27, 28
Final Exam TBA       TBA       TBA

1 1/2 Weeks Time Series Analysis       20,21.4    24, 25, 26

(Homework: 20.3, 20.4, 20.6, 20.6, 20.11 )


Exchange Rates

1 Week Distributed Lag Models       21       27, 28
Final Exam TBA       TBA       TBA

1 1/2 Weeks Time Series Analysis       20,21.4    24, 25, 26

(Homework: 20.3, 20.4, 20.6, 20.6, 20.11 )


Exchange Rates

1 Week Distributed Lag Models       21       27, 28
Final Exam TBA       TBA       TBA

1 1/2 Weeks Time Series Analysis       20,21.4    24, 25, 26

(Homework: 20.3, 20.4, 20.6, 20.6, 20.11 )


Exchange Rates

1 Week Distributed Lag Models       21       27, 28
(Homework: 21.2, 21.3, 21.4)
Final Exam May 3rd, 3:30-5:30 PM - Classroom       TBA       TBA