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A full course in econometrics - undergraduate level - part 1

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What you'll learn

This course includes

  • 18.3 hours of video
  • Certificate of completion
  • Access on mobile and TV

Course content

1 modules • 199 lessons • 18.3 hours of video

A full course in econometrics - undergraduate level - part 1

199 lessons • 18.3 hours
  • Undergraduate econometrics syllabus06:55
  • What is econometrics?07:46
  • Econometrics vs hard science07:11
  • Natural experiments in econometrics05:26
  • Populations and samples in econometrics05:49
  • Estimators - the basics03:04
  • Estimator properties05:22
  • Unbiasedness and consistency05:57
  • Unbiasedness vs consistency of estimators - an example04:09
  • Efficiency of estimators02:47
  • Good estimator properties summary02:13
  • Lines of best fit in econometrics06:32
  • The mathematics behind drawing a line of best fit05:26
  • Least Squares Estimators as BLUE07:19
  • Deriving Least Squares Estimators - part 105:02
  • Deriving Least Squares Estimators - part 206:07
  • Deriving Least Squares Estimators - part 304:16
  • Deriving Least Squares Estimators - part 403:16
  • Deriving Least Squares Estimators - part 504:13
  • Least Squares Estimators - in summary04:52
  • Taking expectations of a random variable07:28
  • Moments of a random variable03:52
  • Central moments of a random variable04:17
  • Kurtosis05:21
  • Skewness04:57
  • Expectations and Variance properties05:19
  • Covariance and correlation05:56
  • Population vs sample quantities02:25
  • The Population Regression Function06:44
  • Problem set 1 - estimators introduction02:48
  • Gauss-Markov assumptions part 105:22
  • Gauss-Markov assumptions part 204:40
  • Zero conditional mean of errors - Gauss-Markov assumption02:57
  • Omitted variable bias - example 104:47
  • Omitted variable bias - example 205:30
  • Omitted variable bias - example 303:36
  • Omitted variable bias - proof part 104:01
  • Omitted variable bias - proof part 206:09
  • Reverse Causality - part 105:24
  • Reverse Causality - part 204:27
  • Measurement error in independent variable - part 105:27
  • Measurement error in independent variable - part 204:08
  • Functional misspecification 105:33
  • Functional misspecification 206:25
  • Linearity in parameters - Gauss-Markov02:06
  • Random sample summary - Gauss-Markov03:57
  • Gauss-Markov - explanation of random sampling and serial correlation06:05
  • Serial Correlation summary05:49
  • Serial Correlation - as a symptom of omitted variable bias04:44
  • Serial Correlation - as a symptom of functional misspecification03:25
  • Serial Correlation - caused by measurement error02:33
  • Serial correlation biased standard errors (advanced topic) - part 103:55
  • Serial correlation biased standard errors (advanced topic) - part 204:28
  • Heteroskedasticity summary04:06
  • Heteroskedastic errors - example 104:30
  • Heteroskedasticity - example 204:19
  • Heteroskedasticity caused by data aggregation (advanced topic)06:37
  • Perfect collinearity - example 103:41
  • Perfect collinearity - example 203:23
  • Multicollinearity05:17
  • Index - where we currently are in the overall plan of econometrics03:03
  • Gauss-Markov proof part 1 (advanced)04:02
  • Gauss-Markov proof part 2 (advanced)07:04
  • Gauss-Markov proof part 3 (advanced)05:05
  • Gauss-Markov proof part 4 (advanced)04:27
  • Gauss-Markov proof part 5 (advanced)05:11
  • Gauss-Markov proof part 6 (advanced)03:44
  • Errors in populations vs estimated errors04:03
  • Sum of squares04:08
  • R squared part 104:45
  • R squared part 206:23
  • Degrees of freedom part 103:30
  • Degrees of freedom part 2 (advanced)06:01
  • Overfitting in econometrics05:14
  • Adjusted R squared04:53
  • Unbiasedness of OLS - part one04:48
  • Unbiasedness of OLS - part two05:46
  • Variance of OLS estimators - part one07:10
  • Variance of OLS estimators - part two03:08
  • Estimator for the population error variance05:18
  • Estimated variance of OLS estimators - intuition behind maths03:52
  • Variance of OLS estimators in the presence of heteroscedasticity04:06
  • Variance of OLS estimators in the presence of serial correlation06:00
  • Gauss Markov conditions summary of problems of violation04:17
  • Estimating the population variance from a sample - part one06:56
  • Estimating the population variance from a sample - part two05:15
  • Problem set 2 - OLS introduction - NBA players' wages02:27
  • Hypothesis testing06:57
  • Hypothesis testing - one and two tailed tests04:58
  • Central Limit Theorem07:09
  • Hypothesis testing in linear regression part 108:43
  • Hypothesis testing in linear regression part 208:04
  • Hypothesis testing in linear regression part 306:18
  • Hypothesis testing in linear regression part 408:24
  • Hypothesis testing in linear regression part 505:41
  • Normally distributed errors - finite sample inference11:09
  • Tests for normally distributed errors06:02
  • Interpreting Regression Coefficients in Linear Regression05:41
  • Interpreting regression coefficients in log models part 105:04
  • Interpreting regression coefficients in log models part 204:40
  • The benefits of a log dependent variable06:37
  • Dummy variables - an introduction04:47
