Courses Exchange Display 2022-2023

Course Description To PDF
Course title Quantitative Methods III (IES)
Course code EBC2011
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
1 5-9-2022 14-10-2022 L X X
Level Intermediate
Coordinator Bas Dietzenbacher
For more information: b.dietzenbacher@maastrichtuniversity.nl
Language of instruction English
Goals
Learn advanced optimisation techniques and apply them to economic problems.
Understand the concept of integral and learn some integration techniques.
Learn how to solve some simple discrete as well as continuous dynamic systems and to analyse equilibrium points.
Learn advanced multiple regression techniques.
Learn some univariate as well as multivariate time series techniques.
Apply multiple regression and time series techniques to economic problems using statistical software.
Description
The course QM3 is a continuation of the first year Economics courses QM1 and QM2 and is divided in a mathematics part and a statistics part. The mathematics part consists of three topics: Optimization, Integration, and Dynamic Models. Optimization considers unconstrained and constrained optimization of univariate and multivariate functions (Lagrange, Kuhn-Tucker). Integration covers elementary and advanced integration techniques for univariate functions (integration by parts, integration by substitution, improper integrals). Dynamic Models provides an introduction to discrete dynamics (difference equations) and continuous dynamics (differential equations) including equilibrium analysis. Each topic has a separate reader. The statistics part formally studies the regression model, including the problem of omitted variables bias, the testing of general linear parameter restrictions, and the large-sample (asymptotic) properties of regression. The focus is on the analysis of cross-section data; time-series data is briefly discussed at the end. Using the statistical package Eviews, empirical results are generated by yourself. This part is based on the following textbook. Jeffrey M. Wooldridge (2018). Introductory Econometrics: a modern approach. 7th international student edition, Thomson South-Western, Cengage Learning.
Literature
Jeffrey M. Wooldridge (2018). Introductory Econometrics: a modern approach. 7th international student edition, Thomson South-Western, Cengage Learning.
Prerequisites
The courses Quantitative Methods I (EBC1005/1006/1007) and Quantitative Methods II (EBC 1033/1034/1035), taught at the University of Maastricht. In particular the following subjects should have been mastered:
Mathematics: exponential and logarithmic functions, (partial) derivative and rules a.o. chain rule, optimisation of functions of one and two variables, Lagrange.
Statistics: random variable, probability distributions, confidence interval, hypothesis testing, linear regression.
An advanced level of English.
Teaching methods (indicative; course manual is definitive) PBL / Lecture
Assessment methods (indicative; course manual is definitive) Written Exam / Assignment
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Economics and Business Economics - Economics Year 2 Compulsory Course(s)
Bachelor Economics and Business Economics - Emerging Markets Year 2 Elective Course(s)
Bachelor Economics and Business Economics - Emerging Markets Year 3 Elective Course(s)
Bachelor Economics and Business Economics - Economics and Management of Information Year 2+3 Quantitative Economics Elective(s)
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Accounting
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Finance
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Inf Mgmt
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Marketing
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Org
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj SCM
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Strategy
Bachelor International Business - Emerging Markets Year 3 Elective Course(s)
Bachelor International Business Year 3 QE Elec(s) - Maj Accounting
Bachelor International Business Year 3 QE Elec(s) - Maj Finance
Bachelor International Business Year 3 QE Elec(s) - Maj Inf Mgmt
Bachelor International Business Year 3 QE Elec(s) - Maj Marketing
Bachelor International Business Year 3 QE Elec(s) - Maj Org
Bachelor International Business Year 3 QE Elec(s) - Maj SCM
Bachelor International Business Year 3 QE Elec(s) - Maj Strategy
SBE Exchange Bachelor Bachelor Exchange Courses
SBE Exchange Master Bachelor Exchange Courses
SBE Non Degree Courses Bachelor Courses