Roadmap of Econometrics core courses ◆ probability and statistics ◆ general econometrics ◆ time series econometrics(sometimes not) advanced courses ◆ microeconometrics ◆ panel data econometrics financial econometrics ◆ nonparametric econometrics ◆ spatial econometrics... Econometrics 15-Zhuxi 16
Econometrics 15 - Zhuxi 16 Roadmap of Econometrics core courses probability and statistics general econometrics time series econometrics(sometimes not) advanced courses microeconometrics panel data econometrics financial econometrics nonparametric econometrics spatial econometrics…
Debates about Econometrics Is the role of econometrics the same as mathematical economics? ANS:The main task of mathematical economics is to express economic theory in the mathematical form of equations (or models)without regard to measurability or empirical verification of economic theory. To check whether a theory is consistent with reality,one needs econometrics Econometrics 15-Zhuxi 17
Econometrics 15 - Zhuxi 17 Debates about Econometrics Is the role of econometrics the same as mathematical economics? ANS: The main task of mathematical economics is to express economic theory in the mathematical form of equations (or models) without regard to measurability or empirical verification of economic theory. To check whether a theory is consistent with reality, one needs econometrics
Debates about Econometrics (ctd) Is econometrics simply an application of statistics? ANS:Econometrics has it own idea from economic problems!It often creates the needs for special methods because the unique nature of economic data,and the unique nature of economic problems at hand.For ex Censored/Truncated data ■ GMM method for asset pricing Engle and Granger's cointegration Econometrics 15-Zhuxi 18
Econometrics 15 - Zhuxi 18 Debates about Econometrics (ctd) Is econometrics simply an application of statistics? ANS: Econometrics has it own idea from economic problems! It often creates the needs for special methods because the unique nature of economic data, and the unique nature of economic problems at hand. For ex Censored/Truncated data GMM method for asset pricing Engle and Granger’s cointegration