Course description
Business management is harder than ever. Business owners and managers face rising competition, economic uncertainty, rising operational expenses, and shrinking profit margins. They must develop predictions from varied data to support corporate plans and compete. They use econometric tools to draw conclusions and evaluate their actions in such cases. Thus, data analysis informs effective company strategies.
What jobs can you take by studying econometrics?
Some jobs utilising econometrics knowledge are auditing, compliance, statistician, regulatory affairs, computer scientist, and teaching economics. You can also take other jobs if you have strong attention to detail and the inherent desire to transform organisations and businesses for the greater benefit of the public.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Applied Econometrics Training Course by Rcademy is ideal for:
- Policy experts and policy professionals who need to develop a deeper understanding of policy briefs while they work
- Economists who want to develop their research capabilities
- Financial professionals that want to understand world trends
- Managers
- Economic trainers
- An economic undergraduate
- Any interested professional
Outcome / Qualification etc.
The main objectives of The Applied Econometrics Training Course by Rcademy are to enable participants to:
- To estimate statistical parameters used in regression evaluation using the necessary software
- Correctly interpret empirical papers from leading economists written under a single equation regression model
- Gain active knowledge of the implications of regulatory tools and macroprudential in mitigating systemic risk from indirect and direct effects
- Derive statistical parameters that can be used in estimating causal relationships
- Conduct hypothesis testing at confidence intervals and correctly interpret the results of the findings
- Gain a deep understanding of the major theoretical explanations and the empirical evidence that exists for the cause and consequences of financial problems
- Understand the econometrics theory through real-world problem-solving and applications rather than complex proofs and mathematical theorems
- Grasp the ideas of microeconomics and macroeconomics and how they contribute to the stability and instability of an economy
- Learn how to interact with data and data sets from banks and the world governments
- Understand issues of moral hazard, implicit subsidies, and incentives as they are used in the regulation of the financial system and analysis of its empirical literature
- Manipulate and plot different types of data
- Use cross-country data sets together with bank data panels to solve real-world problems
- Understand the interrelationship between the market, banking, and the financial system
- Learn how to solve simultaneous equation problems and various models that are utilised in econometrics
- Select the appropriate model according to the data type present
- Learn to make ethical, impactful, and profitable decisions in the global and local economy
Training Course Content
Module 1: Introduction to Mathematics of Econometrics
- Differential calculus
- Matrix algebra
- Logarithm in economics
- Linear models
- Comparative static analysis of nonlinear models
- Multivariate differential calculus
- Applications of economics
Module 2: Theory of Macroeconomics
- Fiscal policies
- Financial crisis
- Unemployment
- Income determination
- Debt dynamics
- Long-run growth
- Monetary policies
- Business cycles
Module 3: Labour Economics
- Collective bargaining
- Labour courts
- Wages
- Empirical Studies of wage differentials
- Contemporary theories of wages
- The effect of collective bargaining
- Theories of employment
- Contemporary theories of prices
Module 4: The Theory of Microeconomics
- The government, through the economy’s eyes
- Individual behaviour
- Foundations of Microeconomic theories
- Economic efficiency of an assortment of public policies
- The Role of Government in the Economy
- The behaviour of firms
- Marketplace interactions
- Forms of market structures
- Public Policies on Microeconomics
- The impact of behaviour on businesses
Module 5: Hypothesis Testing
- Empirical formula
- Concepts and skills for hypothesis formulation
- Setting the stage
- Hypothesis testing
- Statistical software
- Mathematical theories
- Statistical theories for economics
- Stata software
Module 6: Econometrics
- Advanced Theories of Econometrics
- Variable models
- Instrumental variables
- Using quasi-experimental data
- Sample selection
- Fixed effects
- Censoring of samples
- Limited dependent variables model
- Panel methods
- Time-series techniques, in general
- Simultaneous equations in economics
Module 7: Surveying of Economic Development
- Modern theories
- Applications of economic techniques
- Evolution of economics
- Determining economic development
- Development issues and challenges
- Important issues in economic development
Module 8: Econometrics for the Public
- Political economy
- Financing of government interventions
- Concepts of market equilibrium
- Economy of voting
- Public sector programmes
- Deficit financing
- The efficiency of the market
- Government intervention through taxation
- Departures from efficiency
- Rent-seeking
- Financing the government
Module 9: Gaining Economic Stability
- Financial system’s contributions towards the growth
- Microeconomic and Macroeconomics of financing growth and Stability
- Regulatory issues
- Causes, impact, and Consequences of the Crisis
- Concentration and competition
- Determinants of bank efficiency and Competition
- “Too Big to Fail” debates
- Macroprudential policy issues
- Determinants of stability or instability of the economy
- Product of economic growth
- Lender of last resort
- Deposit insurance
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...