ECON 490 E3 - 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.
Nonlinear Econometric Models: 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 estimate these models and better understand economic phenomen
Option 1Number of Required Visit(s): 0
Course Level: Graduate