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ES50100: Econometric theory

[Page last updated: 12 August 2021]

Academic Year: 2021/2
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Semester 1
Assessment Summary: CW 30%, EX 70%
Assessment Detail:
  • Coursework (CW 30%)
  • Exam (EX 70%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
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.

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)

* 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.

Programme availability:

ES50100 is a Designated Essential Unit on the following programmes:

Department of Economics

ES50100 is Compulsory on the following programmes:

Department of Economics


  • This unit catalogue is applicable for the 2021/22 academic year only. Students continuing their studies into 2022/23 and beyond should not assume that this unit will be available in future years in the format displayed here for 2021/22.
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