Economics 312: Theory and Practice of Econometrics
Reed College --- Jeffrey Parker
Spring 2007
Reading List and Course Calendar

The dates below are subject to change. Be sure to check this site often to pick up any changes that occur during the semester.

Go to this week's assignments

 

Additional econometrics books on reserve: (*=easier math than Stock & Watson, **=about the same level, ***=harder)

  • **Griffiths, William E., R. Carter Hill, and George G. Judge, Learning and Practicing Econometrics, New York: John Wiley & Sons, 1993.
  • ***Davidson, Russell, and James G. MacKinnon, Econometric Theory and Methods, Oxford: Oxford University Press, 2004.
  • **Berndt, Ernst, The Practice of Econometrics: Classic and Contemporary, Reading, Mass.: Addison Wesley, 1990.
  • ***Hamilton, James, Time Series Analysis, Princeton: Princeton University Press, 1994.
  • ***Greene, William, Econometric Analysis, 4th ed., Englewood Cliffs, N.J.: Prentice-Hall, 2000. (Note: There is a 5th edition, but neither the library nor I own it.)
  • *Wooldridge, Jeffrey, Introductory Econometrics, 3rd edition.
  • ***Enders, Walter, Applied Econometric Time Series, New York: John Wiley & Sons, 1995.
  • **Gujarati, Damodar, Basic Econometrics, New York: McGraw-Hill, 1995.
  • *Studenmund, A. H., Using Econometrics: A Practical Guide, Boston: Pearson Addison Wesley, 2006.

  • *Murray, Michael, Econometrics: A Modern Introduction, Boston: Pearson Addison Wesley, 2006.

    Course Calendar

    Week
    		DateTopicReading
    1
    		Monday, January 22Intro to econometricsS&W, Ch 1
    Wednesday, January 24Review of probability theoryS&W, Ch 2
    Thursday, January 25Lab: Introduction to StataS&W Stata Tutorial (download from S&W Web site)
    Friday, January 26Review of statisticsS&W, Ch 3
    2
    		Monday, January 29Simple regression IS&W, Ch 4
    Wednesday, January 31Simple regression IIS&W, 5.1 thru 5.4
    Thursday, February 1Lab: Discuss assignments 
    Friday, February 2Theory of simple regression IS&W, 5.5, 5.6, Ch 17
    3
    		Monday, February 5Theory of simple regression IIS&W, Ch 17
    Wednesday, February 7Multiple regression IS&W, 6.1 thru 6.5
    Thursday, February 8Lab: Discuss assignments 
    Friday, February 9Multiple regression IIS&W, 6.6 thru 6.8
    4
    		Monday, February 12Multiple regression in matrix formS&W, 18.1, 18.2
    Wednesday, February 14Inference in multiple regressionS&W, Ch 7, 18.3 thru 18.5
    Thursday, February 15Lab: Discuss assignments 
    Friday, February 16Generalized least squaresS&W, 18.6
    5
    		Monday, February 19Functional formsS&W, Ch 8
    Wednesday, February 21Critical assessment of regressionsS&W, Ch 9
    Thursday, February 22Lab: Discuss assignments, prep for mid-term 
    Friday, February 23In-class mid-term exam; take-home part handed out 
    6Monday, February 26Panel data methodsS&W, Ch 10
    Wednesday, February 28Models with binary dependent variablesS&W, Ch 11
    Thursday, March 1Lab: Discuss midterm 
    Friday, March 2More on logit/probit models 
    7
    		Monday, March 5Instrumental variablesS&W, Ch 12
    Wednesday, March 7Analytics of IV and GMM modelsS&W, 18.7
    Thursday, March 8Lab: Discuss assignments and/or semester projects 
    Friday, March 9Catch-up day 
    Spring Break
    8
    		Monday, March 19Estimating systems of equationsGH&J, Ch 17
    Wednesday, March 21Identification in simultaneous systemsGH&J, Ch 18
    Thursday, March 22Lab: Discuss assignments 
    Friday, March 23Estimation of simultaneous systemsGH&J, Ch 19
    9
    		Monday, March 26Experimental and quasi-experimental dataS&W, Ch 13
    Wednesday, March 28Autoregressive time-series modelsS&W, 14.1 thru 14.5
    Thursday, March 29Lab: Discuss assignments 
    Friday, March 30Stationarity issuesS&W, 14.6 thru 14.8
    10
    		Monday, April 2Dynamic effects and exogeneityS&W, Ch 15
    Wednesday, April 4Vector autoregressionsS&W, 16.1, 16.2
    Thursday, April 5Sex Discrimination Debate 
    Friday, April 6Race Discrimination Debate  

    11

    		Monday, April 9Integration S&W, 16.3, 16.4
    Wednesday, April 11Cointegration 
    Thursday, April 12Lab cancelled 
    Friday, April 13ARCH-type modelsS&W, 16.5, 16.6
    12
    		Monday, April 16Specification searchesLeamer, "Let's Take the 'Con' Out of Econometrics," AER 3/83.
    Lovell, "Data Mining," REStat, 1/83.
    Wednesday, April 18Monte Carlo and bootstrap methodsMurray, Econometrics, Ch. 2 (esp. last half).
    Davidson & MacKinnon, Econometric Theory and Methods, Section 4.6.
    Thursday, April 19Lab: Discuss problems and final projects 
    Friday, April 20Publication biasDeLong and Lang, "Are All Economic Hypotheses False?" JPE, 12/92.
    13
    		Monday, April 23Missing-data methodsLittle, "Regression with Missing X's: A Review," Journal of the American Statistical Assn, Dec 1992.
    Wednesday, April 25Varying-parameter models Maddala, Econometrics, Ch. 17.
    Thursday, April 26Lab: Work session on final project 
    Friday, April 27Duration/hazard modelsGreene, Econometric Analysis, 4th ed., Section 20.5.

    Reading and orals week
     Monday, May 7Final exam period: 1-5pm
    Presentations of final projects