Estb. 1882

University of the Punjab
Main Page > M.Phil Economics (Morning / Self-Supporting) > Theory and application of Econometrics

Theory and application of Econometrics

Estimation of general linear and non-linear equations, nested and non-nesting models and hypothesis testing; estimation with panel data, systems of equations and applications in microeconomics and macroeconomics; dummy variables and spline functions; limited dependent variables, selectivity bias and applications in economics; time series econometrics with applications in macroeconomics. Emphasis on the practical applications of econometric theory as developed in other courses; specific problems in the specification, estimation and testing of various microeconomic theories of demand, production, and labour as well as the macroeconomic relations of monetary, inflation, and unemployment theory. Emphasis will be on data analysis, reliability of data, and discrimination between competing models on the basis of empirical tests.

Credit hours/ Marks:- 3

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