## Econometrics (Master)

Universität Basel, Fall 2022

Master

Prof. Dr. Kurt Schmidheiny

### General Information:

- Syllabus and Rooms
- Slides Introduction: 4up, 1up

### Textbook:

- Stock, James H. and Mark W. Watson (2020), Introduction to Econometrics, 4th Global ed. Pearson.
- Special offer at Bider&Tanner (password protected)
- Additional textbooks are discussed in the first lecture

### Software:

We will use R with RStudio for applications in class and in the problem sets:

Alternatively, you can use STATA:

- There are 20 available computers with STATA in the WWZ computer pool
- There are computers with STATA in other pools of the university
- You can purchase a licence for 6 months at a price of 48 USD

### Lecture Notes and Slides:

Topic | Matrix-free | Matrices | ||||
---|---|---|---|---|---|---|

Causal Effects | 4up | 1up | ||||

Matrix Algebra | 2up | 1up | ||||

Probability Theory | 2up | 1up | 2up | 1up | ||

Linear Regression | 2up | 1up | 2up | 1up | ||

Testing | 2up | 1up | 2up | 1up | ||

Functional Form | 2up | 1up | 2up | 1up | ||

Heteroskedasticity | 2up | 1up | 2up | 1up | ||

Clustering | 2up | 1up | 2up | 1up | ||

Asymptotic Theory | 4up | 1up | 4up | 1up | ||

Instrumental Var. | 2up | 1up | 2up | 1up | ||

Panel Data | 2up | 1up | 2up | 1up | ||

Maximum Likelihood | 4up | 1up | 4up | 1up | ||

Binary Response | 2up | 1up | 2up | 1up |

### Statistical Software:

- Short Guide to Stata: 1up, 2up
- Stata Resources at UCLA

### Problem Sets:

- Problem Set 1: 2up, 1up. Discussed September 28, 2022, 11:15-12:00.

References: Article in the Guardian from August 24, 2020, Bijnens et al., (2020), PLOS Medicine, 17(8), appendix.

Online test: Unibas E-Assessment. Due September 28, 2022, 10:00. - Problem Set 2: 2up, 1up. Discussed October 12, 2022, 11:15-12:00.

Data: csv (codebook). Output: R, Stata.

Online test: Unibas E-Assessment. Due October 12, 2022, 10:00. - Problem Set 3: 2up, 1up. Discussed October 19, 2022, 10:15-12:00 (90').

Output: R, Stata.

Online test: Unibas E-Assessment. Due October 19, 2022, 10:00. - Problem Set 4: 2up, 1up. Discussed November 2, 2022, 11:15-12:00.

Output: R, Stata.

Online test: Unibas E-Assessment. Due November 2, 2022, 10:00. - Problem Set 5: 2up, 1up. Discussed Monday (!) November 7, 2022, 11:15-12:00.

Output: R, Stata.

Online test: Unibas E-Assessment. Due Monday (!) November 7, 2022, 10:00. - Problem Set 6: 2up, 1up. Discussed November 16, 2022, 11:15-12:00.

Reference: Daron Acemoglu, Simon Johnson, and James A. Robinson (2001), The Colonial Origins of Comparative Development: An Empirical Investigation, American Economic Review, 91, 1369-1401.

Data: csv (codebook), Stata. Output: R, Stata.

Online test: Unibas E-Assessment. Due November 16, 2022, 10:00. - Problem Set 7: 2up, 1up. Discussed Monday (!) November 28, 2022, 11:15-12:00.

Data: csv (codebook), Stata. Output: R, Stata.

Online test: Unibas E-Assessment. Due Monday (!) November 28, 2022, 10:00. - Problem Set 8: 2up, 1up. Discussed December 7, 2022, 12:15-13:00.

Data: csv, Stata (codebook). Output: R, Stata.

Online test: Unibas E-Assessment. Due December 7, 2022, 2022, 12:00.

### Causal Effects and the Logic of Randomized Experiments:

- Writing Group for the Women's Health Initiative Investigators (2002), Risks and Benefits of Estrogen Plus Progestin in Healthy Postmenopausal Women: Principal Results From the Women's Health Initiative Randomized Controlled Trial, Journal of the American Medical Association, 288:321-333.
- Jeremy D. Finn and Charles M. Achilles (1990), Answers and Questions About Class Size: A Statewide Experiment, American Educational Research Journal, 27, 557-577.
- Alan B. Krueger (1999), Experimental Estimates of Education Production Functions, The Quarterly Journal of Economics, 114 (2), 497-532.
- The Wyeth ghostwriting case: New York Times, Aug 4, 2009 , PLOS Medicine, Sep 7, 2010, PLOS Ghostwriting Collection.