  • Dummy variables - interaction terms explanation04:36
  • Continuous variables - interaction term interpretation04:54
  • The F statistic - an introduction10:15
  • F test - example 107:07
  • F test - example 206:19
  • F test - the similarity with the t test04:39
  • The F test - R Squared form07:06
  • Testing hypothesis about linear combinations of parameters - part 105:00
  • Testing hypothesis about linear combinations of parameters - part 204:45
  • Testing hypothesis about linear combinations of parameters - part 304:57
  • Testing hypothesis about linear combinations of parameters - part 406:15
  • Confidence intervals04:32
  • The Goldfeld-Quandt test for heteroscedasticity09:44
  • The Breusch Pagan test for heteroscedasticity09:31
  • The White test for heteroscedasticity07:40
  • Serial correlation testing - introduction05:09
  • Serial correlation - The Durbin-Watson test06:18
  • Serial correlation testing - the Breusch-Godfrey test08:03
  • Ramsey RESET test for functional misspecification07:25
  • Gauss-Markov violations: summary of issues12:01
  • Heteroscedasticity: as a symptom of omitted variable bias - part 112:29
  • Heteroscedasticity: as symptom of omitted variable bias - part 205:25
  • Serial correlation: a symptom of omitted variable bias05:51
  • Heteroscedasticity: dealing with the problems caused08:56
  • Problem set 3 - Presidential election data - hypothesis testing and model selection03:19
  • Weighted Least Squares: an introduction09:42
  • Weighted Least Squares: mathematical introduction06:33
  • Weighted Least Squares: an example05:37
  • Weighted Least Squares in practice - feasible GLS - part 105:30
  • Weighted Least Squares in practice - feasible GLS - part 204:46
  • How to address the issue of serial correlation03:36
  • GLS estimation to correct for serial correlation04:56
  • fGLS for serially correlated errors05:33
  • Instrumental Variables - an introduction13:35
  • Endogeneity and Instrumental Variables06:30
  • Instrumental Variables intuition - part 106:00
  • Instrumental Variables intuition - part 204:33
  • Instrumental Variables example - returns to schooling08:24
  • Instrumental Variables example - classroom size04:17
  • Instrumental Variables estimation - colonial origins of economic development07:50
  • Instrumental Variables as Two Stage Least Squares06:42
  • Proof that Instrumental Variables estimators are Two Stage Least Squares04:40
  • Bad instruments - part 106:07
  • Bad instruments - part 205:45
  • Bias of Instrumental Variables - part 106:09
  • Bias of Instrumental Variables - part 203:37
  • Bias of Instrumental Variables - intuition04:41
  • Consistency of Instrumental Variables - intuition04:56
  • Consistency - comparing Ordinary Least Squares with Instrumental Variables05:46
  • Inference using Instrumental Variables estimators05:45
  • Multiple regressor Instrumental Variables estimation05:28
  • Two Stage Least Squares - an introduction08:25
  • Two Stage Least Squares - example07:29
  • Two Stage Least Squares - multiple endogenous explanatory variables05:16
  • Testing for endogeneity07:31
  • Testing for endogenous instruments - test for overidentifying restriction08:14
  • Problem set 4 - the return to education - WLS and IV estimators03:01
  • Time series vs cross sectional data03:56
  • Time series Gauss Markov conditions04:36
  • Strict exogeneity05:25
  • Strict exogeneity assumption - intuition04:52
  • Lagged dependent variable model - strict exogeneity03:34
  • Asymptotic assumptions for time series least squares05:56
  • Conditions for stationary and weakly dependent series04:37
  • Stationary in mean05:03
  • Spurious regression05:27
  • Spurious regression03:25
  • Variance stationary processes04:11
  • Covariance stationary processes05:31
  • Stationary series summary04:08
  • Weakly dependent time series07:17
  • An introduction to Moving Average Order One processes08:08
  • Moving Average processes - Stationary and Weakly Dependent07:08
  • Autoregressive Order one process introduction and example05:11
  • Autoregressive order 1 process - conditions for stationary in mean03:49
  • Autoregressive order 1 process - conditions for stationary in variance03:12
  • Autoregressive order 1 process - conditions for Stationary Covariance and Weak Dependence05:49
  • Autoregressive vs Moving Average Order One processes - part 103:49
  • Autoregressive vs Moving Average Order One processes - part 204:29
  • Partial vs total autocorrelation06:20
  • A Random Walk - introduction and properties06:01
  • The qualitative difference between stationary and non-stationary AR(1)07:57
  • Random walk not weakly dependent03:00
  • Random walk with drift05:04
  • Deterministic vs stochastic trends05:07
  • Dickey Fuller test for unit root05:49
  • Augmented Dickey Fuller tests05:01
  • Dickey fuller test with time trend04:51
  • Highly persistent time series06:13
  • Integrated order of processes04:05
  • Cointegration - an introduction06:11
  • Cointegration tests06:29
  • Levels vs differences regression - motivation for cointegrated regression06:23
  • Leads and lags estimator for inference in cointegrated models (advanced)07:42
  • Lagged independent variables06:22
  • Problem set 5 - an introduction to time series02:27
  • Mean and median lag06:44

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