ECO2009 : Econometric Analysis
- Offered for Year: 2017/18
- Module Leader(s): Dr Jonathan Jones
- Lecturer: Dr Markus Jochmann
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
|Semester 1 Credit Value:||10|
|Semester 2 Credit Value:||10|
The course Empirical Economics Analysis provides students with a grounding in basic econometric methods. The techniques learnt in this course are part of an economist's essential 'tool kit'. It will provide students with an understanding of the basic techniques of multiple regression analysis and enable them to interpret and critically evaluate the results of empirical research in economics.
Outline Of Syllabus
The topics in semester 1 concentrate on single and multiple equation regression models and the application of Ordinary Least Squares (OLS) regression analysis:
1. Ordinary Least Squares (OLS) Model: Background and Estimation
2. Assumption of the OLS model
3. Properties of the OLS model: Unbiasedness and Efficiency
4. Hypothesis Testing
5. Goodness of Fit and Analysis of Variance
6. Functional Forms of Regression Models
7. Multiple Regression Analysis
8. Dummy Variables
The topics in semester 2 concentrate on the implications of OLS regression analysis when the assumptions of the OLS model (covered in semester 1) are relaxed. An understanding of the semester 1 material is therefore essential to the understanding of the material to be covered in semester 2:
12. Model Specification
13. Introduction to time-series econometrics
|Scheduled Learning And Teaching Activities||Lecture||28||1:00||28:00||N/A|
|Guided Independent Study||Assessment preparation and completion||1||64:00||64:00||N/A|
|Guided Independent Study||Directed research and reading||1||50:00||50:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||5||1:00||5:00||N/A|
|Scheduled Learning And Teaching Activities||Workshops||3||1:00||3:00||N/A|
|Guided Independent Study||Independent study||1||50:00||50:00||N/A|
Jointly Taught With
|ECO2099||Econometric Analysis (Study Abroad S1)|
Teaching Rationale And Relationship
Lectures provide the basic technical structure of the methods introduced and an overview of the basic empirical modelling methods.
Seminars provide an opportunity to enhance both theoretical and practical aspects of modelling.
Workshops provide hands-on computer based experience of modelling exercises.
The format of resits will be determined by the Board of Examiners
|Aural Examination||50||1||M||15||In-class test. SCHEDULED IN HOUSE BY SCHOOL.|
|Report||2||M||15||2000 word group report - data and questions provided|
Assessment Rationale And Relationship
The class test assesses progress to date and provides feedback to students at an early stage. The group project is completed towards the end of the course, reinforces computer skills, develops teamwork and aids final preparation for the unseen examination.
The examination tests understanding of the computer based elements of the course as well as that of empirical modelling methods.