Duration
6 weeksWeekly study
2 hours100% online
How it works
Master Traditional Panel Models for Economic Analysis: Analise Economic Data with STATA
Develop expertise in traditional panel models for economic research
Econometrics is a powerful tool that combines statistical methods with economic theory to analyse data, make forecasts, and test economic theories.
On this course, you’ll gain a comprehensive overview of traditional panel models equipping you with the skills to apply them in your professional or academic work.
Master panel model specification, statistical tests, and STATA implementation
Start your journey by learning the fundamentals of panel data analysis, including model specification, estimation techniques, and common statistical tests.
Gain insights into key econometric issues such as endogeneity and how to address them using instrumental variable techniques like two-stage least squares and Hausman-Taylor estimators.
With a strong focus on practical application, you’ll work with real economic data sets, apply panel models in STATA, and interpret results to make informed economic decisions.
Tackle econometric challenges and real-world applications
As you progress, you’ll explore econometric challenges, including heteroskedasticity, autocorrelation, and multicollinearity, understanding their impact on economic models and how to mitigate them.
Apply panel data models for economic forecasting and policy analysis
By the end of this course, you’ll be proficient in applying panel data models, conducting data analysis, and using econometrics to drive decision-making in macroeconomics, finance, and public policy.
Ideal for economists, researchers, and professionals in finance, business, and public policy, you’ll enhance your econometrics skills, advancing their expertise in applied economics and forecasting.
Syllabus
Week 1
Introduction to Econometrics - Traditional Panel Model
Introduction to the course
An overview of the whole course and an introduction to traditional panel model.
Week 2
Specification and Estimation
Introduction to Specification and Estimation
This section covers specification and estimation in static panel model.
Week 3
Applications of Traditional Panel Estimators
Researches that Apply Traditional Panel Estimators
These are some relevant researches that have applied the traditional panel estimators to analyse the data gathered.
Week 4
Traditional Panel Model in STATA
Estimating Traditional Panel Model in STATA
Using STATA, your educator demonstrates how you can analyse data from static panel model.
Week 5
Endogeneity in Traditional Panel Models
Introduction to Endogeneity in Traditional Panel Model
In this section, we will look at two instrumental variable estimation techniques, namely the two-stage least squares estimator (xtivreg) and the Hausman-Taylor estimator (xthlaylor), to deal with the endogeneity problem.
Week 6
Conclusion
Summary
The choice of estimators depends on the assumptions governing the error components as well as whether the key explanatory variables are time invariant, as summarised in this section.
When would you like to start?
Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.
Available now
Learning on this course
On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.
What will you achieve?
By the end of the course, you‘ll be able to...
- Describe traditional panel model specification and estimation
- Differentiate various statistical tests
- Determine the appropriate statistical tests to apply in your analysis
- Analyse various statistical issues in traditional panel model
- Analyse data using the STATA software
Who is the course for?
This course is for economists, researchers, and professionals in finance, business, and public policy looking to enhance their econometric skills, analyse economic data, and conduct policy evaluations.
What software or tools do you need?
This course uses Stata. Stata is a statistical software package that allows users to analyze, manage, and visualize data. You can learn more about and/or download Stata from https://www.stata.com/
Who will you learn with?
INCEIF University is the knowledge leader in Islamic finance, achieved through the provision of excellent teaching, research and thought leadership.
Ways to learn | Buy this course | Subscribe & save | Join with limited access |
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Choose the best way to learn for you! | $109/one-off payment | $244.99 for a whole year Automatically renews | Free |
Fulfill your current learning need | Develop skills to further your career | Try this course - with limits | |
Access to this course | tick | tick | Limited to 6 weeks |
Access to 1,000+ courses | cross | tick | cross |
Learn at your own pace | tick | tick | cross |
Discuss your learning in comments | tick | tick | tick |
Tests to check your learning | tick | tick | cross |
Certificate when you're eligible | Printed and digital | Digital only | cross |
Cancel for free anytime |
Ways to learn
Choose the best way to learn for you!
Subscribe & save
$244.99 for a whole year
Automatically renews
Develop skills to further your career
- Access to this course
- Access to 1,000+ courses
- Learn at your own pace
- Discuss your learning in comments
- Tests to boost your learning
- Digital certificate when you're eligible
Cancel for free anytime
Buy this course
$109/one-off payment
Fulfill your current learning need
- Access to this course
- Learn at your own pace
- Discuss your learning in comments
- Tests to boost your learning
- Printed and digital certificate when you’re eligible
Join with limited access
Free
Try this course - with limits
- Limited to 6 weeks
Find out more about certificates, Unlimited or buying a course (Upgrades) Sale price available until 2 June 2025 at 23:59 (UTC). T&Cs apply. |
Find out more about certificates, Unlimited or buying a course (Upgrades)
Sale price available until 2 June 2025 at 23:59 (UTC). T&Cs apply.
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