error. I have intentionally separated out the conceptually more difficult topic of simultaneous equations models in Chapter 16.
Chapter 17, in particular the material on probit, logit, Tobit, and Poisson regression models, is a good introduction to nonlinear econometric methods. Specialized courses that emphasize
applications in labor economics can use the material on sample selection corrections. Duration models are also briefly covered as an example of a censored regression model.
Chapter 18 is much different from the other advanced chapters, as it focuses on more advanced or recent developments in time series econometrics. Combined with some of the more advanced topics in Chapter 12, it can serve as the basis for a second semester course in time series topics, including forecasting.
Most second semester courses would include an assignment to write an original empirical paper, and Chapter 19 should be helpful in this regard.
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