University of Waterloo - ECON 323: Econometric Analysis 2 (Solutions)

ECON 323 - Econometric Analysis 2 at the University of Waterloo dives deep into advanced econometric methods beyond the ordinary least squares (OLS) estimator. By analyzing various data types (cross-sectional, time-series, and panel), students will learn to interpret coefficients, perform robust inference, and critically evaluate the strengths and limitations of each technique as they explore topics like instrumental variables, limited dependent variables, and sample selection corrections.

✔ When you've completed this course, you should be able to:

• understand and apply the simple regression model in econometric analysis;
• utilize multiple regression analysis techniques to analyze relationships between multiple variables;
• perform basic time-series regression analysis to model time-dependent data;
• address further complexities in time-series regression, such as serial correlation and heteroskedasticity;
• apply panel data methods to analyze data with both cross-sectional and time-series dimensions;
• employ instrumental variables estimation for addressing endogeneity issues in regression analysis;
• analyze limited dependent variable models to account for constraints in the dependent variable;
• and - implement sample selection corrections to mitigate biases in econometric analysis due to sample selection issues.