Master 2024/2025

Models With Qualitative Dependent Variables

Type: Elective course (Economics and Economic Policy)

Area of studies: Economics

Delivered by: Department of Applied Economics

Where: Faculty of Economic Sciences

When: 1 year, 4 module

Mode of studies: offline

Open to: students of all HSE University campuses

Instructors: Maria Sheluntcova

Master’s programme: Economics and Economic policy

Language: English

ECTS credits: 3

Contact hours: 40

Course Syllabus

Abstract

This course is devoted to binary choice models that are central in applied econometrics. We deal with the situation when the potential outcomes are discrete, i.e. the presence or absence of some quality of the object in question. It might also be the decision of an individual to perform or not to perform any action. The scope of application of these models is very wide. Classical examples are the problems of forecasting companies' defaults, employment equations, modeling the level of education, and many other problems of identifying the determinants of a certain choice and predicting its probability. In addition, we consider models with truncated dependent variable. The course includes Tobin and Heckman models that enables us to deal with truncated samples and selection bias. The course is applied in nature. Analysis of course’s topics is based on numerical examples. At the seminars, students use statistical software, i.e. STATA.