Introduction to Econometrics
This module introduces students to the theory and application of econometrics, building on the statistical methods learned in BEE1022 Introduction to Statistics.
The module introduces methods of empirical analysis which are frequently employed in academia and businesses across many disciplines and industries.
Research in Teaching
Students will study and replicate examples from various empirical research projects in economics.
Full module specification
|Module title:||Introduction to Econometrics|
|Duration of module:||
Duration (weeks) - term 2: |
This module aims to familiarise students with bivariate and multivariate linear regression analysis. The contents of this module form the basis for all econometrics teaching in the undergraduate economics programmes.
ILO: Module-specific skills
- 1. select, fit and interpret linear regression models in the context of economic theory
- 2. recognise, and perform tests for, the common problems that arise in econometric analysis.
ILO: Discipline-specific skills
- 3. acquire an awareness of the role and contribution that elementary econometric methods make in the understanding of models used in the study of economics.
ILO: Personal and key skills
- 4. improve your data analysis skills, your ability to understand certain technical materials and your ability to write concisely about numerical evidence.
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Bi-weekly tutorial problem sets||Weeks 2-11||1-4||Verbal|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|5 online quizzes||10||No more than 20 minutes each||1-4||Online assessment|
|Written Examination||90||2 hours||1-4||Discussion|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Online quizzes and exam||Written examination (100%) 2 hours||1-4||Aug/Sep|
- The Nature of Econometrics
- The Simple Regression Model
- Multiple Regression Analysis: Estimation
- Multiple Regression Analysis: Hypothesis Testing and Confidence Intervals
- Multiple Regression Analysis: Categorical variables and further issues
Indicative learning resources - Basic reading
Wooldridge, J.M. (2014), Introduction to Econometrics, CENGAGE Learning (main textbook).
D.N. Gujarati and D.C. Porter (2009), Basic Econometrics, McGraw-Hill.
G.S. Maddala and K. Lahiri (2009), Introduction to Econometrics, John Wiley & Sons Ltd.
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Last revision date