Instructions for book exams (Econometrics I and II) / Ohjeita kirjatenteistä (Ekonometria I ja II)

Book exams are for exchange students. Kindly note that despite the name ("Book exam"), you are NOT allowed to use the book when you actually take the exam.

Exchange students: If you would like to take the book exam, you should contact (e.g., by email) International Relations Coordinator at least 4 weeks before the exam date to check whether you are eligible to take the exam.

Other students: If you would like to take the book exam, you should contact (e.g., by email) the examiner (prof. A. Hyytinen) at least 4 weeks before the exam date to check whether you are eligible to take the exam.

Econometrics I

Note: If you are a bachelor or master student at the University of Jyvaskyla and have economics as your major, it is strongly recommended that you participate in the lectures and exercises of this course (lectured each year).

How to prepare for the book exam:

1) Read and study carefully J. H. Stock and M. W. Watson, "Introduction to Econometrics", 2nd (or 3rd) Edition (Pearson), chapters 1-16. The exam focuses on chapters 1-13 of the book, but you should also master the basics of the regression analysis of time series (covered by chapters 14-16).

You should pay special attention to "Review the Concepts" and "Exercises" at the end of each chapter, as they allow you to test how well you master the course material. Questions in the exam will be similar to those of "Review the Concepts" and "Exercises". Note also that you are not allowed to use a formula sheet in the exam. It is difficult to tell where the line goes, but as a general rule, you should be familiar with and able to recall the most important mathematical formulations (e.g. such as those mentioned in SW book's "Key Concepts"-boxes). If more complicated (computational) formulas are needed in the exam, they will be given as a part of the relevant exam question.

2) You should be able to describe how to implement some basic econometric estimators (e.g., how to estimate a linear regression model using OLS, allowing for heteroscedastic-robust standard errors) and tests (e.g., how to test the null hypothesis that the coefficient of a regressor is zero) using econometric software called Stata. To this end, please consult Baum, C. F. 2006, "An Introduction to Modern Econometrics Using Stata" and/or Acock, A. C. 2006, "A Gentle Introduction to Stata".

Econometrics II

How to prepare for the book exam:

Read and study carefully:

1) Winkelmann, R. & Boes, S. 2006. Analysis of Microdata, chapters 2-5, and 7.

2) Cameron, A. C. & Trivedi P. K. 2005. Microeconometrics: Methods and Applications, chapters/sections covering NLS (5.8.1-5.8.5, 5.2.4) and MM / GMM (4.7 and 6.5).

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Links:

[Ari Hyytinen's homepage]
[Ari Hyytinen's teaching (main page)]




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Last updated: 18.9.2011