2014/15 Undergraduate Module Catalogue

LUBS2570 Introduction to Econometrics

10 creditsClass Size: 230

Module manager: Dr Efffie Kesidou
Email: .

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2014/15

Pre-requisites

LUBS1240

Maths&Stats For Bus&Ec 1

This module is not approved as a discovery module

Module summary

This module provides you with an introductory knowledge of applied econometric techniques and relevant software. The module introduces the basic assumptions and interpretation of the linear regression with one regressor. It extends this model to incorporate additional regressors in the multivariate regression analysis. Additionally this module assesses the particular problems that may arise in regression analysis such as, multicollinearity, autocorrelation, heteroskedasticity and omitted variable bias.

Objectives

The aim of this module is to introduce students to the basic tools of econometrics to enable them to use these techniques to test economic theory It also provides the basic explanation of the analysis of modern time series economic data.

Learning outcomes
Upon completion of this module students will be able to:
- Explain and identify basic applied econometric techniques, and econometric theories and methodologies
- Interpret the outcomes of econometric analysis
- Assess the reliability of the results from a regression analysis, namely to evaluate the external and internal validity of a regression analysis

Skills outcomes
Upon completion of this module students will be able to:
Transferable
- Apply analytical and problem solving skills

Subject specific
- Apply econometric techniques and appropriate software to economic, accounting and financial analysis

Syllabus

Indicative content:
- The nature of econometrics
- The basic linear regression model
- Ordinary least squares (OLS)
- Interpretation & assumptions of basic models
- Multivariate regression analysis
- Problems in regression analysis
- Multicollinearity
- Autocorrelation
- Heteroscedasticity
- Omitted variables

Teaching methods

Delivery type	Number	Length hours	Student hours
Computer Class	1	2.00	2.00
Computer Class	3	1.00	3.00
Lecture	21	1.00	21.00
Tutorial	5	2.00	10.00
Private study hours			64.00
Total Contact hours			36.00
Total hours (100hr per 10 credits)			100.00

Opportunities for Formative Feedback

Progress monitoring will take place through the following routes:

- Completion of assignments for bi-weekly seminars and periodic computer sessions;

- Active dialogue using the Group Discussion Forum on the VLE;

- Practice exams (both mid-term and final) available via the VLE;

- Past exam papers with detailed solutions available via the VLE;

- Access to teaching staff in weekly scheduled office hours;

- General feedback given on group performance in the mid-term exam

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	1 hr 00 mins	30.00
Standard exam (closed essays, MCQs etc)	1 hr 00 mins	70.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 23/02/2015

Disclaimer

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