Master 2-Stage Least Squares Without Any Mathematics

Master 2-Stage Least Squares Without Any Mathematics

Welcome to my on 2-Stage Least Squares (2SLS). This course is carefully designed for students/researchers who are learning 2SLS for the first time and who are not quantitatively inclined.

In fact, this course is entirely NON-MATHEMATICAL!

This course is perfect for learning the intuition and logic of 2SLS and its corresponding diagnostic tests before formally learning the derivation and mathematics from an econometrics course or textbook.

Moreover, this course covers the application of 2SLS and its diagnostic tests using two of the most popular econometrics software packages, Stata and EViews.

At the end of this course, the student will have a clear understanding of why 2SLS is used and how it is implemented, and be able to estimate a 2SLS model using empirical data.

Learn the intuition of logic of 2-Stage Least Squares Without Any Mathematics At All!

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What you will learn

• Understand the endogeneity bias
• Understand how the 2-Stage Least Squares model can mitigate the endogeneity bias
• Identify potential instrumental variables for the 2-Stage Least Squares model

Rating: 4.4

Level: All Levels

Duration: 2 hours

Instructor: David Tan