2021-2022 / ECON2302-1

Introduction to statistical methods applied to economics

Duration

30h Th, 15h Pr

Number of credits

 Master in economics : general (60 ECTS)5 crédits 

Lecturer

Bernard Lejeune

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

  • Introduction : economics and econometrics
  • Probability reminders
  • The simple linear regression model
  • Interval estimation and hypothesis testing
  • Prediction, coefficient of determination, units of measurement and functional form
  • The multiple linear regression model
  • F-test, collinearity and specification issues
  • Dummy variables

Learning outcomes of the learning unit

To familiarize students with basic econometrics concepts and methods, without relying on matrix calculus

Prerequisite knowledge and skills

  • Multivariable calculus
  • Probability and statistical inference

Planned learning activities and teaching methods

Mode of delivery (face to face, distance learning, hybrid learning)

  • Theoretical course : summary presentations and exercises.
  • Practical exercises : computer based exercises (software: GRETL)

Recommended or required readings

  • Hill R.C. et al. (2011), Principles of Econometrics, 4th edition, John Wiley and Sons

Assessment methods and criteria

Any session :

- In-person

written exam

- Remote

written exam AND oral exam

- If evaluation in "hybrid"

preferred remote


Additional information:

Written exam + practical exam on computer + course participation

Work placement(s)

Organizational remarks

Contacts

Professor : B. LEJEUNE, building B31, office R.41, email: b.lejeune@uliege.be
Teaching assistant : I. SALEM, building B31, office 1.30, email: iman.salem@uliege.be