The University of Southampton
Courses

ECON2026 Introduction to Econometrics

Module Overview

The module examines the specification of econometric models and their estimation and testing using available data. It considers the nature of economic data, the methods by which they are compiled and the problems they may present for the econometrician. It teaches both techniques of estimation together with methods for testing and evaluating results.

Aims and Objectives

Module Aims

To provide an introduction to the nature and use of empirical investigation in economics

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Demonstrate ability to run a simple regression using either EViews or STATA and interpret carefully the result
  • Detect problems like multicollinearity, heteroskedasticity, omitted variables.

Syllabus

The module examines the specification of econometric models and their estimation and testing using available data. It considers the nature of economic data, the methods by which these data are compiled and the problems they may present for the econometrician. It teaches both techniques of estimation together with methods for testing and evaluating results. Emphasis is placed on providing you with practical experience of working with actual economic data sets and using a standard econometric package (i.e. STATA) for data analysis.

Learning and Teaching

Teaching and learning methods

There will be a 2-hour lecture each week, plus a series of masterclasses

TypeHours
Independent Study122
Teaching28
Total study time150

Assessment

Assessment Strategy

The final mark for the course will be determined on the basis of a 2h final examination at the end of the semester (80%) and of two assignments (20% in total, 10% each). The main objective of the assignments is to provide preparation for the final exam. The 2 assignments, if submitted by the deadlines, will be marked and be part of the course assessment. In the event of you having to resit this unit, your coursework marks will not be carried forward.

Summative

MethodPercentage contribution
Exam  (2 hours) 80%
Problem sets 20%

Referral

MethodPercentage contribution
Exam 100%

Linked modules

Prerequisites: ECON1007 and ECON1008 (or ECON1005) and ECON1008

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