Department of Economics, Unit Catalogue 2009/10 |
ES20016: Introduction to econometrics: time series (formerly EC20019) |
 Credits:
| 6 |
| Level:
| Intermediate |
| Period: | Semester 2 |
| Assessment:
| CW 100% |
| Supplementary Assessment: | Like-for-like reassessment (where allowed by programme regulations) |
| Requisites:
| Before taking this unit you must take ES20015 |
| Description: | Aims: The aim of the Unit is to provide an introduction to time-series econometric methods for students who have done a basic course in econometrics (Introduction to Econometrics: cross section). The unit describes how to formulate an economic model, estimate the model, interpret and evaluate the results, and our aim is that students will learn these concepts through practical classes, which will lead them to investigative/research skills. Learning Outcomes: The learning outcomes are that, at the end of the course, students should be able to: * Formulate and conduct time series analysis on economic data using E-Views. * Interpret and evaluate results as applied to time-series data * Appraise the adequacy of the results and formulate appropriate diagnostic procedures. Skills: Problem-solving, research skills. Content: Topics covered include: static and dynamic models, general-to-specific modelling strategy, forecasting and prediction, autocorrelation, stationarity, cointegration and error correction models, introduction to multiple equation models. Key text: Gujarati, Basic Econometrics. |