Ecotrix Handout
Ecotrix Handout
Pilani Campus
AUGS/ AGSR Division
5. Course Plan
Reference
Module Lecture/Tutorial Learning outcome
Material*
L1
A brief review of Statistical
Understanding of
concepts to be used in
1. The nature & scope of course contents and
Econometrics Course Handout
econometrics, including essential statistical
Discussion on concepts to be Review [TB1]
Review Concepts tools to understand
covered
econometrics
Tutorial 1: Overview of
Statistical Software (STATA/R)
L2–5
Simple Linear Model: Derivation
and Interpretation of Regression
2. The Simple Linear Understand the
Coefficients; The Correlation
Regression Analysis: fundamental
Coefficient; Goodness of Fit; OLS
Simple Linear Model, Chapter 1-2 (TB1) techniques and
Assumptions; Types of Data and
Properties of Regression and Class notes assumptions
Regression Model; Properties of
Coefficients and involving linear
Regression Coefficients; Gauss-
Hypothesis Testing regression
Markov Theorem; F-test
estimation (simple
Tutorial 2: Practice questions on
and multiple),
OLS estimation
interpretation of
L 6-12
coefficients;
Extension of the two-variable
construct
model; Derivation and
appropriate
Interpretation of the multiple
regression
3. Multiple Regression regression coefficients; Properties
specifications, the
Analysis including of the multiple regression Chapter 3 (TB1) and
problem of
Multicollinearity coefficients; Multicollinearity: Class notes
multicollinearity in
Consequences, Detection, &
multiple regression,
Remedial measures
and related concepts
Tutorial 3 & 5: Data
Assignments 1 and 2
Tutorial 4: Quiz 1
L 13 – 14
Basic Procedure; Logarithmic
Understand the
4. Non-Linear Models and Transformation; Non-linear
Chapter 4 (TB1) and transformation of
Transformation of Regression; Comparison Linear
Class notes variables and non-
Variables and Logarithmic Specification
linear models
Tutorial 6: Discussion on
Assignments 1 & 2 by Students
L 15 – 17
Use of Dummy Variable, Slope Introduction of
Chapter 5 (TB1) and
5. Dummy variables Dummy Variable, The Chow Test; binary variables into
Class notes
Practice Questions the regression
Tutorial 7: Data Assignment 3
2
BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE, Pilani
Pilani Campus
AUGS/ AGSR Division
L 18 – 20
Model Specification; Exclusion of
Understand the
Relevant and inclusion of
6. Specification of Chapter 6 (TB1) and specification of
irrelevant variable; Proxy
Regression Variables Class notes regression variables
Variables; Testing of Linear
and model
Restriction
Tutorial 8: Practice Questions
L 21 – 25
Heteroscedasticity and its Identifying and
Implications; Tests for Detection; correcting (if
Chapter 7 (TB1) and
7. Heteroscedasticity Solutions; Prediction possible) the
Class notes
Tutorial 9: Practice problem of
questions/discussion – pre-mid heteroscedasticity
sem exam
L 26 – 29
Model with Stochastic Regressors
& changes in sample properties of Understanding
8. Stochastic Regressors Chapter 8 (TB1) and
OLS estimators; Measurement model with
& Measurement Errors Class notes
errors and instrumental variables stochastic regressors
Tutorial 10 & 11: Data
Assignment 4
L 30 – 33
Introduction to Simultaneous
Equation Models; Simultaneous Understand the
Dependence of Variables and Chapter 9 (TB1), basics of
9. Simultaneous Equations Consequences; Simultaneous Chapters 14-16 simultaneous
Estimation Bias; The Problem of (R5), and Class equation estimation
Identification notes models of
Tutorial 12: Quiz-2 econometrics.
Tutorial 13: Discussion on Data
Assignment 4
L 34 – 37
Logit & Probit Models, Understanding
10. Binary Choice Models Chapter 10 (TB1)
Introduction to Tobit Model and models with dummy
& their Estimation and Class notes
Maximum Likelihood Estimation dependent variable
Tutorial 14: Data Assignment 5
L 38 – 42
11. Introduction to Time- Models using time-series data: Basic understanding
Chapter 11, 12
series data, models, AR, MA, VAR; Autocorrelation: of models & their
(TB1), and Class
estimations, and consequences, detection, & estimation with
notes
Autocorrelation remedial measures time-series data
Tutorial 15: Quiz 3
** Tentatively, it is planned to conduct two workshops/master classes on applications of econometric methods
during the semester by an outside expert(s). The learnings gained from those workshops/master classes will
be a part of the syllabus and evaluatives.
3
BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCE, Pilani
Pilani Campus
AUGS/ AGSR Division
6. Evaluation Scheme
Max. Nature of
Component Max Duration Weightage Tentative Dates*
Marks Component
Quiz – 1# 40 minutes 15 % 30 3rd Feb 2024
Mid-Semester
90 minutes 30 % 60 11th Mar 2024
Examination Closed Book
Quiz – 2# 40 minutes 15 % 30 th
6 April 2024
Quiz – 3 # 40 minutes 15 % 30 27th April 2024
Comprehensive Closed &
180 minutes 40 % 80 6th May 2024
Exam Open Book
# Best two out of three would be considered for final evaluation; * Dates are tentative and subject to
change as per the circumstances.
8. Notices
For course-related announcements, please check your email regularly. The same will also be communicated
during the class. Course-related extra material/notes will be uploaded on NALANDA, as required.
9. Makeup Policy
Makeup for the mid-semester exam and comprehensive examination shall be granted only in genuine cases
after a thorough examination of the makeup application by the IC. The class attendance will also be looked at
while making a decision. Only those requests who have applied before or within two days of the exam would
be entertained for a thorough examination. Please do not make any requests after the application period is
over. Also, no makeup request for the quizzes containing one buffer shall be considered.
10. Note
Quizzes and exams will be conducted during scheduled hours as specified. Changes, if any, will be
communicated well in advance. Please write/check your ID number and name before submitting any
evaluative component/request for evaluation. Failure to do so may result in unevaluated answer sheets.
Instructor-in-charge
ECON F241