Skip to main navigationSkip to main content
The University of Southampton

ECON2032 Methods of Econometrics

Module Overview

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

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Understand the implications, test and correct violations of classical linear regression assumptions.
  • Demonstrate knowledge and understanding of models that account for such violations
  • Demonstrate knowledge and understanding of basic regression programming in an econometric package
  • Evaluate computer output from the OLS, Probit/Logistic, and 2SLS commands.
  • Critically evaluate regression estimates


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

Independent Study122
Total study time150

Resources & Reading list

Introductory Econometrics: A Modern Approach. 



MethodPercentage contribution
Assignment 70%
Problem sets 15%
Quizzes 15%


MethodPercentage contribution
Assignment 100%


MethodPercentage contribution
Assignment 100%

Repeat Information

Repeat type: Internal & External

Linked modules


To study this module, you will need to also study the following module(s):

ECON2026Introduction to Econometrics


Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Books and Stationery equipment

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase reading texts as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at

Share this module Share this on Facebook Share this on Twitter Share this on Weibo
Privacy Settings