ECON 490 K3 - Topics in Economics - Nonlinear Econometric Models
Special topics in advanced economics within a variety of areas. See course schedule for topics. Course Information: 3 undergraduate hours. 4 graduate hours. May be repeated in the same or separate terms to a maximum of 9 undergraduate hours or 8 graduate hours if topics vary. Prerequisite: ECON 202; ECON 302 or ECON 303; MATH 220 or MATH 221 or other Calculus course. Some topics may require additional prerequisites, read the section text for each topic.
**RESTRICTION INFO: https://go.economics.illinois.edu/SpringRestrictions **DESCRIPTION: Duration analysis is used to address a wide range of questions relevant for policy organizations, central banks, the financial sector, and industry generally. Examples of these questions include: what is the probability that an individual will exit unemployment this week, given he has been unemployed for the past eight weeks; what is the probability that an individual defaults on their mortgage this month given they have not defaulted for the past 12 months; what is the probability that a firm adopts a new technology this year conditional on not having adopted for the past 3 years, and how does this depend on the firm-s market share. The goal of this course is to develop the tools to understand, estimate, and interpret duration analysis models-statistical models used to analyze duration data. Students will gain practical experience organizing data and writing code for statistical software to es
Option 1Number of Required Visit(s): 0
Course Level: Graduate