- Academic Session: 2021-22
- School: Adam Smith Business School
- Credits: 20
- Level: Level 5 (SCQF level 11)
- Typically Offered: Semester 2
- Available to Visiting Students: No
- Available to Erasmus Students: No
Econometrics develops knowledge and skills in Advanced Quantitative Methods and provides a solid foundation for further study in applied economics. The course content covers simple and multiple linear time-series regression models, and related topics, and focuses on both methodology and practical applications.
40 hours of lectures (4 hours per week, during 10 weeks) plus 10 hrs of tutorials.
Requirements of Entry
ILO being assessed
Main Assessment In: April/May
This course aims to establish in depth the connection between developing a theoretical economic model and estimating an empirical econometric model, and it will provide a wide range of significant tools, informed by forefront development, necessary for testing economic hypotheses. The focus will be on the deep understanding of the theoretical properties of econometric estimators, such as consistency and asymptotic behaviour, as well as more practical issues such as identifiability of model parameters, computation, and general approaches to statistical inference using economic data.
Intended Learning Outcomes of Course
By the end of this course students will be able to:
1. Critically analyze a wide range of the theoretical and practical issues associated with econometric models
2. Identify, conceptualize, define and motivate a series of estimators and estimation methodologies/algorithms, and their optimal use in various empirical scenarios
3. Demonstrate extensive, detailed and critical knowledge and understanding of concepts and ideas discussed in applied econometrics articles at the forefront.
4. Solve significant specialized applied projects, creatively using a wide range of computer-based packages
5. Collaborate effectively within a group work environment
Minimum Requirement for Award of Credits
Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.