BS(4Ye
ears)forA
AffiliatedCo
olleges


Codee Subjecct Title Cr. Hrs Sem

mester
STAT-4409 Applied Economettrics (Theoryy) 3 VIIII
Year Discip
pline
4 Statisttics

Codee Subject Title Cr. Hrs Sem

mester
STAT-4410 Applieed Economettrics (Practiccal) 1 V
VIII
Year Discip
pline
4 Statisttics

Course Outline
O

1. Non-spherical dissturbances, Consequenc

C ces of using OLS estimattors, ML meethod assum mption
and estimation, Generalizedd least squuares; assum mption, estim
mation, prooperties of GLS
estim
mators. Aitkeen theorem, Stochastic
S reegressors.
2. Multiicollinearity: types, reasons, consequuences, remeedial measurres, Farrar annd Glauler teest.
3. Heterroskedasticitty: Reasons, tests, remeddial measurees.
4. Autocorrelation: Reasons, tessts, remediall measures, consequence
c es.
5. Speciification Errrors: Over and
a under specified
s moodels and their
t conseqquences. Errror in
variabbles.
6. Otherr variables: Instrumental
I l variables, Lagged
L variaables, Dumm
my variables.
7. Otherr regression:: Polynomiall regression,, Orthogonall polynomialls and their use.
u
8. Systeems of simulltaneous lineear equationns: Reduced form equatiions, Simultaaneous equaations
Bias. Identificatiion (order and rank conditions),
c Methods of
o estimatioon for identified
equattions.
9. Incomme and Wealth distributiion: Techniqques for incoome distributtion analysiss (Lovernz curve,
c
Gini coefficients,, Pareto curvve).

Recomm
mended Book
ks:

• Gujraati, D. “Basic Econometrrics”, McGraw Hill Boook Company, Third Editiion, 1995.
• Johnsston, J. “Eco
onometric Methods”,
M MccGraw-Hill Book
B Compaany, Third Edition,
E 19855.
• Koutsoyiannis, A.A “Theory of Econometrrics”, Macm millan Press Ltd.,
L Hong Kong,
K 1979.
• Madddala, G.S. “Introduction to Economeetrics”, John Wiley, India, Third Edition, 2005.
• Ramaanathan, R. “Introductoory Economeetrics with Applications
A s”, South-W
Western Thom mson
Learnning, USA, Fifth
F Editionn, 2002.


Reference Books:

• Dutta, M. “Econometric Methods, “South-Western Publishing Company, England, 1975.

• Goldberger, A.S. “Econometric Theory”, John Wiley and Sons, New York, 1964.
• Wonnacott, T.H. and Wonnacott, R.J. “Econometrics”, John Wiley and Sons, New York,
1979.
• Draper, N.R. and Smith, I.I. “Applied Regression Analysis”, John Wiley & Sons, New York,
1998.