This module studies basic econometric techniques. An intuitive and practical learning style will be used in order to develop participants understanding and ability to apply these econometric methods. Participants will develop an understanding of the conventional linear regression model in cross section, time series and panel data. The module focuses on the application of econometric methods, with little emphasis on the mathematical aspects of the subject. A computer software package will be used for practical work throughout this module, both as a means to provide applications of the theory developed in lectures as well as to give experience in the use of such software for participants own empirical research. No previous knowledge of computing or econometrics is required.
Total contact hours: 33
Private study hours: 117
Total study hours: 150
This is a compulsory module for the:
- MSc in Economics
- MSc in Economics and Econometrics
- MSc in Development Economics
- MSc in Financial Economics
- MSc in Quantitative Finance and Econometrics
- MSc in International Finance and Economics
Method of assessment
Moodle Quiz (15%)
Computer Based Project (25%)
Examination (2 hours): 60%
**Please note that the exam in May/June 2023 will be Online (24 hour window)**
Reassessment methods: 100% Exam
Reading list (Indicative list, current at time of publication. Reading lists will be published annually)
Wooldridge, Jeffrey. Introductory Econometrics: A Modern Approach. 5th Edition. South-Western, 2013.
Baum, Christopher. Introduction to Modern Econometrics Using STATA. STATA Press, 2006.
Kennedy, Peter. A Guide to Econometrics. 6th Edition. John Wiley and Sons Ltd, 2008.
This list will be augmented by chapters form Handbook of Econometrics and articles from academic journals.
See the library reading list for this module (Canterbury)
The intended subject specific learning outcomes.
On successfully completing the module students will be able to:
Critically understand advanced economic theory and quantitative methods at high level of generalization and apply them to a range of economic questions.
Perform and interpret the results of advanced specification tests
Evaluate model adequacy using comprehensive diagnostic tests and alternative innovative criteria
Creatively undertake unsupervised practical work using appropriate software at the advanced level
Critically interpret the empirical economic research of others and identify gaps and controversial questions in the existing empirical literature
Analyse and report in writing on own and others' empirical economic results. Identify appropriate economic models to analyse complex economic problems.
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Credit level 7. Undergraduate or postgraduate masters level module.
- ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
- The named convenor is the convenor for the current academic session.
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