Part VI
Extending the Basic Econometric Model
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In this part . . .
Use time-series data for static models (where the dependent variable reacts instantaneously to changes in the independent variable) and dynamic models (where the dependent variable doesn’t react fully to a change in the independent variable during the period in which the change occurs).
Modify traditional econometric estimation techniques to handle pooled cross-sectional data (data that has been collected over time) and discover how analyzing pooled cross-sections can be useful in evaluating policy changes that occur at a specific point in time.
Analyze important economic questions that can’t be addressed using data that are exclusively cross sectional or time series by turning to panel data (data that features identical cross-sectional units included in each ...
