Advanced Econometrics II: Applied Non-Linear Modeling

Professors: Sturm and Miller
Units: .5
Elective Course
Concentrations: Economic Analysis and Quantitative Methods

Advanced Econometrics II introduces additional non-linear models (duration and hazard models, counts), provides tools to choose different models, discusses issues with transformations (common approaches, such as taking logs can cause unexpected problems). The emphasis is on applications and we build complex models that use several tools simultaneously (e.g., the multi-part models popular in health economics) and deal with challenges in data sets (missing data, survey design effects). We also take another view at the role of causal inference.