Statistics and Econometrics

This is a complete listing of all economics courses. Not all courses are offered each year.
Click here for a list of currenly offered courses.

14.381 Statistical Methods in Economics
Prereq: 18.02, permission of instructor
Introduction to probability and statistics as background for advanced econometrics and introduction to the linear regression model. Elements of probability theory; sampling theory; asymptotic approximations; decision-theory approach to statistical estimation focusing on regression, hypothesis testing; and maximum-likelihood methods. Simple and multiple regression, estimation and hypothesis testing. Illustrations from economics and application of these concepts to economic problems. Class size limited.

14.382 Econometrics I
Prereq: 14.381, permission of instructor
Regression analysis, focusing on departures from the standard Gauss-Markov assumptions, and simultaneous equations. Regression topics include heteroskedasticity, serial correlation, and errors in variables, generalized least squares, nonlinear regression, and limited dependent variable models. Covers identification and estimation of linear and nonlinear simultaneous equations models. Economic applications are discussed.

14.384 Time Series Analysis
Prereq: 14.382 or permission of instructor
Theory and application of time series methods in econometrics, including representation theorems, decomposition theorems, prediction, spectral analysis, estimation with stationary and nonstationary processes, VARs, factor models, stochastic volatility, unit roots, and cointegration. Requires econometrics paper at the end of IAP. Class size limited.

14.385 Nonlinear Econometric Analysis
Prereq: 14.382 or permission of instructor
Micro-econometric models, including large sample theory for estimation and hypothesis testing, generalized method of moments, estimation of censored and truncated specifications, quantile regression, structural estimation, nonparametric and semiparametric estimation, panel data, bootstrapping, and simulation methods. Methods illustrated with economic applications. Requires econometrics paper at the end of IAP. Class size limited.

14.386 Advanced Topics in Applied Econometrics
Prereq: 14.383
Focuses on recent developments in econometrics. Topics include empirical processes and asymptotic theory, nonparametric and semiparametric estimation, estimation of auction and other structural models, unit webusers and cointegration, and continuous time econometrics. Results illustrated with economic applications.

14.387 Topics in Applied Econometrics
Prereq: 14.383
Covers topics in econometrics and empirical modeling that are likely to be useful to applied researchers working on cross-section and panel data applications.

14.391 / 14.392 Workshop in Economic Research
Prereq: 14.124 or 14.454
Can be repeated for credit
Develops research ability of students through intensive discussion of dissertation research as it proceeds, individual or group research projects, and critical appraisal of current reported research. Workshops divided into various fields, depending on interest and size.