Department of Economics, Unit Catalogue 2010/11 |
ES20069: Introduction to econometrics |
 Credits:
| 12 |
| Level:
| Intermediate |
| Period: | This unit is available in... |
| Academic Year |
| Assessment:
| CW100 |
| Supplementary Assessment: | Supplementary assessment information not currently available (this will be added shortly) |
| Requisites:
| Before taking this unit you must take ES10003 and take ES10005 |
| Description:
| Aims: The aim of the Unit is to provide an introduction to econometric methods for students who have some knowledge of statistical hypothesis testing and regression. The unit follows a systematic approach to model building focusing on formulation, estimation, interpretation and evaluation. These concepts will be reinforced through practical workshops, which also provide an opportunity for students to develop investigative skills. Learning Outcomes: At the end of the course unit students should be able to: * Undertake their own regression analysis using specialist statistical software; * Interpret regression results using data; * Appraise the adequacy of regression results and formulate appropriate diagnostic procedures when dealing with data. Skills: Problem-solving, research skills. Content: Topics covered include: the nature of econometrics, bivariate regression analysis, multiple regression analysis, specification error, muticollinearity, heteroskedasticity, autocorrelation, stationarity, cointegration and error correction models, binary choice modelling. Key texts: * Gujarati, Basic Econometrics * Wooldridge, Introductory Econometrics. |