Course title 
Topics in Economics and Econometrics 
Semester 
1112 
Designated for 
COLLEGE OF SOCIAL SCIENCES GRADUATE INSTITUTE OF ECONOMICS 
Instructor 
HON HO KWOK 
Curriculum Number 
ECON5169 
Curriculum Identity Number 
323EU1080 
Class 

Credits 
3.0 
Full/Half Yr. 
Half 
Required/ Elective 
Elective 
Time 
Tuesday 6,7,8(13:20~16:20) 
Remarks 
Restriction: juniors and beyond OR Restriction: MA students and beyond OR Restriction: Ph. D students The upper limit of the number of students: 50. 


Course introduction video 

Table of Core Capabilities and Curriculum Planning 
Table of Core Capabilities and Curriculum Planning 
Course Syllabus

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Course Description 
This course is about applying economics and econometrics to study the real world. We will study important topics in the research frontiers, for example, economic and social interactions in networks, behaviors and information diffusions in economic and social networks, poverty, inequality, and intergenerational mobility.
First, the course focuses more on econometrics because it is about studying the real world. Second, this course emphasizes the integration of economics and econometrics. We will consider the economic foundations of the econometric models and methods.
This course will help students integrating their knowledge in introductory economics and econometrics to the theories in academic research papers. Students will learn a general theoretical structure of economics and econometrics, which will help them progressing from being a student to being a researcher. 
Course Objective 
This course aims at developing students’ ability of applying economics and econometrics. After the training in this course, hardworking students will be wellprepared for master or doctoral programs at top universities in Asian and western countries, and will have the ability to conduct basic research. 
Course Requirement 
No econometrics knowledge is assumed. Each topic will be developed at the beginner level so that the course is selfcontained. But a certain level of mathematical maturity is expected (see Wikipedia for interesting definitions of mathematical maturity).
The prerequisites are introductory knowledge in microeconomics, calculus, linear algebra, probability, and statistics.
Students are expected to know what are market (competitive and noncompetitive), demand, supply, differentiation, integration, optimization (unconstrained and constrained), Lagrange multiplier, matrix, vector, probability, distribution, density, expectation, moment, mean, variance, and covariance.
This course is suitable for those who are interested in econometrics and statistics for social sciences. Students who have no training in econometrics but have solid background in mathematics and statistics are welcome. 
Student Workload (expected study time outside of class per week) 
Students are expected to review and study the theories developed in classes. The examinations essentially test students’ understanding of the theories taught in classes. Performance evaluations are based on homeworks and examinations.
Late submission of homeworks will not be accepted. In principle, makeup examinations will not be given. However, if there are exceptional circumstances so that you cannot take the examinations at the scheduled time, you should contact us before the examinations. 
Office Hours 
Appointment required. 
Designated reading 
In the classes, it will be clear that the materials are based on which books' chapters and papers. 
References 
STAT1: Statistics
1. Konishi, S., 2014. Introduction to Multivariate Analysis: Linear and Nonlinear Modeling. CRC Press, Boca Raton.
2. Bickel, P.J., Doksum, K.A., 2015. Mathematical Statistics: Basic Ideas and Selected Topics, Volume 1. CRC Press, Boca Raton.
3. Bickel, P.J., Doksum, K.A., 2016. Mathematical Statistics: Basic Ideas and Selected Topics, Volume 2. CRC Press, Boca Raton.
         
STAT2: Advanced Statistics
1. Wasserman, L., 2004. All of Statistics: A Concise Course in Statistical Inference. Springer, New York.
2. Wasserman, L., 2010. All of Nonparametric Statistics. Springer, New York.
3. Efron, B., Hastie, T., 2016. Computer Age Statistical Inference: Algorithms, Evidence, and Data Science. Cambridge University Press, Cambridge.
         
STAT3: Model Selection and Model Averaging
1. Burnham, K.P., Anderson, D.R., 2002. Model Selection and Multimodel Inference: A Practical InformationTheoretic Approach, 2nd. Springer, New York.
2. Claeskens, G., Hjort, N.L., 2008. Model Selection and Model Averaging. Cambridge University Press, Cambridge.
3. Konishi, S., Kitagawa, G., 2008. Information Criteria and Statistical Modeling. Springer, New York.
         
ECON1: Econometrics
1. Hayashi, F. 2000. Econometrics. Princeton University Press, Princeton.
2. Cameron, A.C., Trivedi, P.K., 2005. Microeconometrics: Methods and Applications. Cambridge University Press, Cambridge.
3. Wooldridge, J.M., 2010. Econometric Analysis of Cross Section and Panel Data, 2nd ed. The MIT Press, Cambridge.
4. Lee, M.J., 2010. Microeconometrics: Methods of Moments and Limited Dependent Variables, 2nd ed. Springer, New York.
5. Hansen, B.E., 2022. Probability and Statistics for Economists. Princeton University Press, Princeton.
6. Hansen, B.E., 2022. Econometrics. Princeton University Press, Princeton.
         
ECON2: Advanced Econometrics
1. Eatwell, J., Milgate, M., Newman, P. (Eds.), 1990. The New Palgrave: Econometrics. The Macmillan Press Limited, London.
2. Hassani, H., Mills, T.C., Patterson, K. (Eds.), 2006. Palgrave Handbook of Econometrics, Volume 1: Econometric Theory. Palgrave Macmillan, New York.
3. Mills, T.C., Patterson, K. (Eds.), 2009. Palgrave Handbook of Econometrics, Volume 2: Applied Econometrics. Palgrave Macmillan, New York.
4. Durlauf, S.N., Blume, L.E. (Eds.), 2010. Microeconometrics. Palgrave Macmillan, Basingstoke.
5. Durlauf, S.N., Blume, L.E. (Eds.), 2010. Macroeconometrics and Time Series Analysis. Palgrave Macmillan, Basingstoke.
         
ECON3: Panel Data Econometrics
1. Matyas, L., Sevestre, P. (Eds.), 2008. The Econometrics of Panel Data: Fundamentals and Recent Developments in Theory and Practice, 3rd ed. Springer.
2. Hsiao, C., 2014. Analysis of Panel Data. 3rd ed. Cambridge University Press, New York.
3. Baltagi, B.H. (Ed.), 2015. The Oxford Handbook of Panel Data. Oxford University Press, Oxford.
         
ECON4: Treatment Effects
1. Lee, M.J., 2005. MicroEconometrics for Policy, Program, and Treatment Effects. Oxford University Press, New York.
2. Lee, M.J., 2016. Matching, Regression Discontinuity, Difference in Differences, and Beyond. Oxford University Press, New York.
         
ECON5: Social Interactions and Networks
1. Jackson, M.O., 2008. Social and Economic Networks. Princeton University Press, Princeton.
2. Newman, M.E.J., 2010. Networks: An Introduction. Oxford University Press, Oxford.
3. Easley, D., Kleinberg, J., 2010. Networks, Crowds, and Markets: Reasoning about a Highly Connected World. Cambridge University Press.
4. Bramoulle, Y., Galeotti, A., Rogers, B.W. (Eds.), 2016. The Oxford Handbook of The Economics of Networks. Oxford University Press, New York. 
Grading 
No. 
Item 
% 
Explanations for the conditions 
1. 
Homeworks 
20% 

2. 
Examinations 
80% 


