| Module Identifier |
EC36120 |
| Module Title |
ECONOMETRICS 1 |
| Academic Year |
2001/2002 |
| Co-ordinator |
Mr Bruce Morley |
| Semester |
Semester 1 |
| Course delivery |
Lecture | 10 Hours |
| |
Practical | 10 Hours Computer practical plus Class Essay - 5 hours |
| Assessment |
Course work | Coursework element is based on an assignment which entails the preparation of a report based on the computer practical work | 40% |
| |
Exam | 2 Hours | 60% |
Aims
This module leads on from EC30900, aiming to give a more advanced approach to econometrics. Particular emphasis is on applied work using Microfit with topics in a wide area of time series analysis being covered.
Brief description
This module provides a thorough treatment of some advanced topics in econometrics.
Content
-
Brief review of OLS
-
Dynamic models
-
Hendry's design criteria
-
ARIMA and ARCH models
-
Simultaneous equation bias
Learning outcomes
On completion students should have an extensive knowledge of time series techniques, especially dynamic modelling and advanced diagnostic tasks.
The students should have gained experience with Microfit and be able to complete the econometric investigation of small scale projects. In addition to dynamic modelling they should also be able to recognise the circumstances when simultaneous equation analysis is appropriate. They should be able to interpret econometric results with regard to policy changes and recent developments in the UK economy.
Transferable skills
-
Independent work on assessed coursework requiring basic researching skills
-
Contribution to seminar discussion and debate
-
Use of statistical computer software packages and general IT skills
Reading Lists
Books
Gujarati, D. (1995)
Basic Econometrics. 3rd.
Enders, W. (1995)
Applied Econometrics Time Series.
Johnson, J and Dinardo, J. (1997)
Econometric Methods. 4th.