II. COURSE DESCRIPTION

Analysis and construction of econometric models of micro and macroeconomics utilizing transversal data and historic series. Analysis of both stationary and non-stationary historical series, using econometric methods and computer software. III. OBJECTIVES After completion of this course the student should be able to attain the following terminal and capacitating objectives: 1. Construct structural econometric models to explain economic and organizational behavior. 1.1 Define an econometric model of an economic or organizational theory or hypothesis. Differentiate between deterministic and stochastic models. 1.2 Explain the importance of the disturbance term and its role in the model. 1.3 Define structural correctness. 1.4 Define model specification. 1.5 Evaluate the model using structural correctness criteria. 2. Estimate and statistically evaluate econometric models. 2.1 Define the estimation methods: least squares and maximum likelihood. 2.2 Explain the characteristics of the estimators. a. Unbiasedness b. Efficienc