'Econometrics' is the measurement ('metrics') of Economics ('econ'). In other words, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference" (Samuelson et al., 1954). This module aims to provide an introduction to the fundamental theoretical concepts and applications of econometrics. The course gives students an understanding of the science and art of determining what type of empirical model to build, estimating the parameters of the model, testing the model adequacy, and conduct hypothesis testing to answer practical questions in policy analysis. Students will also learn how to do applied econometrics using STATA software package.
Please note that module information is indicative and may change year to year
2-hour lectures weekly, 6x 1-hour lab-based seminars, 1x 2-hour STATA surgery session in week 1
Module assessment - more information
6x handwritten problem sets (10%), group work project (40%) & 2-hour examination (50%)