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# MA Economics / Course details

Year of entry: 2020

## Course unit details:Introduction to Econometrics

Unit code ECON60611 15 FHEQ level 7 – master's degree or fourth year of an integrated master's degree Semester 1 Economics Yes

### 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.

### 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.

### Teaching and learning methods

Lectures and Tutorials.

### Assessment methods

Method Weight
Other 40%
Written exam 60%

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.

### Study hours

Scheduled activity hours
Lectures 20
Tutorials 9
Independent study hours
Independent study 121

### Teaching staff

Staff member Role
Ekaterina Kazak Unit coordinator

Timetable

Lecture: Wednesday 3pm - 5pm

Tutorial: Thursday 9am - 11am

Pre-requisite: ECON60901 Introduction to Quantitaive Methods