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ECO3008 : Advanced Econometric Analysis

  • Offered for Year: 2019/20
  • Module Leader(s): Dr Hugh Metcalf
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semester 1 Credit Value: 10
ECTS Credits: 5.0


To further develop the understanding of econometrics as a tool in economic analysis.

This module is a further investigation into econometric methods and techniques. It starts with a review of OLS and then considers other estimation problems that the applied researcher may encounter. It is a particularly useful module for students intending to undertake empirical analysis in their dissertations, intending to take a Masters course or for those who are considering entering into employment involving numerical analysis.

Outline Of Syllabus

The syllabus covers a range of topics, including:
A revision of OLS and matrix algebra
Extending OLS
Maximum Likelihood
Panel Data
Simultaneous equation models

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion131:0031:00N/A
Scheduled Learning And Teaching ActivitiesLecture151:0015:00N/A
Scheduled Learning And Teaching ActivitiesPractical11:001:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00N/A
Guided Independent StudyIndependent study125:0025:00N/A
Jointly Taught With
Code Title
ECO3019Dissertation Part 1
Teaching Rationale And Relationship

1) Lectures provide the overall structure of the course and the main medium for transfer of the central ideas.

2) Seminars, based around discussions of problem sheet enhance learning.

3) Private study, often using recommended text(s) provides a thorough background for reinforcing ideas and examination preparation.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination1201A80N/A
Other Assessment
Description Semester When Set Percentage Comment
Written exercise1M20In-class test
Formative Assessments
Description Semester When Set Comment
Prob solv exercises1MPractice questions are available
Assessment Rationale And Relationship

The class test is both summative and formative. The in-class contains multiple choice and short answer questions, but tests knowledge gained in the early part of the course. It provides early evidence which can confirm good progress or a early indication that performance may need to improve. The final examination test students ability to exploit and explain methods and models.

Reading Lists