PAST CORE COURSES

EK0405 PRINCIPLES OF ECONOMETRICS

Basic Information

• Location: Helsinki, University of Helsinki
• Time: Academic year 2004-2005
  • Autumn term: Principles of Econometrics I: September 17 - November 12, 2004
  • Spring term: Principles of Econometrics II: January 14 - April 6, 2005

The course is divided in two parts: Principles of Econometrics I (autumn term) and Principles of Econometrics II (spring term). In total the course includes 48 hours of lectures and 24 hours of exercises. Only those having passed the exercises can participate in the exams.

The course can be passed by taking two midterm exams or a final exam. Please note that the exams (both the midterm exams and the final exam) can only be taken by those who have solved a sufficient number of problems correctly (separately for part I and part II). In practise this means that at least one third of the problems have to be solved "showing good effort" so that the principles of solution are correct - mistakes in mechanical calculations are allowed, however.

Please note that the students' home departments are responsible for registering the grades according to their own requirements. FDPE gives the students, on request, a certificate of the courses passed within the programme.

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Teaching Staff

• Instructors: Professor Markku Lanne (University of Jyväskylä): part I and part II B and Pekka Ilmakunnas (Helsinki School of Economics): part II A
• Teaching assistant: Heikki Pursiainen (University of Helsinki): part I and II

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Topics

Topics covered in the course include:

• maximum likelihood estimation
• GLS estimation
• instrumental variables
• dynamic models
• simultaneous equations

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