IGESS (Institute for Global Economics and Social Sciences)

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ECN100CB（経済学 / Economics 100）
Special Studies (Introduction to Econometrics)

Masayuki ONDA

Class code etc
Faculty/Graduate school IGESS (Institute for Global Economics and Social Sciences)
Attached documents
Year 2021
Class code A9628
Previous Class code
Previous Class title
Term 秋学期授業/Fall
Day/Period 金5/Fri.5
Class Type
Campus 市ヶ谷 / Ichigaya
Classroom name
Grade 1～4
Credit(s) 2
Notes
Open Program
Open Program (Notes)
Global Open Program ○
Interdepartmental class taking system for Academic Achievers
Interdepartmental class taking system for Academic Achievers (Notes)
Class taught by instructors with practical experience
SDGs CP
Urban Design CP
Diversity CP
Learning for the Future CP
Carbon Neutral CP
Chiyoda Campus Consortium
Category Advanced Courses／専門科目
Disciplinary Courses／IGESS科目
Ⅱ. Global Economy
Faculty Sponsored Department IGESS

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Outline and objectives

This course is an introduction to econometrics for the IGESS students who major or minor in economics. Econometrics is a set of research tools employed in a wide range of disciplines. Most economists do empirical research for their professional service. We rigorously study three fundamental components of econometrics: they are estimation, hypothesis test, and prediction.

Goal

Students will learn estimation, hypothesis test, and prediction.

Which item of the diploma policy will be obtained by taking this class?

IGESS Dipromapolicy DP1／DP6／DP7

Default language used in class

英語 / English

Method(s)（学期の途中で変更になる場合には、別途提示します。 /If the Method(s) is changed, we will announce the details of any changes. ）

All classes for this course will be comprised of lectures and group discussions. There are two homework assignments, that have to be completed in writing on report pads and submitted by the due dates. I will post the answer keys for the homework assignments right after the due dates, and please review them on your own.

Active learning in class (Group discussion, Debate.etc.)

あり / Yes

Fieldwork in class

なし / No

Schedule

※各回の授業形態は予定です。教員の指示に従ってください。

1：Introduction and a diagnostic test

A brief introduction, survey, and a test to measure students' mathematical skills.

2：Probability Primer 1

Random variables, and probability distributions.

3：Probability Primer 2

Joint, marginal, and conditional probabilities.

4：Probability Primer 3

A digression: summation notation and properties of probability distributions.

5：Probability Primer 4

Conditioning and the normal distribution.

6：Probability Primer 5

A Replication of the Simple Linear Regression Model using R.

7：The Simple Linear Regression Model 1

An economic model, and an econometric model.

8：The Simple Linear Regression Model 2

Estimating the regression
parameters.

9：The Simple Linear Regression Model 3

Assessing the
least squares estimators.

10：The Simple Linear Regression Model 4

The Gauss-Markov theorem.

11：The Simple Linear Regression Model 5

The probability distributions of the
least squares estimators.

12：The Simple Linear Regression Model 6

Estimating the variance of the
error term, estimating nonlinear
relationships, and regression with
indicator variables.

13：Interval Estimation and Hypothesis Testing 1

Interval estimation, and hypothesis
tests.

14：Exam & Summary, Wrap-up, Review, etc

A final exam and wrap-up.

Work to be done outside of class (preparation, etc.)

The standard preparation and review time for this class is 4 hours each.

Textbooks

R. Carter Hill, William E. Griffiths, Guay C. Lim Principles of Econometrics (POE), 5th Edition (ISBN: 978-1-118-45227-1) (NOTE: Any other print version of POEs such as 4th edition is acceptable. Look for it on AbeBooks.com https://www.abebooks.com/?cm_sp=TopNav-_-Results-_-Logo)

References

Principles of Econometrics (POE) 5th edition:
http://principlesofeconometrics.com/poe5/poe5.html
Answers to Selected Exercises:
www.principlesofeconometrics.com/poe5/poe5answers.html

Principles of Econometrics (POE) 4th edition
http://principlesofeconometrics.com/poe4/poe4.htm
Answers to Selected Exercises:
www.principlesofeconometrics.com/poe4/answers/poe4answers.pdf
POE Formula Sheet:
www.principlesofeconometrics.com/poe4/poe4formulas.pdf

Using R for Principles of Econometrics
https://bookdown.org/ccolonescu/RPoE4/intro.html
POE R data files
https://github.com/ccolonescu/PoEdata

A first course in calculus / Serge Lang ISBN10: 0387962018
解析入門 原書第3版 (日本語) ISBN10: 4000051512

Grading criteria

Participation and Attitude: 40 points
Four Homework Assignments: 40 points
Final Exam: 20 points

If a lecture is cancelled, we will instead use the following criteria to cover all the lecture materials:
Participation and Attitude: 50 points
Four Homework Assignments: 50 points

The grading scale of the Hosei University will be used.

An instructor reserves the right to adjust the final letter grades to reflect the students’ability in class.

Changes following student comments

Last semester a student in my lecture suggested that I shall divide students in two groups, groups of students who understand the lecture materials well and who may need extra supports, to cover more advanced materials this 2021-22 academic year. Hence I will hire a teaching assistant who did really well on the same course last year and give it a try to cover more advanced materials this semester. Let's see how it goes.

Equipment student needs to prepare

Bring your personal laptop.

Others

We are supposed to use R downloaded on your laptop, but may use excel depending on how familiar students are with R.