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Using Shiny to Teach Econometric Models

Using Shiny to Teach Econometric Models

Using Shiny to Teach Econometric Models

Author:
Shawna K. Metzger, University of Virginia
Published:
May 2021
Availability:
Available
Format:
Paperback
ISBN:
9781108793407

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$25.00 (P) USD
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    This Element discusses how shiny, an R package, can help instructors teach quantitative methods more effectively by way of interactive web apps. The interactivity increases instructors' effectiveness by making students more active participants in the learning process, allowing them to engage with otherwise complex material in an accessible, dynamic way. The Element offers four detailed apps that cover two fundamental linear regression topics: estimation methods (least squares, maximum likelihood) and the classic linear regression assumptions. It includes a summary of what the apps can be used to demonstrate, detailed descriptions of the apps' full capabilities, vignettes from actual class use, and example activities. Two other apps pertain to a more advanced topic (LASSO), with similar supporting material. For instructors interested in modifying the apps, the Element also documents the main apps' general code structure, highlights some of the more likely modifications, and goes through what functions need to be amended.

    Product details

    • Published: May 2021
    • Format: Adobe eBook Reader
    • ISBN: 9781108879859
    • Length: 0 pages
    • Availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.

    Table of Contents

    • 1. Introduction
    • 2. Modifying the apps
    • 3. Defining 'best': estimation
    • 4. Linear model assumptions
    • 5. Encore: shrinkage methods
    • 6. Concluding remarks.
    Resources for
    Type
    Code Ocean Capsule

    Author

    Shawna K. Metzger , University of Virginia