The module will enable you to apply statistical techniques to the estimation and testing of economic models and thereby provide you with the skills necessary both to undertake your own empirical studies and to evaluate empirical work in the published literature.
Aims and Objectives
Having successfully completed this module you will be able to:
- Critically evaluate regression estimates
- Demonstrate knowledge and understanding of models that account for such violations
- Demonstrate knowledge and understanding of basic regression programming in an econometric package
- Understand the implications, test and correct violations of classical linear regression assumptions.
- Evaluate computer output from the OLS, Probit/Logistic, and 2SLS commands.
This module extends the discussion of econometrics presented in the second year module Introduction to Econometrics, focusing on issues that arise in applying the classical linear regression model to actual economic data. We examine the problems associated with specifying economic models in forms which are amenable to estimation and testing using available economic data. Consideration is given to the nature of economic data - the methods by which it is collected and compiled and the difficulties these may present for the applied economist. Methods for testing model specification and alternative techniques for handling problems of misspecification are discussed. The course provides practical experience of applying econometric techniques to economic data using standard statistical software.
Learning and Teaching
Teaching and learning methods
Lectures and Masterclasses
|Total study time||150|
Resources & Reading list
Introductory Econometrics: A Modern Approach. South-Western Cengage Learning.
This is how we’ll formally assess what you have learned in this module.
This is how we’ll assess you if you don’t meet the criteria to pass this module.
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Repeat type: Internal & External