Professor Joyce Jacobsen
Office: 332 PAC
Email: jjacobsen@wesleyan.edu
Phone: 8606852357
(o), 8603448514 (h), 8608366022
(mobile)
Office hours:
available by appointment and walkin whenever door is open
Course Assistant: Tuan Nguyen Viet
Purpose: This is an advanced course designed primarily for economics majors who have a solid math background and good comprehension of the material covered in Econ 300. We will revisit the material on regression that was introduced in the last third of Econ 300 in more rigorous fashion, and then consider various extensions of the basic regression model that have proved useful to economists. By the end of the course, you should: (1) have a deeper understanding of the fundamental statistical assumptions and methods employed in empirical economic research; (2) be able to read much of the empirical economics literature and construct relevant critiques of the data and methodology employed in contemporary economic research; (3) be able to carry out your own relatively sophisticated empirical analyses of economic data. This course is useful preparation for those of you interested in working in economics and financerelated areas, including those students considering graduate school. We will not have time to cover all potentially relevant material, but will discuss research strategies so that you will be able to identify relevant topics on your own for course projects and for future work.
Classes: I announce
assigned reading and hand out assignments in class, and post
notices (and assignments) on the webpage as well. You are
responsible for all assigned reading whether or not the
material is covered explicitly in class. In the lectures I
will focus on the most important topics as well as on those
that are more difficult to comprehend. I will assume
that you have read the relevant text before the corresponding
class. Please ask questions as they arise. Please feel free to
comment on the level, pace, and content of the course as it
progresses.
Computer Workshops:
Manolis Kaparakis will offer a series of three workshops in
ALLB 204 on use of the statistics software package STATA,
which is the package we will support for the course (times are
shown in the schedule). QAC tutors are available for
assistance in ALLB 108 throughout the semester (MTh 35:30
and 710:30 pm, Fr 35:30 pm, Sun 610:30 pm).
Readings: There are
two texts: Wooldridge, Introductory
Econometrics,
5th edition, and Kennedy, A Guide to Econometrics, 6th edition. Both
books are available on library reserve and at the
bookstore. There is an incomplete
version
of
Kennedy available through Google Books (randomly missing
pages). Additional short items will be handed out
occasionally. We may discuss some of the papers
presented in the economics department seminar series.
Data: All data files needed to complete
the problem sets are available at P:\QAC\econ385. The
materials from the computer workshops will be filed there as
well.
Coursework and Grades: There will be eleven homework assignments, a midterm, a project, and a final exam. Both tests are openbook, opennotes. The weights of the different course components in your course grade are:
Assignments 
25% 
Midterm (March 4) 
25% 
Project (May 6; automatic extension to May 11, 6 pm) 
25% 
Final Exam (May 15, 2  5 pm) 
25% 
100% 
Assignments will be handed out Mondays and due by 6 pm Friday. They can be dropped off in the Econ 385 slot in the alcove next to the economics department office. Assignments handed in late will be penalized unless an agreement is made ahead of time with me.
Honor Code: All work
handed in must be your own. This does not mean that you must
refrain from discussing problems with other students as an aid
to understanding the material, but it does preclude copying
other students' work. You are expected to discourage such
behavior on the part of others. This distinction is generally
clear enough to make in practice; when in doubt, please
discuss it with me.
Disabilities Services: Students who
request accommodations are required by the Dean's office to
provide documentation outlining their needs and to meet with
Dean Patey to discuss their needs. Then please come talk to me
early in the semester so we can work out accommodation
specifics.
Credit/Unsatisfactory Provisos: You have
to get a D or better in order to get credit for the
course. If you are taking the course on a
credit/unsatisfactory basis, if you complete three of the four
course components satisfactorily, you can skip the other
component.

Reading/Activity 


Kennedy p. xii, Ch. 1 pp.
15 (notes on pp. 610 are optional; I recommend section
1.1) Wooldridge Ch. 1 pp. 112 (section 1.4 pp. 1216 optional but recommended) Wooldridge Appendix A (really basic but important, particularly section A.4) Wooldridge Appendix B Wooldridge Appendix C, sections C.1C.2, C.5C.7 (can skim C.5 and C.6) optional discussion of Bayesian school: Kennedy Ch. 14 
assignment #1 (due F 1/30/15) 
W1/28/15 
Wooldridge Appendix C,
section C.3 

M 2/2/15 
Wooldridge Appendix D Wooldridge Appendix C, section C.4 Wooldridge Ch. 2, sections 2.12.2 
assignment
#2 (due F 2/6/15) 
T 2/3/15 
Stata Workshop #1, Intro to
Stata, 4:306:00 in ALLB 204 

W 2/4/15 
Wooldridge Ch. 2, sections
2.32.6 and Appendix 2A Wooldrige Appendix E, section E.1 

W 2/4/15 
Stata Workshop #1, Intro to
Stata, 7:008:30 in ALLB 204 

M 2/9/15 
Wooldridge Ch. 3, start it  assignment
#3 (due F 2/13/15) 
W 2/11/15 
Wooldridge Ch. 3, rest of
it including the appendix Wooldridge Appendix E, section E.2 Kennedy pp. 2122 (section 2.9) (notes on pp. 2930, 3638 are optional; I recommend pp. 3637) 

