ES30027: Advanced econometrics 1
[Page last updated: 02 August 2022]
Academic Year:  2022/23 
Owning Department/School:  Department of Economics 
Credits:  6 [equivalent to 12 CATS credits] 
Notional Study Hours:  120 
Level:  Honours (FHEQ level 6) 
Period: 
 Semester 1

Assessment Summary:  EX 100% 
Assessment Detail:  
Supplementary Assessment: 
 Likeforlike reassessment (where allowed by programme regulations)

Requisites: 
Before taking this module you must take ES20069 OR take ES20159

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.

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.

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.

Programme availability: 
ES30027 is Optional on the following programmes:
Department of Economics
 UHESAFB03 : BSc(Hons) Economics (Year 3)
 UHESAAB03 : BSc(Hons) Economics with Study year abroad (Year 4)
 UHESAKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
 UHESAFB04 : BSc(Hons) Economics and Mathematics (Year 3)
 UHESAAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 4)
 UHESAKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 4)
 UHESACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 4)
 UHESAFB01 : BSc(Hons) Economics and Politics (Year 3)
 UHESAAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 4)
 UHESAKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
 UHESACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 4)
 UHESACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 4)
Department of Mathematical Sciences
 USMAAFB15 : BSc(Hons) Mathematical Sciences (Year 3)
 USMAAAB16 : BSc(Hons) Mathematical Sciences with Study year abroad (Year 4)
 USMAAKB16 : BSc(Hons) Mathematical Sciences with Year long work placement (Year 4)
 USMAAFB13 : BSc(Hons) Mathematics (Year 3)
 USMAAAB14 : BSc(Hons) Mathematics with Study year abroad (Year 4)
 USMAAKB14 : BSc(Hons) Mathematics with Year long work placement (Year 4)
 USMAAFB05 : BSc(Hons) Statistics (Year 3)
 USMAAAB06 : BSc(Hons) Statistics with Study year abroad (Year 4)
 USMAAKB06 : BSc(Hons) Statistics with Year long work placement (Year 4)
 USMAAFM14 : MMath(Hons) Mathematics (Year 3)
 USMAAFM14 : MMath(Hons) Mathematics (Year 4)
 USMAAAM15 : MMath(Hons) Mathematics with Study year abroad (Year 4)
 USMAAKM15 : MMath(Hons) Mathematics with Year long work placement (Year 4)
 USMAAKM15 : MMath(Hons) Mathematics with Year long work placement (Year 5)

Notes:  This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
 Programmes and units are subject to change 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 prerequisite rules.
 Find out more about these and other important University terms and conditions here.
