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Econometrics Training Service


How is the training provided?


Cambridge Econometrics offers four standard econometrics courses based around a training roadmap and using the EViews software:

  • Introduction to Econometrics
  • Time Series Econometrics
  • Microeconometrics
  • Panel Data Econometrics

Although in principal a participant can take the courses in any order, they are designed to build upon one another and gradually increase in technical difficulty.

  • The Introduction to Econometrics course is designed for people with a basic knowledge of statistics but probably very little econometrics, and introduces topics in both time series and microeconometrics.
  • The Time Series Econometrics and Microeconometrics courses are both aimed at intermediate level (some background knowledge / previous econometrics training) and build upon the topics covered in the Introduction to Econometrics course.
  • Finally, the Panel Data Econometrics course combines elements from both Microeconometrics and Time Series Econometrics to cover a more advanced set of topics, finishing up by looking at leading-edge developments in the field. 

Cambridge Econometrics also offers a combined (elements of micro and panel data) three-day econometrics course using the Stata software.

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    Structure

    The EViews and Stata-based courses are a mixture of three types of session:

    • theory sessions help to explain the techniques and the underlying principles behind them, with the focus as much as possible on the intuition behind the method rather than the algebra;
    • class examples help to reinforce the theory sessions, with the course presenter demonstrating worked examples to the participants;
    • hands-on sessions allow participants to actively practice the techniques by going through a set of pre-prepared examples with a full set of solutions to refer to if needed.

    The outlines for each course are shown below:

     

    Attendance

    The courses are all 'public attendance', ie on an individual basis. The minimum number of participants is 6 and the maximum number is 10. In cases where there are significantly more than 10 participants two courses may be run in parallel at the same location. In situations with an insufficient number of participants Cambridge Econometrics reserves the right to cancel the course at two weeks notice. Similarly, if a participant wishes to cancel a booking CE must have received note of this (eg letter, fax or email) two weeks before the course date, otherwise course fees will remain payable. For groups of 5 or more within a single organisation, a group-based course may be arranged - please contact Cambridge Econometrics to discuss options.

    Duration and price

    All Eviews-based courses are two days in length and cost £800 + VAT per participant, while the three-day Stata course costs £1200 + VAT per participant, payable in advance (discounts for multiple course bookings are available on request). The cost includes provision of room hire with a PC per participant (with software pre-installed), course materials (folder, CD-Rom with course data and hands-on materials) and refreshments (lunch, coffee/tea) over the duration of the course. The software is not included in the course price.

    Location

    The courses are usually run at the Training Room Hire Company, located at the Leathermarket Exchange near London Bridge. Cambridge Econometrics reserves the right to change the location of the course if circumstances dictate.

    Software

    All courses use the menu-driven version of EViews (version 6), Stata (version 11) to demonstrate techniques and reinforce the lecture-style learning sessions through the use of practical hands-on examples.


    Outline of Econometric Courses

    Introduction to Econometrics

    Day 1 Day 2
    Introduction to economic modelling
    OLS (assumptions and violations)
    Hands-on session
    Introduction to statistical concepts
    Hands-on session
    Applied OLS (Microeconometrics)
    Hands-on session
    Basic data analysis
    Hands-on session
    Applied OLS (time series)
    Hands-on session
    OLS (properties and related statistics)
    Hands-on session

    Course review

     

    Time Series Econometrics

    Day 1 Day 2
    Review of key concepts
    Single-equation cointegration techniques
    Hands-on session
    Data analysis techniques
    Hands-on session
    Multiple-equation cointegration techniques
    Hands-on session

    Univariate modelling
    Hands-on session

    Course review

     

    Structural modelling
    Hands-on session
     

    Microeconometrics

    Day 1 Day 2
    Review of key concepts
    Limited / censored dependent variables
    Hands-on session
    Data analysis techniques
    Hands-on session
    Introduction to panel techniques
    Hands-on session
    Policy analysis
    Hands-on session

    Course review

    Dealing with endogeneity
    Hands-on session
     

    Panel Data Econometrics

     
    Day 1 Day 2
    Review of key concepts
    Hands-on session
    Dynamic panel estimation
    Hands-on session
    Panel data analysis
    Hands-on session
    Time series panel estimation
    Hands-on session
    Unobserved effects panel data estimation
    Hands-on session

     Course review

     
     Econometrics with Stata>  
     Day 1  Day 2  Day 3

     Review of key concepts

     

     Limited / censored dependent variables
    Hands-on session

     Dynamic panel estimation
    Hands-on session

     Data analysis techniques
    Hands-on session
     Unobserved effects panel model
    Hands-on sessions
     Time series panel estimation
    Hands-on session
     Policy analysis
    Hands-on session
     

     Course review

     Dealing with endogeneity
    Hands-on session
       
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    For further information, including prices, and to order our services, email:
    Rachel Beaven
    Director