Econometrics

• Credit value: 30 credits at Level 7
• Convenor: Dr Walter Beckert
• Assessment: two examinations (75%) and a 5000-word project (25%)

In this module we introduce you to theoretical and applied econometrics, and actually 'doing' applied econometrics. This involves combining economic theory, statistical methods and an understanding of the data with the ability to use the appropriate software and interpret the output. We will focus on time-series methods and micro-econometrics. 

By the end of this module, you will be able to:

• derive standard estimators (OLS, ML, GMM) and understand their properties
• explain the basis for standard exact and asymptotic tests and use them in practice
• develop and analyse basic univariate and multivariate time-series models for integrated and cointegrated data and know how to choose between alternative models
• use standard econometrics packages and interpret their output
• read, understand and explain empirical articles in the literature of the sort that appear in Economic Journal or American Economic Review
• conduct and report on an independent piece of empirical research that uses advanced econometric techniques.