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Programme & Unit Catalogues

## ES30027: Econometrics 1

Academic Year: 2015/6
Owning Department/School: Department of Economics
Credits: 6
Level: Honours (FHEQ level 6)
Period: Semester 1
Assessment Summary: EX 100%
Assessment Detail:
• Examination (EX 100%)
Supplementary Assessment: Reassessment not allowed
Requisites: Before taking this module you must take ES20069
Description: Aims:
To develop the student's understanding of econometrics beyond the second year level, enabling him/her to use STATA, 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 STATA. The emphasis is on both theory and applications in equal measure.

Skills:
Econometrics.

Content:
The unit follows Johnston and DiNardo's and Verbeek's classic texts to a large extent. Specific topics include: algebra revision; 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 Econometric Methods
Marno Verbeek A Guide to Modern Econometrics
William H. Greene Econometric Analysis
Pindyck and Rubinfeld Econometric Models and Economic Forecasts
Cuthbertson, Hall and Taylor Applied Econometric Techniques.
Programme availability:

#### ES30027 is Optional on the following programmes:

Department of Economics
• UHES-AFB03 : BSc(Hons) Economics (Year 3)
• UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
• UHES-AFB02 : BSc(Hons) Economics and International Development (Year 3)
• UHES-AKB02 : BSc(Hons) Economics and International Development with Year long work placement (Year 4)
• UHES-AFB01 : BSc(Hons) Economics and Politics (Year 3)
• UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
Department of Mathematical Sciences
• USMA-AFB15 : BSc(Hons) Mathematical Sciences (Year 3)
• USMA-AAB16 : BSc(Hons) Mathematical Sciences with Study year abroad (Year 4)
• USMA-AKB16 : BSc(Hons) Mathematical Sciences with Year long work placement (Year 4)
• USMA-AFB13 : BSc(Hons) Mathematics (Year 3)
• USMA-AAB14 : BSc(Hons) Mathematics with Study year abroad (Year 4)
• USMA-AKB14 : BSc(Hons) Mathematics with Year long work placement (Year 4)
• USMA-AFM14 : MMath(Hons) Mathematics (Year 3)
• USMA-AFM14 : MMath(Hons) Mathematics (Year 4)
• USMA-AAM15 : MMath(Hons) Mathematics with Study year abroad (Year 4)
• USMA-AKM15 : MMath(Hons) Mathematics with Year long work placement (Year 4)
• USMA-AKM15 : MMath(Hons) Mathematics with Year long work placement (Year 5)
• USMA-AFB05 : BSc(Hons) Statistics (Year 3)
• USMA-AAB06 : BSc(Hons) Statistics with Study year abroad (Year 4)
• USMA-AKB06 : BSc(Hons) Statistics with Year long work placement (Year 4)

Notes:
* This unit catalogue is applicable for the 2015/16 academic year only. Students continuing their studies into 2016/17 and beyond should not assume that this unit will be available in future years in the format displayed here for 2015/16.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.