M 2/16/15 
Wooldridge Ch. 4, sections 4.14.3 Wooldridge Appendix E, section E.3 
assignment
#4 (due F 2/20/15) 
T 2/17/15 
Stata Workshop #2, Regression with Stata, 4:306:00 in ALLB 204  
W 2/18/15 
Wooldridge Ch. 4, sections 4.44.5 Kennedy Ch. 2 pp. 1118, Ch. 3 pp. 4044, Ch. 6 pp. 9394 

W 2/18/15 
Stata Workshop #2, Regression with Stata, 7:008:30 in ALLB 204  
M 2/23/15 
Kennedy Ch. 4 pp. 5158 (can also use Wooldridge Ch. 5 pp.
178179, Ch. 17 pp. 588589, and Appendix E p. 818 to
review nonlinear restriction tests) Wooldridge Ch. 6 (skim it; we'll cover parts of section 6.3 and 6.4 in class), excluding the appendix Wooldridge Ch. 7, sections 7.17.4 (skim them; we'll cover pp. 245248 in class) 
assignment
#5 (due F 2/27/15) 
W 2/25/15 
Kennedy Appendix C (optional) Wooldridge Ch. 5, sections 5.15.3 Kennedy Ch. 3 pp. 4142 Kennedy Ch. 6 pp. 9399 Kennedy Ch. 7 
midterm
review handout old midterm and answers even older midterm and answers 
M 3/2/15 
anything we hadn't gotten to yet from last Wednesday 
assignment
#6 (due F 3/27/15) project handout 
W 3/4/15 
midterm and answers  
M 3/23/15 
Wooldridge Ch. 8, sections
8.18.4 Kennedy Ch. 8 pp. 112121 (related notes optional) Wooldridge Ch. 10 (skim it; we'll cover parts of sections 10.2, 10.3, and 10.5 in class) 

W 3/25/15 
Wooldridge Ch. 12, sections 12.112.2  Craighead
paper 
M 3/30/15 
Kennedy Ch. 18 Wooldridge Ch. 13 (skim it; we'll cover parts of sections 13.113.3, 13.5, and the appendix in class) Wooldridge Ch. 14, sections 14.114.2 and the appendix 
assignment
#7 (due F 4/3/15) papers used for assignment #6 pages from GrossmanImai paper 
T 3/31/15 
Stata Workshop #3, Basic Time Series and Panel Data with Stata, 4:306:00 in ALLB 204  
W 4/1/15 
Wooldridge Ch. 15, sections 15.1, 15.3  pages from ZhaoJacobsen paper 
W 4/1/15 
Stata Workshop #3, Basic Time Series and Panel Data with Stata, 7:008:30 in ALLB 204  
M 4/6/15 
Wooldridge Ch. 17, sections 17.117.2, appendix 17A Kennedy Ch. 16 
assignment
#8 (due F 4/10/15) seminar paper pages 
T 4/7/15 
project proposals due by 6 pm  
W 4/8/15 
Wooldridge Ch. 9 Kennedy Ch. 5 optional discussion of how to do an empirical project: Wooldridge Ch. 19 

M 4/13/15 
Kennedy Ch. 12 Wooldridge Ch. 14, sections 14.314.4 
assignment
#9 (due F 4/17/15) wikipedia: the Hausman test wikipedia: LAD wikipedia: quantile regression 
W 4/15/15 
Wooldridge Ch. 11, sections 11.111.3 
CongdonHohman
paper JacobsenRayack paper 
M 4/20/15 
Wooldridge Ch. 12, sections 12.312.6  assignment
#10 (due F 4/24/15) Tbill graphs 
W 4/22/15 
Kennedy Ch. 19 Kennedy Ch. 10, pp. 160163 Wooldridge Ch. 18 (skim it; we'll cover parts of sections 18.118.4 in class) 
Andrews seminar announcement StockWatson paper pages from JacobsenKhamisYuksel paper 
M 4/27/15 
Wooldridge Ch. 15, 15.215.8 (just skim sections 15.4 and
15.615.8) Kennedy Ch. 9 (notes optional, but technical notes to section 9.2 recommended) Kennedy Ch. 8, pp. 122123 (and related notes) Kennedy Ch. 10, pp. 157160 
assignment
#11 (due F 5/1/15) 
W 4/29/15 
Wooldridge Ch. 16, 16.116.6 (just skim sections
16.516.6) Kennedy Ch. 11 

M 5/4/15 
Wooldridge Ch. 17, 17.417.5 Kennedy Ch. 17, pp. 262267 
pages from published
JacobsenKhamisYuksel paper 
W 5/6/15 
course review  project due (automatic
extension to M 5/11/15 at 6 pm) pages from JacobsenLevinTausanovich paper final review handout essay questions for final old final even older final 
F 5/15/15 
final 