Gwybodaeth Modiwlau
Course Delivery
Delivery Type | Delivery length / details |
---|---|
Lecture | 30 Hours. |
Seminars / Tutorials | 6 Hours. |
Practical | 6 Hours. 6 PC practical workshops |
Assessment
Assessment Type | Assessment length / details | Proportion |
---|---|---|
Semester Assessment | Assessment 1 2 pieces of coursework | 15% |
Semester Assessment | Assessment 2 | 15% |
Semester Exam | 3 Hours | 70% |
Supplementary Assessment | 3 Hours exam and/or resubmission of coursework | 100% |
Learning Outcomes
Having completed the module students will be able to:
* Recognise a set of results from an OLS regression
* Carry out a regression using microfit
* Recognise key diagnostic tests
* Describe the various remedies of these problems
* Assess the policy implications of econometric models
Aims
This module introduces students to linear regression in economics, and the estimation, inference and hypothesis testing procedures involved. It builds from this introduction to help students to understand the implications of the failure of the assumptions which are fundamental to Ordinary Least Squares (autocorrelation, heteroscedasticity and multicollinearity) and the remedies to these failures.
Brief description
This module presents the basics of econometrics governing failure of the Gauss Markov assumptions and the remedy to these problems.
Content
- Description of an Ordinary Least Squares regression
- Key Gauss-Markov assumptions
- Dummy variables
- Multicollinearity
- Autocorrelation + heteroskedasticity
- Erros in the variables
Transferable skills
- Independent work on assessed coursework requiring basic researching skills
- Use of statistical computer software to assess economic performance
- General economic and financial analysis of contemprary issues
Reading List
General TextKoop, Gary. (2000.) Analysis of economic data /by Gary Koop. John Wiley Primo search Maddala, G. S. (1992.) Introduction to econometrics /G.S.Maddala. Maxwell Macmillan International Primo search Pesaran, M.Hashem (1997.) Working with Microfit 4.0 :interactive econometric analysis : [Dos version] /M.Hashem Pesaran and Bahram Pesaran. Oxford University Press Primo search Stewart, J (1991) Econometrics Philip Allan Primo search Recommended Text
Dougherty, C Introduction to Econometrics 2nd Edition Oxford University Press Primo search Gujarati, Damodar N. (2003.) Basic econometrics /Damodar N. Gujarati. McGraw-Hill Primo search
Notes
This module is at CQFW Level 6