Module Provider: |
Economics |
Number of credits: |
20 [10 ECTS credits] |
Level: |
I (Intermediate) |
Terms in which taught: |
Autumn and Spring |
Module Convenor: |
Dr
A
Ferrari |
Pre-requisites: |
EC1F5 or AS1A and AS1B
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Co-requisites: |
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Modules excluded: |
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Module version for: |
2007/8 |
Aims:
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Assessable learning outcomes:
This module is primarily designed to give students a sound theoretical grasp of basic econometrics with an emphasis on the interpretation and critical evaluation of regression results. At the end of the module students should be able to:
Compute point and internal estimates of parameters.
Conduct simple hypotheses tests and be able to use probability tables.
Show familiarity with the assumptions that underlie the application of statistics to economic problems and the reasons why the statistics are used.
Conduct simple and multiple regressions on the computer.
Critically evaluate the quality of an estimated model.
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Additional outcomes:
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Outline content:
The Classical Normal Linear Regression model: Regression as description. A framework for inference. Confidence levels and hypothesis tests. The multiple linear regression model. The F-test. Dummy variables. Building and interpreting empirical econometric models. |
Brief description of teaching
and learning methods:
Lectures will be used for the exposition of the principal concepts, principles and techniques as well as their practical implementation via exercises and regression output analysis. Classes will concentrate further on solving exercises which students are expected to attempt beforehand. The module will make extensive use of IT via the availability of a unit web page and mailing lists. |
Contact hours:
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Autumn |
Spring |
Summer |
| Lectures |
9 x 2 hrs |
5 x 2hrs |
2 x 1 hr |
| Tutorials/seminars |
4 x 1hr |
3 x 1 hr |
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| Practicals |
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| Other contact (eg study visits) |
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| Total hours |
22 |
12 |
2 |
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| Number of essays or assignments |
One end of term test |
One end of term test |
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| Other (eg major seminar paper) |
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Assessment:
Coursework
One written test at the end of the Autumn term and one written test at the end of the module in the Spring term.
Relative percentage of coursework
Coursework has a weight of 20% in the final assessment mark.
Penalties for late submission
Penalties for late submission will be in accordance with the University policy.
Examination
One 2-hour unseen written paper.
Part 2 examinations begin in the fourth week of the Summer term.
Requirements for a pass
A minimum mark of 40%.
Reassessment arrangements
Re-examination for Part 2 modules takes place in August/September of the same year.
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