Students taking this course are able to
- describe weakly and strictly exogenous explanatory variables;
- understand the consequences and remedies of serial correlation and heteroskedasticity in time series regressions;
- be familiar with the desirable properties and limitations of commonly used panel data methods;
- learn the specialized statistical package GRETL;
- know the consequences of the presence of a unit root and cointegration in time series regressions;
- comprehend how to perform an analysis of forecasting economic variables.