Hello, dear friend, you can consult us at any time if you have any questions, add WeChat: daixieit

Econometrics I

Econ3338 (01)

Fall 2021

Projects2

What is the project for this course?

● Consider a research question that can be answered via application of regression analysis on economic data.

● Use a dependent variable and some independent variables to identify and quantify the effects of these independent variables on the dependent variable.

● Limitation: Data need to be cross-sectional.

● Time series data present some challenges that will be discussed next term in Econ 3339.

How to come up with a project topic?

● Classes in economics that you have taken so far, or you are currently taking

● Microeconomics and Macroeconomics

○ Growth determinants across countries

● Labour economics

○ Determinants of wages (education, sex, ethnicity)

● You own personal interests

● Data availability

● You have got hold of a nice dataset, and you design your research question based on the variables included.

Dates & Format

● Important Dates

● Proposal: Oct. 29th

○ If you have heard no critical feedback from the instructor/TA about your proposal prior to Nov. 5th, your proposal has been approved.

● First draft: Dec. 3rd

○ If significant issues are detected, you will be notified so that you could fix them prior to final paper submission.

● Final paper: December 7 th

● Format

● All deliverables need to be typed.

● Proposal: An e-copy uploaded in Brightspace (single page)

● First draft: An e-copy uploaded in Brightspace

● Final paper: An e-copy uploaded in Brightspace and a hard copy submitted to the mailbox of the instructor5

Details about the format of the first draft and the final paper see the following document in Brightspace:

Econ3338_ProjectInstructions 6

Project Proposal

● Single Page-typed (Name and Banner Number are required)

● 2 paragraphs

1. What is the research question that you plan to answer? What is the dependent variable in your analysis? What are the independent variables in your analysis? What effect/relationship do you plan to capture? Why is this question important (motivation)?

2. Data. Discuss what dataset you will be using. If your dataset is not obtained via a textbook (see discussion below), discuss the source of your dataset or the method you have used to collect and construct your own dataset.

● Submit it online by Oct. 29th.

● If you have heard no critical feedback from the instructor/TA about your proposal prior to Nov. 5th, your proposal has been approved. You can continue to work on your project as planned.

DATA

● Datasets in Brightspace

■ Wooldridge textbook (available via GRETL)

■ Stock and Watson textbook (available via GRETL)

■ Other textbooks (available via GRETL)

● External data

■ IMF

■ World Bank

■ Statistics Canada

■ PENN World Tables

■ Federal Reserve Economic Data (FRED)

● Ask a librarian

http://dal.ca.libguides.com/economics

● Construct your own dataset

CROSS SECTIONAL DATA

What will matter for your grade?

● How interesting your research question is?

■ Originality, clarity, and sound motivation

● Did you perform a literature review?

■ What is already known about your research question?

● Data set

■ Your data are valid to your research question.

■ Variables are suitably transformed.

■ The sample size is reasonably large.

■ For your research question, you have collected and constructed your dataset from different sources that meet the above criteria.

● Format

■ Follow the format guidelines and avoid grammar and spelling errors

● Content-Regression Analysis

■ Technical: statistical interpretation

■ Discussion of empirical results: economic interpretations