Anotace
The course covers the fundamentals of econometrics, starting from the statistical foundations. Our primary emphasis will be on the linear regression model and the intuition behind its Ordinary Least Squares (OLS) estimation, an essential method in the toolkit of every economist. We will also explore the theoretical properties of OLS, engage in hypothesis testing, delve into the linear regression model's assumptions, discuss potential violations of these assumptions, and learn appropriate remedies. Furthermore, we will delve into advanced topics, including the issue of endogeneity and logistic regression.
Our main focus will be on the practical applications of econometric techniques. Each topic will be illustrated with empirical examples and reinforced through hands-on exercises during seminars.