
Course unit details:
Introduction to Econometrics
Unit code | ECON60611 |
---|---|
Credit rating | 15 |
Unit level | FHEQ level 7 – master's degree or fourth year of an integrated master's degree |
Teaching period(s) | Semester 1 |
Offered by | Economics |
Available as a free choice unit? | Yes |
Overview
The aims of this course are to:
(i) provide an introduction to econometric methods that will assist students in understanding empirical research in their field;
(ii) enable students to apply these methods in their own research.
Aims
The aims of this course are to:
(i) provide an introduction to econometric methods that will assist students in understanding empirical research in their field;
(ii) enable students to apply these methods in their own research.
Learning outcomes
At the end of the course students should be able to:
(i) demonstrate their understanding of the appropriate econometric methods for analysing data;
(ii) interpret computer output for the estimation and testing of econometric relationships;
(iii) interpret and discuss results of econometric estimation in the economic context.
Syllabus
Lecture 1 and 2: What Econometrics is about and the Simple Regression Model (Chapters 1 and 2)
Lecture 3: The Simple Regression Model: Estimation and Inference (Chapter 2)
Lecture 4: Multiple Regression I: Estimation (Chapter 4)
Lecture 5: Multiple Regression II: Inference (Chapter 4)
Lecture 6: Asymptotic Inference and Instrumental Variables (Chapter 5 and 15)
Lecture 7: Heteroscedasticity (Chapter 8)
Lecture 8: Categorical variables and Binary response models (Chapter 7 and parts of Chapter 17)
Lecture 9: Introduction to time-series (parts of Chapters 10 and 11)
Lecture 10: Introduction to time-series (parts of Chapters 10 and 11)
The chapter numbers above refer to the main text for this course:
Wooldridge, J.M. (2013) Introductory Econometrics: A Modern Approach, 5th ed., Cengage (If you can get hold of the 4th edition that is absolutely sufficient.)
The lecturer will follow this text closely and it is essential that students buy a copy and use it to support the
Lectures and Tutorials. 10% Introduction to Quantitative Methods in Economics test. 10% Midterm test 20% Coursework Wooldridge, J.M. (2013) Introductory Econometrics: A Modern Approach, 5th ed., Cengage (If you can get hold of the 4th edition that is absolutely sufficient.) The lecturer will follow this text closely and it is essential that students buy a copy and use it to support the lectures. Heiss, F. (2016) Using R for Introductory Econometrics (it is available for free online: http://www.urfie.net/read/mobile/index.html#p=1) Pre-Requisite ECON60901 - Introduction to Quantitative Methods in Economics. Teaching and learning methods
Assessment methods
Method
Weight
Other
40%
Written exam
60%
Recommended reading
Study hours
Scheduled activity hours
Lectures
20
Tutorials
9
Independent study hours
Independent study
121
Teaching staff
Staff member
Role
Ekaterina Kazak
Unit coordinator
Additional notes