Learning objectives:

• Understand how econometric models are specified
  
• Understand the model selection criteria

Lecture:

• Homework week 21: Read the required literature (see below)
• Required reading week 21:
  • Gujarati, D. 2009. Basic Econometrics. 5th edition. McGraw-Hill International Edition. Chapter 13
    

Seminar:

• The seminar this week will focus on revision and on model specification. See reading above.
  

Useful Material:

• Model Specification Template