Department of Economics & International Development, Unit Catalogue 2007/08 |
EC50161 Financial econometrics 1 |
| Credits: 6 |
| Level: Masters |
| Semester: 1 |
| Assessment: CW 30%, EX 70% |
| Requisites: |
| In taking this unit you cannot take EC50118 |
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Aims: The unit aims to provide the students with the knowledge and skills necessary to
a) Understand and appreciate the findings of the empirical academic literature in the areas of accounting and finance, and; b) Conduct their own basic investigations over a range of accounting and financial relationships. Learning Outcomes: At the end of the unit students will be expected to be able to: a) Use and interpret the results of the classical regression model b) Use the recommended econometric software to undertake their own empirical investigation. c) Analyse and reflect on empirical results derived using the econometric software. d) Test the validity of simple empirical models using a wide range of diagnostic results. Skills: 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). Content: The Characteristics of Accounting and Financial Data; Testing and categorising financial data types; Estimation, Inference and Modelling using linear models (OLS) in Finance and Accounting. Assessing the various diagnostic tests, particularly those related to problems encountered with accounting and finance data. Introduction to modelling with discrete variables in accounting and finance. |