Econometrics for the practitioner
This is a practical course that focuses on hands-on experience in empirical estimation, interpretation and evaluation of economic relationships. The aim is to reconcile economic theory with practice, thereby empowering delegates with analytic skills and a hands-on approach to decision-making processes.
The course takes place in a computer lab. Delegates use EViews version 8 for practical applications.
After completion of this course, delegates will be able to:
- apply regression analysis;
- use dummy variables;
- deal with structural breaks;
- deal with violations of the basic assumptions of regression analysis; and
- apply techniques of cointegration and error correction modelling in the case where time-series data contains unit roots.
Delegates complete an open-book evaluation on the last day of the course. A certificate will be awarded upon successful completion of the course.
The course covers the following topics:
1. Principles and methodology of econometric analysis
2. Introductory statistics
3. Basics of regression analysis
4. Single equation estimation
5. Violations of the classical assumptions
6. Regressions including dummy variables
7. Non-stationarity and unit root testing
8. Residual-based (Engle-Granger) cointegration
9. Error correction models
10. Simulation (forecasting and policy analysis)
Who should attend
Experience as a researcher or analyst in any of the following fields of economic application is required: financial markets, socio-economics and health, development economics, public finance and tax policy, or international trade and finance.
Time: 08:00 - 17:00
Venue: University of Pretoria Main Campus, Pretoria
Cost: R16300.00 pp incl VAT
More info:
Main campus of the University of Pretoria, Hatfield, Pretoria
Date: 09 November 2015 to 13 November 2015
Time: 07:30 - 16:00
Venue: University of Pretoria Main Campus, Pretoria
Cost: R16300.00 pp incl VAT
More info:
Main campus of the University of Pretoria, Hatfield, Pretoria