Department of Economics & International Development, Unit Catalogue 2007/08 |
EC30021 Econometrics 2 |
| Credits: 6 |
| Level: Honours |
| Semester: 2 |
| Assessment: EX 100% |
| Requisites: |
| Before taking this unit you must take EC30020 |
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Aims: The aim of this Unit is to build on the work done in the first semester course unit EC30020 Econometrics 1 taking the analysis of econometrics to a higher level. The emphasis is therefore on introducing the students to a wide range of different techniques currently in use in econometrics, enabling them to critically evaluate econometric work done by others, as well as increasing their ability to do their own empirical work. The emphasis is on both theory and applications in equal measure.
Learning Outcomes: By the end of the semester students will understand a wide variety of econometric techniques and be able to undertake their own econometric analysis making use of those techniques. They will have undertaken empirical work using RATS and LIMDEP. By the end of the unit students will be sufficiently competent in econometrics to pursue a masters in Economics, and will also have assimilated techniques which will be valuable in a commercial environment. Skills: Econometrics. Content: The Unit follows Johnson's classic text to a large extent, although going beyond that in significant areas. Specific topics include: nonlinear least squares; ARIMA modelling; stationarity and cointegration and limited dependent variable analysis. Key texts: * Jack Johnson and John Dinardo Econometrics * Koutsoyiannis Econometrics * Pindyck and Rubinfeld Econometric Models and Economic Forecasts * Cuthbertson, Hall and Taylor Applied Econometric Techniques. |