Applied Microeconometrics

  • Credits: 6
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: summer
  • Faculty of Economic Informatics

Teachers

Included in study programs

Data Science in Economics

Teaching results

Upon successful completion of this course, students will have knowledge of methods and applications of microeconometric approach to the analysis and modeling of economic phenomena and processes and should be able to use econometric techniques and procedures for different types of data.
Students will gain practical skills and competencies with the applications of microeconometric methods in the analysis of economic problems using software R and Python.

Indicative content

1. Applications of Dummy Variables Models
2. Applications of Panel Data Models
3. Applications of Dynamic Panel Data Models
4. Applications of Nonlinear Effects Models
5. Applications of Panel Data Models for Binary Choice
6. Applications of Ordered Choices
7. Applications of Models for Count Data
8. Applications of Multinomial Logit
9. Applications of Tobit and Selection Models
10. Applications of Latent Class Models
11. Applications of Mixed Logit
12. Stated Preference Data, Applications of Hybrid Choice Models
13. Applications of Discrete Choice Models

Support literature

1. Adams, C.P.: Learning Microeconometrics with R, Chapman & Hall CRC Press, 2021.
2. Croissant, Y., Millo, G.: Panel Data Econometrics with R, John Wiley & Sons, 2019.
3. Cameron, A.C., Trivedi, P.K.: Microeconometrics: Methods and Applications, Cambridge University Press, 2005.
4. Wooldridge, J.: Econometric Analysis of Cross Section and Panel Data, MIT Press, 2010.
5. Greene, W.H., Hensher, D.: Modeling Ordered Choices, Cambridge University Press, 2010.
6. Pesaran, M.H.: Time Series and Panel Data Econometrics. Oxford University Press, 2015.

Requirements to complete the course

individual work and continuous tests 20%
project for the final exam 40%
final exam 40%

Student workload

student workload: 156 h, participation in lectures 26 h, participation in seminars 26 h,
elaboration of a semester project 62 h, preparation for the final exam 42 h

Language whose command is required to complete the course

Slovak, English

Date of approval: 10.02.2023

Date of the latest change: 16.05.2022