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2010/1 Module Catalogue
 Module Code: ECO2038 Module Title: ECONOMETRICS
Module Provider: Economics Short Name: ECO2038
Level: HE2 Module Co-ordinator: NEWMAN ME Mrs (Economics)
Number of credits: 30 Number of ECTS credits: 15
 
Module Availability
All year
Assessment Pattern
Unit(s) of Assessment

Weighting Towards Module Mark (%)
3 Hour Examination

70
Coursework

30

Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module
Module Overview
This module aims to provide students with the basic mechanics, both in terms of the theoretical background and the practical skills, for carrying out applied econometrics.
Prerequisites/Co-requisites
None
Module Aims
This module aims to provide students with the basic mechanics, both in terms of the theoretical background and the practical skills, for carrying out applied econometrics.
Learning Outcomes

By the end of the module students will:-

  • Have gained experience in the analysis and use of empirical data in economics;
  • Have learnt how to turn an economic model into an econometric model;
  • Be able to provide an economic interpretation of parameters (e.g. in levels and in elasticities);
  • Be able to formulate economic hypotheses as statistical tests and be able to carry out these tests and interpret their results;
  • Have gained experience in the analysis of time series and panel data;
  • Have learnt how to address problems with several estimating equations;
  • Be able to apply a variety of diagnostic tests to estimation and interpret their results;
  • Be able to show how the methods can be implemented using econometric software.
Module Content
The following is an indication of the likely topics to be covered:-
  • The nature of econometrics and economic data
  • Properties of OLS estimators
  • Regression analysis using cross sectional data
  • Regression analysis using qualitative information         
  • Heteroskedasticity
  • Functional form
  • Dynamic models
  • Autocorrelation
  • Simultaneous equation models
  • Panel data
Methods of Teaching/Learning
Lectures (40 hrs) and Classes (20 hrs)
Selected Texts/Journals

Gujarati, D. N. (2003), Basic Econometrics, 4th edition, McGraw-Hill.

Wooldridge, J. M. (2009), Introductory Econometrics, 4th edition, Thomson South-Western
Last Updated
28 September 2010