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Welcome to Econometrics !

ECON 803 Sections 10 & 11

Fall 2011

Econ 803 Section 10: Tuesdays and Thursdays 9:30 to 10:45 in 223 Gore

Econ 803 Section 11:Tuesdays and Thursdays 11:00 to 12:15 in  223 Gore

 

 

 

Communications: This is a web-assisted course; all information for the course, including the syllabus, assignments, and study aids will be posted on this site. Printed materials will not be handed out in class. It is the responsibility of each student to download and print needed materials from the web site. The syllabus may be updated and changed periodically; you should check it at frequently. I will send you an e-mail when there is a major change or update. You are responsible for checking your e-mail frequently and for using the course web site as needed. Your grades will be available on Sakai. I will tell you when grades have been posted there.

Because I use the University's automatically generated e-mail lists which can only include University e-mail addresses, I can only use your University e-mail address, so do not ask me to change yours to gmail, AOL or Yahoo or any other. You can set up a forwarding instruction that will automatically forward your University e-mail to any account you choose.

See http://www.udel.edu/topics/e-mail/webmaildirect/keepcopy.html


Topics on This Page 

Academic Integrity 

Class Participation  

Exams  

Grading  

Homework Assignments  

Professor Contact Information  

Syllabus  

Texts  


Links to Other Pages in the Course Web


 

Professor:  William Latham    (pronounced "LAy thum")

E-mail: latham@udel.edu (best way to contact me)

Office telephone (with voice mail): 302-831-6846

Home telephone (with voice mail): 302-731-1464

Office: 316B Purnell Hall

Office hours: Days, evenings and week-ends by appointment. See me before or after class, e-mail, or call for an appointment.

 

 

 

 

 

 

                                                                                                                                                                                                                

                                                                               

 

Text: Basic Econometrics, 5th edition

Damodar N. Gujarati, Professor Emeritus, United States Military Academy
Dawn C. Porter, University of Southern California
ISBN: 0073375772
Copyright year: 2009

Table of Contents: Parts I and II will be covered in the course

Introduction

Part I Single-Equation Regression Models

Chapter 1 The Nature of Regression Analysis
Chapter 2 Two-Variable Regression Analysis: Some Basic Ideas
Chapter 3 Two-Variable Regression Model: The Problem of Estimation
Chapter 4 Classical Normal Linear Regression Model (CNLRM)
Chapter 5 Two-Variable Regression: Estimation and Hypothesis Testing
Chapter 6 Extensions of the Two-Variable Linear Regression Model
Chapter 7 Multiple Regression Analysis: The Problem of Estimation
Chapter 8 Multiple Regression Analysis: The Problem of Inference
Chapter 9 Dummy Variable Regression Models


Part II Relaxing the Assumptions of the Classical Model

Chapter 10 Multicollinearity: What Happens if the Regressors Are Correlated
Chapter 11 Heteroscedasticity: What Happens if the Error Variance Is Nonconstant?
Chapter 12 Autocorrelation: What Happens if the Error Terms Are Correlated
Chapter 13 Econometric Modeling: Model Specification and Diagnostic Testing

 

Supplemental text especially for Finance students (not ordered for course you would need to find it for yourself):

Introductory Econometrics for Finance Availaable in paperback and for the Kindle.

 

 

 

 

The Wall Street Journal (not required, but highly recommended):

WSJ student subscriptions also include WSJ.com. Go https://users1.wsj.com/registration and select student  at the top, then follow the instructions to to obtain a subscription. 

 

 

 

EViews    Eviews 7.0 is the software that will be used in the course. No other software is an adequate substitute, including Eviews 4. Eviews is installed on the computers in the college's computer labs in the basement of Purnell Hall. The computer labs have many computers and are open many hours each week, but at popular times and when classes are using the labs, you may not be able to use Eviews there. It is your responsibility to be sure that you get to the lab when you can get in and that have sufficient time to complete all assignments using EViews by the time they are due.  

You may also purchase a personal copy of the full version of EViews to install on your own computer (you can install your copy of Eviews on up to 3 computers). The student version is NOT adequate.  To order EViews you need to download the signed order form by clicking below, fill it in with your information and fax it to EViews as instructed on the form.  Signed EViews order form.

 

Exams: There will be three tests: worth 15 percent , 20 percent, and 30 percent (the third is the comprehensive final exam that will be given during finals week).

 

Homework assignments: There will be nine homework assignments during the course worth a total of 30 percent.  The first 3 assignments are graded only as "+", "ok",  "-" , or "0".The 6 graded assignments will be worth 5.0% each in establishing your basic homework letter grade (A+, A, A-, etc.).  Your overall homework grade will be this grade adjusted for the level of your performance on the 3 ungraded assignments. Your letter grade will be increased or decreased depending on the number of + and - grades you received based on my judgment alone.

