Background information:
The task is to address an economic issue and use data to describe and analyse it.
The criteria for a successful portfolio task are primarily focused on the econometrics, the correct and appropriate use of the methods, and observations that are concerned of the econometric issues. The topic itself does not need to be solidly grounded in an economic theory, it could be something exploratory, however, do keep in mind that you will need to interpret and discuss the model and findings in terms of the economic problem you are looking at.
The portfolio will be combined of data description and 3 separate tasks. Each task builds on the previous, and the techniques to be exemplified in each will relate to the textbook chapters 3,4, and 6. The complete portfolio is to be submitted in one piece at the end of the portfolio task, the complete portfolio will be assessed against the expected style and knowledge covered by that time. Formative feedback is offered throughout
The data should be cross-sectional (no time series, no panels). Some suggestions for places to go to find data are: OECD, DataHub, Fred, the world bank and IMF. Using Stata
The topic I am trying to explore is "Do higher education lead to higher income nowadays"
What type of correlated data, cross-sectional data could I include or find in my study? E.g. correlated with GDP
