Course Overview:
This course offered at IRES is designed to provide participants with an in-depth understanding of microeconometrics, focusing on econometric techniques for analyzing individual-level data such as households, firms, or individuals. The course covers both theoretical foundations and practical applications of microeconometric methods, including regression analysis, discrete choice models, panel data models, and treatment effect estimations. Through hands-on exercises using statistical software, participants will learn to apply advanced econometric techniques to real-world datasets, making informed decisions and improving policy analysis and business strategy.
Course Duration:
5 Days
Target Audience:
- Economists
- Policy analysts
- Researchers
- Statisticians
- Data scientists
- Professionals involved in individual-level data analysis in economics, social sciences, and business
Personal Impact:
- Master key econometric techniques used in micro-level data analysis.
- Gain practical experience in applying advanced microeconometric methods.
- Improve your ability to interpret complex datasets for research and decision-making.
Organizational Impact:
- Improve the organization's capacity to analyze individual or firm-level data.
- Strengthen policy development and evaluation with accurate econometric methods.
- Enhance business strategies using micro-level insights and data-driven approaches.
Course Level:
Course Objectives:
By the end of this course, participants will be able to:
- Understand the key concepts of microeconometrics and its application.
- Analyze micro-level data using linear regression, discrete choice models, and treatment effect models.
- Apply panel data techniques for individual and firm-level data analysis.
- Conduct policy analysis and program evaluation using advanced econometric tools.
- Use statistical software to analyze and interpret microeconomic data.
Course Outline:
Module 1: Introduction to Microeconometrics and Data Handling
- Overview of microeconometrics and its applications
- Handling and managing micro-level data using statistical software
- Linear regression analysis for cross-sectional data
- Practical Exercise: Data management and regression analysis
Module 2: Discrete Choice Models
- Introduction to binary and multinomial choice models
- Probit and logit models
- Estimating and interpreting discrete choice models
- Case Study: Application of discrete choice models to consumer behavior data
Module 3: Panel Data Methods for Microeconometrics
- Introduction to panel data for individual-level analysis
- Fixed effects and random effects models
- Dealing with endogeneity and selection bias in panel data
- Practical Exercise: Estimating panel data models in microeconometrics
Module 4: Treatment Effect Models and Program Evaluation
- Introduction to treatment effect estimation
- Difference-in-differences and propensity score matching
- Conducting impact evaluation using micro-level data
- Case Study: Evaluating policy interventions using treatment effect models
Module 5: Advanced Topics in Microeconometrics
- Nonparametric and semiparametric methods
- Quantile regression and its applications
- Practical Exercise: Applying advanced econometric techniques to individual-level data
- Real-life Project: Developing a microeconometric model for policy or business analysis
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.
ACCREDITATION
Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
TRAINING VENUE
The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
TAILOR-MADE
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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