The role of simulations in econometrics pedagogy
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Date
2014-12
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Abstract
This article assesses the role of simulation methods in econometrics pedagogy. Technological advances have increased researchers' abilities to use simulation methods and have contributed to a greater presence of simulation-based analysis in econometrics research. Simulations can also have an important role as pedagogical tools in econometrics education by providing a data-driven medium for difficult-to-grasp theoretical ideas to be empirically mimicked and the results to be visualized and interpreted accessibly. Three sample blueprints for implementing simulations to demonstrate foundational econometric principles provide a framework for gauging the effectiveness of simulation analysis as a pedagogical instrument.
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Pedagogy, Economics
Citation
Bekkerman, Anton. "The Role of Simulations in Econometrics Pedagogy." WIREs Comput Stat 7, no. 2 (December 2, 2014): 160–165. doi:10.1002/wics.1342.