Introductory Econometrics (EC0077)

? Credit Points : 20 ? SCQF Level : 10 ? Acronym : MSE-3-IE

The main aim of the course is to develop students' understanding of how economic relationships can be tested empirically. By considering examples of how such economic models have been dealt with empirically in several areas of economics, the course will provide a basis for students' appreciation and understanding of the use of such techniques in their Honours Options. It will also enable students to carry out their own modelling and estimation, as part of the course and beyond, developing skills frequently expected of contemporary economics graduates in a wide variety of contexts. To this end, exercise sheets and computer laboratory usage are integrated with the lecture material, and play a very important part in the learning process. The course culminates in an assessed project, in which, given a range of topics and appropriate databases, students are required to undertake their own modelling, estimation, evaluation and reporting. Topics to be covered are likely to include: regression analysis; testing economic hypotheses; functional form, a prioris and interpretation; multiple regression, estimation and inference; estimation problems; specification errors, multicollinearity, error term problems, identification; dynamic models, lagged dependent variables; time series analysis, stationary processes and unit roots, vector autoregressions and cointegration; dummy variables; limited dependent variable models; probit, logit and tobit.

Entry Requirements

? Pre-requisites : Hons Entry NOTE: for Economics with Management Science programme EITHER Analysis of Economic Data (EC0045) OR Introductory Economics is a mandatory course in year 3.

? Costs : None

Subject Areas

Home subject area

Economics, (Management School and Economics, Schedule H)

Delivery Information

? Normal year taken : 3rd year

? Delivery Period : Semester 2 (Blocks 3-4)

? Contact Teaching Time : 3 hour(s) per week for 10 weeks

First Class Information

Date	Start	End	Room	Area	Additional Information
10/01/2006	14:00	14:50	Faculty Room North, David Hume Tower	Central

All of the following classes

Type	Day	Start	End	Area
Lecture	Tuesday	14:00	14:50	Central
Lecture	Thursday	14:00	14:50	Central
Lecture	Friday	14:00	14:50	Central

Summary of Intended Learning Outcomes

After successful completion of this course students should have developed their general skills of critical analysis and assessment of empirical economics results, how to diagnose and address estimation problems and to carry out independent empirical investigations.