Department of Economics & International Development, Unit Catalogue 2008/09 |
EC20018 Introduction to econometrics: cross section |
| Credits: 6 |
| Level: Intermediate |
| Semester: 1 |
| Assessment: CW 100% |
| Requisites: |
| Before taking this unit you must take EC10003 and take EC10130 |
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Aims: The aim of the Unit is to provide an introduction to econometric methods for students who have some knowledge of statistical hypothesis testing and regression. The unit follows a systematic approach to model building focusing on formulation, estimation, interpretation and evaluation with a particular emphasis on models which involve the use of cross-sectional data. These concepts will be reinforced through practical workshops, which also provide an opportunity for students to develop investigative skills.
Learning Outcomes: The learning outcomes are that, at the end of the course, students should be able to: * Undertake their own regression analysis using statistical software * Interpret regression results using cross-section data * Appraise the adequacy of regression results and formulate appropriate diagnostic procedures when dealing with cross-sectional data. Skills: Problem-solving, research skills. Content: Topics covered include: the nature of econometrics, bivariate regression analysis, multiple regression analysis, functional form, specification error, muticollinearity, heteroskedasticity, introduction to limited dependent variable methods, pooling cross-sections across time. Key texts: * Gujarati, Basic Econometrics * Wooldridge Introductory Econometrics. |