Assignments are due at the start of your class on the due date. Each 24-hour period or part after the start of your class will lower your grade by one letter grade or category. Thus an assignment that was due on Tuesday but was not turned in until after class on Thursday would be penalized 3 letter grades or categories: if its content was such that it would receive an A without penalty, it  would receive a D with the 3 letter grade penalty. Late assignments can be taken to the Department of Economics office and given to a secretary who can be asked to note the time and date on your paper. If the Economics Department office is closed, you can fax your assignment to the Department Office or you can send it to me as an e-mail attachment, both of which will automatically result in the time of your submission being recorded

 

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Class participation (5%) Your class participation grade will be based on Professor Latham's subjective evaluation of the quality and quantity of your contributions to the class.  You may contribute to the class best by asking and answering questions and participating in discussions in ways that demonstrate that you have read the material assigned before class, attempted to work the problems assigned, and have thought about the subject matter. I encourage you to work in groups to refine and share your understanding of the course concepts.

Class Attendance and Participation: I expect you to come to class on time and prepared for the class (reading and homework assignments completed).  My evaluation of the quantity and quality of your class participation will constitute 5% of the final grade in the course.  In each class you may volunteer or you may be called on by name. I will often record my evaluation of your contribution using a simple ++, +, /, 0 system (++ will be for contributions that show preparation, understanding of the course concepts and an attempt to apply them; + will be for positive contributions; / will be for valid attempts to contribute to the class; 0 will be for notably unhelpful or unresponsive contributions and will also be assigned as the class participation grade for unexcused absences.

I expect you to attend every class unless you have made arrangements with me to miss the class.  Please contact me as soon as you know you will miss a class. If you believe an absence should be excused, it is your responsibility to submit your justification in writing with any supporting information (e.g., a note from a doctor or your coach). You are personally responsible for the material covered in every class whether you are present or not and should obtain class notes from a classmate if you miss a class.

 

 

During class all electronic devices (telephones, pagers, games, etc.) must be turned to their full off position (not just silent or vibrating) and put out of sight.

 

 

Hats worn to class must be removed or turned around so that their bills do not obscure your face.

 

 

Academic Integrity: The faculty of the Department of Economics are strongly committed to upholding the University policy on academic dishonesty. You are responsible for knowing and abiding by this policy. Details of the policy are stated in the official UD Student Guide to University Policies in the Academic Integrity section. It can be found online at http://www.udel.edu/stuguide/11-12/code.html.  This policy will apply to every quiz, examination, homework assignment, and paper in the course. Violations will not be tolerated.  Mere possession of any electronic communications device (telephone, pager, Blackberry, etc.), whether it is turned on or off, unless it is inside of a closed (zipped or buttoned) bag that is not part of, or attached to, an individual's clothing during an exam or quiz will be treated as prima facie evidence of cheating. This means that if you have a device in your pocket or attached to your belt, whether you are seen using it or not, you will be presumed to have cheated. The moment you are found with any device you will be asked to leave the exam. The safest thing for you to do is to leave all electronic devices, including calculators, elsewhere.

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Student certification for Econometrics 803, Fall 2011

 To remain in the course you must copy the statement below only, paste it into an e-mail to Professor Latham (latham@udel.edu), type in "Certification-Section#010 (or 011)-LASTNAME, FIRSTNAME" in the Subject, and send it to him.

Sending this e-mail affirms that I have read the preceding description of the course requirements, rules and procedures above and agree to be bound by them. I have also reviewed the syllabus below including all dates for exams and assignments and agree to be bound by them.


Preliminary Syllabus:

The syllabus will develop during the semester. I will send you e-mails when significant changes are made and posted.  

 

Class Session

 

Date

Chapter

Assignment

 

Other Activities

1

8/30

Introduction

 

2

9/1

Chapter 1

 

3

9/6

Chapter 2

Classes will be in computer labs in basement of Purnell: 022 PRN

4

9/8

Chapter 3

 
  9/11-Sunday  

Optional help session in 028 PRN for EViews  7:00 - 9:00  pm

  9/12-Monday   Optional help session in 028 PRN for EViews  7:00 - 9:00  pm

5

9/13  

Classes will be in computer labs in basement of Purnell: 028 PRN 

  9/14-Wednesday   Optional help session in 022 PRN for EViews  7:00 - 9:00  pm

6

9/15

Chapter 4

Assignment 1 is due.

7 9/20 Chapter 5  

8

9/22

 

 

9

9/29

 

 

10

9/29

 

Assignment 2 is due.

Sampling Distribution of Estimated Parameters Program  

11

10/4

 

 

12 10/6 Chapter 6

Exam 1 Ch 1-5

13

10/11   Assignment 3 is due. Test hypotheses, and form confidence intervals

 

14

10/13

Chapter 7

 

15

10/18

  

Assignment 4 is due.

16

10/20 Chapter 8

 

17

10/25    

18

10/27

Chapter 9

 

19 11/1    
20 11/3  

Chapter 10

 

21

11/8

 

Assignment 5 is due; Exam 2 Ch 6-10

22

11/10

Chapter 11

 

23

11/15

   
24

11/17

  Assignment 6 is due.
25

11/22

   
26

11/29

Chapter 12

Assignment 7 is due.
27 12/1    
28

12/6

Chapter 13

Assignment 8 is due

 

     

 

12/14

NO CLASS Assignment 9 is due
  TBA Final Exam

Between 12/9 & 12/16

Ch 11- 13 + Material on Exams 1 & 2

 

 

 

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