Department of Economics, Unit Catalogue 2009/10 |
ES30027: Econometrics 1 (formerly EC30020) |
 Credits:
| 6 |
| Level:
| Honours |
| Period: | Semester 1 |
| Assessment:
| EX 100% |
| Supplementary Assessment: | Reassessment not allowed |
| Requisites:
| Before taking this unit you must take ES20015 and take ES20016 |
| Description: | Aims: The aim of the unit is to develop the student's understanding of econometrics beyond the second year level, enabling him/her to use RATS, a widely used computer package program, and to be confident with the use of matrix algebra. Learning Outcomes: Students should gain an ability to critically evaluate econometric work done by others, in e.g. journals, as well as increase their ability to do their own empirical work. By the end of the semester students will be more confident in their use of matrix algebra, the language of econometrics, and its application to econometric problems. They will have undertaken empirical work using computer packages such as RATS. The emphasis is on both theory and applications in equal measure. Skills: Econometrics. Content: The Unit follows Johnston's classic text to a large extent. Specific topics include: ordinary least squares; measures of goodness of fit; two stage least squares; serial correlation; heteroscedasticity; lag structures; errors in variables; measurement errors, nonlinear least squares, stationarity and cointegration and limited dependent variables. Key texts: * Jack Johnston and John Dinardo Econometrics * Pindyck and Rubinfeld Econometric Models and Economic Forecasts * Cuthbertson, Hall and Taylor Applied Econometric Techniques. |