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.
Structure
The 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 12. In cases where there are significantly more than 12 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) up to two weeks before the course date, otherwise course fees will remain payable. For groups of 6 or more within a single organisation, a group-based course may be arranged - please contact Ben Gardiner to discuss options.
Duration and price
All courses are two-days in length and cost £800 + 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 EViews 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 EViews 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) to demonstrate techniques and reinforce the lecture-style learning sessions through the use of practical hands-on examples. Training in the Microfit software (time series techniques only) is available - please contact Ben Gardiner to discuss possibilities.
Outline of Econometric Courses
| 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 |
| 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 |
|
| 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 |
|
| 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 |
For further information, including prices, and to order our services, email:
Ben Gardiner
Director
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