Methods IV: Advanced Quantitative Analysis


Syllabus

Date Topic Handout (including data and do-files) Homework (if any)
Week 1 An Assortment of Useful Information: Replication, do-files, and log files. LaTeX and presentation issues. CLARIFY and simulation..
Do-files
, Simulation and CLARIFY, notes on LaTeX, LaTeX example, OLS in matrix form.

LaTeX and replication issues

OLS in matrix form.

 Week 2 Maximum Likelihood Estimation: Theory and mechanics.
Maximum likelihood estimation


MLE exercise
 Weeks 3-4 Binary Dependent Variables: Logit, probit, scobit, heteroskedastic probit, rare events logit.
Binary dependent variables


Binary dependent variables exercise
 Weeks 5-6 Discrete Choice Models: A general framework for discrete chioce models. Multinomial logit, conditional logit, nested logit, multinomial probit, and mixed logit. Simulated maximum likelihood.


Discrete choice models 1

Discrete choice models 2

Discrete choice models exercise 1

Discrete choice models exercise 2

 Week 7 Ordered response models: Ordered probit and logit, generalized ordered logit, heteroskedastic ordered probit.
Ordered response models


Ordered response models exercise
 Week 8 Event Count Models: Poisson model, negative binomial model, generalized event count model, hurdle model, zero-inflated model.
Event count models


Event count models exercise
 Week 9 Continuous Time Duration Models: Basic components of duration analysis. Nonparametric models. Parametric models: exponential, weibull, log-logistic, generalized gamma etc.. Semi-parametric models: Cox model.


Introduction

Basic components of duration analysis

Setting up duration data in STATA

Non-parametric models

Parametric models

Cox model

Data exercise

Nonparametric model exercise

Parametric model exercise

Cox model exercise

 Week 10 Discrete Time Duration Models: Logit, probit, cloglog.
Discrete time duration models


Discrete time duration model exercise
 Week 11 Advanced Duration Models: Frailty models, competing risks models, repeated events models, split population models, duration models with selection.


Frailty models

Competing risks models

Repeated events models

Duration models with selection

Other notes:

Brad Jones notes 1, Brad Jones' notes 2, Brad Jones' notes 3, Chris Zorn's notes 1, Chris Zorn's notes 2, Neal Beck's notes, Steven Jenkin's notes

Frailty model exercise

Competing risks exercise

Repeated events exercise

 Week 12 Tobit Models: Truncated and censored data.
Tobit Model


 Tobit models exercise
 Week 13 Selection Models: Heckman model (two-step and MLE). Bivariate probit, bivariate probit with partial observability, and bivariate probit with sample selection. Selection Models Selection models exercise
 Weeks 14-15 Time Series: Stationary and non-stationary data. Durbin-Watson and LM tests for serial correlation. Cochrane-Orcutt and Prais-Winsten procedures. Lags - finite distributed, ADL etc. Error correction models. Impulse and unit response functions. AR and MA error processes. Tests for stationarity and unit roots. Drifts and trends. Cointegration. Structural stability. Spurious regression.

Time Series, Zorn's Notes, Beck's Notes.

Time series exercise
Weeks 16 Longitudinal Data: Panel vs TSCS data. Heterogeneity - fixed vs random effects. GLS, FGLS, Parks Methods, PCSEs etc. Lags. Hurwicz bias.    

 


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