AØKK08106U Seminar: Advanced Microeconometrics
MSc of Economics
The seminar is primary for students at the MSc of
Economics
This seminar is intended for students following the course Advanced Microeconometrics in order to supplement the course with hands-on experience in programming and estimating advanced microeconometric models. Taken in conjunction with the course, the students will be well prepared to conduct empirical research using modern tools that are also transferable and becoming increasingly used and demanded outside of academia. This seminar replaces the previous option of writing a term paper in connection with the Advanced Microeconometrics course.
The course in Advanced Microeconometrics provides the necessary training in analyzing microeconometric problems and basic programming of estimators using MATLAB. Therefore, most of the lectures and exercise classes in Advanced Microeconometrics need to be completed before the econometric analysis for the seminar can be conducted – the scheduling of the class and the seminar will take this into account.
- Pose a focused economic research question (inspired, for example, by an already published paper)
- Find data that can be used to answer the question
- Estimate relevant models and test hypotheses using methods discussed in the course
- Program the estimators applied in the paper using MATLAB
- Investigate the properties of the estimators and tests using Monte Carlo techniques
- Write a short and focused seminar paper
- Make an oral presentation of the economic problem, econometric model and the actual implementation in MATLAB
- Discuss an empirical strategy as opponent
Jeffrey Wooldridge (2010), "Econometric Analysis of Cross Section and Panel Data", Second Edition, MIT Press. chapters 10-17, 19 and 21.
Pre-requisites are Econometrics A-C
Some consulting meetings at the same time as the lecturs of the course Advanced Microeconometrics in November/December can be possible. Exact dates is decided and informed by the teacher during the semester.
The students are required to e-mail the lecturer a project description in the beginning of November and hand-in their final seminar paper in the beginning of December. About the 10 and 11 December 2015, a workshop will be held. At the workshop, students present their seminar paper in front of the class and each group will be assigned to be opponent to another group in order to facilitate a discussion of the empirical strategy.
For the coding phase and – in particular – for bug fixing, it is strongly encouraged that students form groups of 2-3 persons. It is possible to freely choose the topic and estimation method within microeconometrics. However, as the projects in practice are initiated at a fairly late stage of the semester and since the coding is likely to be time-consuming, it is recommended to focus on replicating (and extending) the analysis of an existing paper rather than setting up a new research question. Data can often be found accompanying published papers on the website of the authors or the journal. The focus of the opponents will be to discuss the empirical strategy and, ideally, how to improve it.
It is usually the case that projects are initiated in the beginning of November, so the workload is high from mid-November to mid-December.
More information about seminars at
https://intranet.ku.dk/economics_ma/study_programme/seminars/Pages/default.aspx
- Category
- Hours
- Exam
- 0,6
- Project work
- 200
- Seminar
- 6
- Total
- 206,6
- Credit
- 7,5 ECTS
- Type of assessment
- Written assignmentOral examination, 35 min under invigilationA written seminar paper and a 25 minuts oral presentation for the others participans at the seminar and 10 minuts discussion.
The seminar paper is handed-in in the beginning of December. A week later (around mid-December), a seminar workshop is arranged. - Exam registration requirements
Attendance on the seminar. The mandatory commitment paper and seminar paper have been handed in at deadline.
- Aid
- All aids allowed
Al aids for the written seminarpaper.
For the oral presentation: Informed by the teacher.
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
up to 20 % censorship at the seminarpaper
- Exam period
The seminar paper is handed-in in the beginning of December. Exact dates is decided and informed by the teacher during the semester.
- Re-exam
As ordinary.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
Course information
- Language
- English
- Course code
- AØKK08106U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 semester
- Placement
- Autumn
- Schedule
- Autumn (36-50)
- Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Course responsibles
- Daniel le Maire (15-6a67746f6b7234726b3473676f786b466b69757434717b346a71)
- Anders Munk-Nielsen (19-6b786e6f7c7d38777f78753778736f767d6f784a6f6d797838757f386e75)