The teaching of econometrics

Authors

DOI:

https://doi.org/10.18041/1657-2815/libreempresa.2021v18n1.8676

Keywords:

Objective, Methodology, Statistical Culture, Tool, Diagnosis, Theory and Practice, Prognosis, Complexity, Teaching, Introductory, Basic, Advanced

Abstract

All econometrics book authors agree on how difficult it is to teach econometrics to undergraduate economics students, especially because of their poor preparation in statistical mathematics and matrix algebra. Experience also blames poor information given to students on economics and econometrics studies. Econometrics can be focused on three levels depending on the interested group. Undergraduate courses must be demanding in statistics, matrix algebra, and cases applied to the student context. Teachers must be economists to explain the applications of content in various practice areas; failure in this goal produces apathy and desertion. Other causes of the problem may be teachers, the focus of the curriculum, the business of education, etc.

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Author Biography

  • Alberto Gómez-Mejía, Universidad Libre, Cali – Colombia

    PhD in Technology Management. Autonomous University of Queretaro, Mexico. Master in Economics, The University of Florida, Gainesville, U.S.A. Full Professor Universidad Libre, Cali - Colombia.

    https://orcid.org/0000-0002-0312-2236

References

Becker, William E. & Greene, William H. (2001). Teaching Statistics and Econometrics to Undergraduates. Journal of Economic Perspectives,Vol. 15, Nr. 4, pp. 169–182. https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.15.4.169

Friedman, Milton, Schwartz, A. J. (1963). A Monetary History of the United States, 1867–1960. Princeton: Princeton University Press.

Greene, William. Análisis Econométrico. (1999). Ed. Prentice Hall, Tercera edición. Madrid.

Hendry, David F. (2009). The Methodology of Empirical Econometric Modeling: Applied Econometrics Through the Looking-Glass. Palgrave Handbook of Econometrics: Vol. 2: Applied Econometrics, Vol. 2

Kahneman, Daniel. (2001). Thinking Fast and Slow. Editores Farrar, Straus and Giroux.

Lucas, Robert (1976). "Econometric Policy Evaluation: A Critique". In Brunner, K.; Meltzer, A. (eds.). The Phillips Curve and Labor Markets. Carnegie-Rochester Conference Series on Public Policy. 1. New York: American Elsevier. pp. 19–46. https://doi.org/10.1016/S0167-2231(76)80003-6

Martins, James E. (1967). Malinvaud, E.,Statistical Methods of Econometrics, Rand McNally, Chicago. https://onlinelibrary.wiley.com/doi/epdf/10.2307/1236965

Schumpeter, J.A. (1954). History of Economic Analysis. Routledge.

Published

2021-10-25

Issue

Section

Research Articles