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ES50100: Econometric theory

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework 1 (CW 30%)
  • Coursework 2 (CW 70%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Description: Aims:
The unit aims to provide students with an introduction to the basic concepts in modern econometric theory and to software packages that may be used to conduct econometric analysis.

Learning Outcomes:
At the end of the unit students will be expected to be able to:
a) prove convergence results using laws of large numbers and the central limit theorem;
b) use and interpret the results of the econometric models;
c) test the validity of the empirical models using a wide range of diagnostic tools;
d) use econometric software to perform basic empirical analysis.

Abstraction and analytic skills (A)
Information gathering and Synthesis (A)
Use of Information Technology (F/A)
Time Management and Planning (A)
Numeracy Skills (T/A)


* Basic probability theory: multivariate distributions, covariances, random vectors;
* Convergence: convergence concepts, laws of large numbers, central limit theorem;
* Regression theory and hypothesis tests;
* Heteroskedasticity;
* Structural breaks;
* Discrete choice models;
* Panel data models.
Further information on programme availabilityProgramme availability:

ES50100 is a Designated Essential Unit on the following programmes:

Department of Economics

ES50100 is Compulsory on the following programmes:

Department of Economics