• This document includes a summary of what we have covered throughout the semester as well as some information on how you can revise for the final exam.

  • Closer to the exam period, I will send out some sample questions to help you practice for the exam. This will not be a comprehensive practice exam but it will just include some sample exercises. Keep in mind that your primary source of exam revision should be the materials that are already posted on the Moodle page.

  • Closer to the exam period, I will hold a revision session to help you prepare for the final exam. The date and time for this session will be announced later in the Spring semester (you will receive a notification about it).

  • Exam questions will look very similar to all the examples on your lectures slides/notes and review exercises. These exercises and examples (and solutions) are already all available on the Moodle page. All the lecture slides/notes and review exercises should be your starting point for revising for the exam. If you want to be well-prepared for the exam, it is important that you have a good grasp of the materials we covered during the term.

  • The exam dates have not been announced yet, but you will be notified in due course.

1 How to Revise for the Exam

The best way to prepare for the final exam is to go over the materials posted on your Moodle page. Below is a list of all the contents and posted materials for each lecture we have covered during the semester. You can use this as a guide.

Lecture 1

  • Revise Lecture 1 Slides: Probabilities, Expectations and Moments

  • Solve Review Exercises

  • Textbook reference: Stock and Watson Chapters 1-2.

Lecture 2

  • Revise Lecture 2 Slides: Inference

  • Solve Review Exercises

  • Textbook reference: Stock and Watson Chapter 3.

Lecture 3

  • Revise Lecture 3 Slides: OlS Assumptions

  • Revise Lecture 3 Notes: OLS Theory

  • Solve Review Exercises - Part I-II

  • Revise Matrix Algebra Review - Part I-II (especially if you are having difficulty with following the derivations related to linear algebra in the review exercises).

  • Solve Matrix Algebra Exercises

Lecture 4

  • Revise Lecture 4 Slides: Panel Data and Fixed Effects Estimation

Lecture 5

  • Revise Lecture 5 Slides: Binary Choice Models

  • Revise Lecture 5 Slides: Maximum Likelihood Estimation

  • Revise Review of Probability Distribution Functions

  • Solve Review Exercises - Binary Choice Models

Lecture 6

  • Revise Lecture 6 Slides: Extremum Estimators

  • Revise Lecture 6 Notes: ML Estimation for OLS Parameters

  • Revise Review Exercises

Lecture 7

  • Revise Lecture 7 Slides: Econometric Insights (Part I)

  • Revise Lecture 7 Slides: Econometric Insights (Part II)

  • Revise Lecture 7 Slides: Econometric Insights (Part III)

Lecture 8

  • Revise Lecture 8 Slides: Econometric Estimation Pitfalls

  • Solve Review Exercises 1

  • Solve Review Exercises 2

2 Structure of the Exam

  • The exam will consist of a section with multiple choice questions and a section with short-answer questions.

  • The questions will look very similar to the example problems we have seen in our slides and the problems in the review exercises.

  • The short-answer questions can:

    • ask you to briefly explain or discuss something (similar to homework assignments) OR
    • ask you to derive an answer analytically. (similar to the review exercises)