EC252-5-SP-CO:
Introduction to Econometric Methods
2016/17
Economics
Colchester Campus
Spring
Undergraduate: Level 5
Current
15
01 August 2002
Requisites for this module
EC114 or BE300 or MA108
(none)
(none)
GV200
BE333, EC352
BSC 0E45 Economics (Including Placement Year),
BSC L101 Economics,
BSC L103 Economics (Including Foundation Year),
BSC L107 Economics (Including Year Abroad),
BSC L1G1 Economics with Mathematics,
BSC L1G3 Economics with Mathematics (Including Placement Year),
BSC L1GC Economics with Mathematics (Including Year Abroad),
BSC 0Q64 Financial Economics (Including Placement Year),
BSC L114 Financial Economics,
BSC L117 Financial Economics (Including Foundation Year),
BSC L194 Financial Economics (Including Year Abroad),
BSC 5H18 International Economics (Including Placement Year),
BSC L116 International Economics,
BSC L161 International Economics (Including Foundation Year),
BSC L162 International Economics (Including Year Abroad),
BSC 5M00 Management Economics (Including Placement Year),
BSC L109 Management Economics,
BSC L191 Management Economics (Including Foundation Year),
BSC L193 Management Economics (Including Year Abroad)
This module provides an introduction to the econometric methods commonly used to analyse economic data. The focus of the module is on linear regression and the ordinary least squares (OLS) estimation procedure. This is introduced after a review of basic probability, random variables, simple descriptive statistics and the concept of the null hypothesis. Students will then be taught about how t-tests and F-tests can be used to make inferences about the estimated parameters and what diagnostic tests are available to test some of the assumptions of the simple OLS model. Then the module will move onto the question of identification and model specification, the concepts and implications of consistency and efficiency. The module will be taught throughout using the Stata software package and always using economic examples using real data.
Upon successful completion of this module students will have learned how to carry out simple statistical and econometric calculations. In addition they will possess the ability to understand and assess critically empirical findings reported in the applied economics literature. In addition, they should be able to use the linear regression model and the econometric methods developed for the linear regression model in order to conduct a simple econometric investigation of an empirical issue of interest. In completing tests/assignments, students will demonstrate their problem-solving analytical and deductive skills.
This module delivers key employability skills of adoption of new techniques and project management (Career Development), and reflection and evaluation (Personal Development Planning). The key academic skills delivered by the module are detailed in the Key Skills table. See the Departmental web pages at http://www.essex.ac.uk/economics/careers/employ%20skills.aspx.
No information available.
No information available.
Coursework consists of one test and one econometrics exercise
Compulsory for:
Year 2 Economics students
2 one hour lectures and one class per week in one term
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
EC252 ECONOMETRICS EXERCISE |
|
|
| Written Exam |
EC252 Test |
|
|
| Exam |
Main exam: 120 minutes during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Abhimanyu Gupta
For further information, send an email message to ueco@essex.ac.uk.
Yes
Yes
No
Dr Fabio Riccardo Arico
The University of East Anglia
Senior Lecturer
Available via Moodle
Of 146 hours, 127 (87%) hours available to students:
18 hours not recorded due to service coverage or fault;
1 hours not recorded due to opt-out by lecturer(s).
Economics
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