PLSC 606JMaximum Likelihood

Catalog

The course is an advanced econometrics seminar introducing the likelihood theory and methods for limited dependent variables. The seminar will deal with particular topics including estimation and inference using dichotomous, nominal, ordered, truncated/censored continuous, and discrete count variables. Techniques include probit/logit, multinominal and ordered probit, sample selection and duration models, count models and split population models. Students should have mastery of Gauss-Markov assumptions and linear regression models and should have some familiarity with matrix algebra.