Course Information
Course title
Microeconometrics 
Semester
109-2 
Designated for
COLLEGE OF SOCIAL SCIENCES  GRADUATE INSTITUTE OF ECONOMICS  
Instructor
HON HO KWOK 
Curriculum Number
ECON5180 
Curriculum Identity Number
323EU4310 
Class
 
Credits
2.0 
Full/Half
Yr.
Half 
Required/
Elective
Elective 
Time
Tuesday 3,4(10:20~12:10) 
Remarks
Restriction: juniors and beyond OR Restriction: MA students and beyond OR Restriction: Ph. D students
The upper limit of the number of students: 50. 
Ceiba Web Server
http://ceiba.ntu.edu.tw/1092ECON5180_ 
Course introduction video
 
Table of Core Capabilities and Curriculum Planning
Table of Core Capabilities and Curriculum Planning
Course Syllabus
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Course Description

1. Introduction
Economics has been grown exponentially. The number of entries in the New Palgrave Dictionary of Economics grew from around 1300 in the first edition (1987) to around 3000 in the third edition (2018) (Source: Wikipedia).

Economics has been distinguished from other social sciences by its formal research methods by using mathematics and statistics. Micro- and Macro-economics are respectively the studies of individual and aggregate behaviors and outcomes. As econometrics grew, it had been separated into micro- and macro-econometrics which are respectively the statistical parts of micro- and macro-economics (roughly speaking).

2. Teaching Philosophy
The teaching philosophy of this course is as follows. In a typical economics program, students are required to take core courses in introductory and intermediate micro- and macro-economics. Hence, students are equipped with the core knowledge so that they are able to learn (either by taking courses or by themselves) various further topics, such as game theory, labor economics, public economics, and macro-policies.

The course is served as a core course in econometrics. The course provides core knowledge in the theories and applications of econometrics.

One could learn microeconomics without learning macroeconomics; but learning serious macroeconomics requires the knowledge in microeconomics. Similarly, microeconometrics is the foundation of macroeconometrics. This course teaches the building blocks of econometrics: laws of large numbers, central limits theorems, moment-based estimation, extremum-based estimation, etc.

3. Course Structure and Prerequisites
This course covers the traditional topics in microeconometrics. The topics are listed in the course schedule below. We will discuss both the theories and applications. The theories are applied to, for example, the estimation of demand and supply curves, labor economics, social economics, and public economics.

There are various courses on econometrics and statistics in the department of economics. The overlaps among courses will be minimized.

No econometrics knowledge is assumed. Each topic will be developed at the beginner level so that the course is self-contained. But a certain level of mathematical maturity is expected (see Wikipedia for interesting definitions of mathematical maturity). Precisely, the prerequisites are
(1) introductory microeconomics;
(2) basic calculus, linear algebra, and statistics.

Essentially, students are expected to know what are market (competitive and non-competitive), demand, supply, differentiation, integration, matrix, vector, probability, distribution, density, expectation (conditional and unconditional), mean, variance, and covariance.

This course is suitable for those who are interested in econometrics and statistics for social sciences. Students who have no training in economics but have solid background in mathematics and statistics are welcome. 

Course Objective
This course is about advanced undergraduate to introductory postgraduate econometrics and statistics. After finishing this course, students will be able to learn further topics in econometrics and empirical economics by themselves or by taking courses. Hard-working students will be well-prepared for master or doctoral programs at top universities in Asian and western countries, and will have the ability to conduct basic research. 
Course Requirement
Students are expected to review and study the theories developed in classes. 
Student Workload (Expected weekly study hours before and/or after class)
 
Office Hours
 
Designated reading
1. Cameron, A.C., Trivedi, P.K., 2005. Microeconometrics: Methods and Applications. Cambridge University Press, Cambridge.
2. Hayashi, F. 2000. Econometrics. Princeton University Press, Princeton.
3. Lee, M.J., 2010. Micro-econometrics: Methods of Moments and Limited Dependent Variables, 2nd ed. Springer, New York.
4. Wooldridge, J.M., 2010. Econometric Analysis of Cross Section and Panel Data, 2nd ed. The MIT Press, Cambridge.

 
References
1. Durlauf, S.N., Blume, L.E. (Eds.), 2010. Microeconometrics. Palgrave Macmillan, Basingstoke.
2. Durlauf, S.N., Blume, L.E. (Eds.), 2010. Macroeconometrics and time series analysis. Palgrave Macmillan, Basingstoke.
3. Eatwell, J., Milgate, M., Newman, P. (Eds.), 1990. The New Palgrave: Econometrics. The Macmillan Press Limited, London.
4. Hassani, H., Mills, T.C., Patterson, K. (Eds.), 2006. Palgrave Handbook of Econometrics, Volume 1: Econometric Theory. Palgrave Macmillan, New York.
5. Mills, T.C., Patterson, K. (Eds.), 2009. Palgrave Handbook of Econometrics, Volume 2: Applied Econometrics. Palgrave Macmillan, New York. 
Grading
   
Progress
Week
Date
Topic
第1週
2/23  Linear models 
第2週
3/02  Linear models 
第3週
3/09  Nonlinear models 
第4週
3/16  Nonlinear models 
第5週
3/23  Numerical optimization 
第6週
3/30  Numerical optimization, midterm examination 
第7週
4/06  Quantile estimation 
第8週
4/13  Quantile estimation 
第9週
4/20  Measurement error 
第10週
4/27  Measurement error 
第11週
5/04  Missing data 
第12週
5/11  Missing data, midterm examination 
第13週
5/18  Limited dependent variables 
第14週
5/25  Limited dependent variables 
第15週
6/01  Limited dependent variables 
第16週
6/08  Limited dependent variables 
第17週
6/15  Limited dependent variables