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On successful completion of the module, students should be able to:
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Distinguish between finite sample and asymptotic properties when evaluating estimators.
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Discuss the motivation behind the least squares estimator.
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Describe the relationship between the least squares estimator, the maximum likelihood estimator and the GMM estimator.
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Illustrate the conditions needed for a model to be identified using the least squares, the maximum likelihood and the GMM estimators.
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Compare the properties of the least squares estimator, the maximum likelihood estimator and the GMM estimator.
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Estimate and interpret economic models using least squares, maximum likelihood and GMM.
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Conduct both linear and non-linear hypothesis tests on economic models using the Wald Test, LM Test & the Likelihood Ratio Test.
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