计量经济学英文版伍德里奇.pptVIP

Department of Statistics by Zhaoliqin * Example: (continued) The estimate of b1, is the return to education, but can it be considered causal? While the error term, u, includes other factors affecting earnings, want to control for as much as possible Some things are still unobserved, which can be problematic Department of Statistics by Zhaoliqin * ceteris paribus’ explaining * * Use nlsy.dta to estimate a simple earnings function Department of Statistics by Zhaoliqin * Welcome to Econometrics Department of Statistic：赵丽琴 liqinzhao_618@163.com Department of Statistics by Zhaoliqin * About this Course Textbook: Jeffrey M. Wooldridge, Introductory Econometrics—A Modern Approach. Main Software: Eviews. Sample data can be acquired from internet. If time permitted, R commands will be introduced. Department of Statistics by Zhaoliqin * Assessment Based on: Final examination will count for 90% of the final mark. Five written assignments demand to be finished. Only the four best assignments will count and the mark of each assignment will count for 2.5% of the final mark. Mark of laboratory course depended on one essay . Department of Statistics by Zhaoliqin * 1 The Nature of Econometrics and Economic Data Department of Statistics by Zhaoliqin * 1.1 What is Econometrics? Literal meaning is“measurement in economics”. Economic Theory suggests interesting relations between variables, often with policy implications, but does not estimate the magnitudes of effects. Department of Statistics by Zhaoliqin * Definition Econometrics is based upon the development of statistical methods for estimating economic relationships, testing economic theories, and evaluating and implementing government and business policy. Department of Statistics by Zhaoliqin * For instance a model of human capital investment implies that more education should lead to higher earnings: Earnings=f( Education) But what is the form of f( Education)? Department of Statistics by Zhaoliqin