Indian Institute of Technology Guwahati

Proposal for a New Course

Course Number & Title: BM711H – Econometric Methods
L-T-P-C: 3-0-0-6
Course Content / Syllabus:

Introduction to Econometrics; Basics of regression analysis, concepts and assumptions; Multiple Regression Analysis; Multicollinearity and inference; Heteroscedasticity; Autocorrelation; Miss-specification Errors; Qualitative variables, dummy variable regression; Introduction to time series analysis; Instrumental variable and 2 Stage Least Squares (SLS); Binary/Multinomial response models, introduction to logit, probit, tobit, multinomial logit/probit; Heckman selection models; Panel data analysis, fixed effects, random effects, panel VAR, panel cointegration.

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