- Academic Registry
Programme & Unit Catalogues


ES50100: Econometric theory

[Page last updated: 02 August 2022]

Academic Year: 2022/23
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 1
Assessment Summary: CW 30%, EX 70%
Assessment Detail:
  • Coursework (CW 30%)
  • Exam (EX 70%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
Learning Outcomes: At the end of the unit students will be expected to be able to:
a) prove convergence results using laws of large numbers and the central limit theorem;
b) use and interpret the results of the econometric models;
c) test the validity of the empirical models using a wide range of diagnostic tools;
d) use econometric software to perform basic empirical analysis.

Aims: The unit aims to provide students with an introduction to the basic concepts in modern econometric theory and to software packages that may be used to conduct econometric analysis.

Skills: Abstraction and analytic skills (A)
Information gathering and Synthesis (A)
Use of Information Technology (F/A)
Time Management and Planning (A)
Numeracy Skills (T/A)

Content:
* Basic probability theory: multivariate distributions, covariances, random vectors;
* Convergence: convergence concepts, laws of large numbers, central limit theorem;
* Regression theory and hypothesis tests;
* Heteroskedasticity;
* Structural breaks;
* Discrete choice models;
* Panel data models.

Programme availability:

ES50100 is a Designated Essential Unit on the following programmes:

Department of Economics

ES50100 is Compulsory on the following programmes:

Department of Economics

Notes:

  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.