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Elementary econometrics

Class at Faculty of Science |
MD360P51

Syllabus

1) Principles and methods of econometrics 2-5) Classical model of linear regression, the principle of the least square method 6-7) Special approaches to linear regression - dummy variables, types of regression, SAS software usage 8-10) Other analytical and statistical approaches for demography and related disciplines 11-12) Time-series analysis - decomposition of the time series, analysis of seasonality

Annotation

The aim of the course is to introduce the basic idea of econometrics as a field of study to students and to present basic methods and techniques of work with econometric models. Students are supposed to get a picture of the principles of the method of ordinary least squares, to find some possible ways of application of the econometric analysis in demography. In the course, MS Excel and SAS Software are used.

The course is intended for graduates of the SAS Applications in Demography I course or follow-up courses, parallel study of the SAS Applications in Demography I course is also possible.

In the academic year 2023/24, standard present lectures are expected, except for a few weeks (from approx. 8/11 to approx. 6/12 - to be specified) when, due to the teacher's absence, the teaching is planned in the form of self-study and independent practice. Subsequently, it is possible to use consultations, e-mail communication during these weeks, and block teaching at the end of the semester. Everything will be specified in the introductory lessons.

Information on options and tools for self-study or for a combined form of study:

- Moodle tools are ready and available, Google Meet, Zoom, and MS Teams platforms can be used for possible online consultations.

- Materials are shared in the Moodle environment, possibly by sharing Google Disc folders.

- Students mainly have at their disposal teaching and demonstration videos containing both a basic explanation of the topic and an explanation and procedure for solving model examples. This allows you to work at your own pace and also to return to topics already discussed. In addition, brief texts, links to online resources, presentations, and solved and unsolved examples are provided for study. Live online webinars are organized for the combined form of study, during which specifics will be added to the pre-supplied teaching video, problems will be explained, other procedures will be demonstrated live, and students can consult about their procedures and solutions. In the combined form of study, this tool will also be used for consultations or if the students need it.

- Any changes during the semester forced by serious circumstances will be discussed with the students and possibly will be communicated to the students in time with an explanation (the email registered in SIS and the discussion forum in Moodle are primarily used).

Lectures and exercises are available to students in the combined form during the semester together with full-time study students (pay attention only to the dates when face-to-face teaching will not take place). Students in the present form of study can use online tools and materials primarily intended for the combined form of study without restrictions during the semester.

Detailed and up-to-date information on the course and teaching - see Moodle