Module Descriptors
INTRODUCTION TO ECONOMETRICS
XXSE50115
Key Facts
Faculty of Business, Education and Law
Level 5
15 credits
Contact
Leader: Peter Considine
Email: P.J.Considine@staffs.ac.uk
Hours of Study
Scheduled Learning and Teaching Activities: 36
Independent Study Hours: 114
Total Learning Hours: 150
Assessment
- CLASS-TEST weighted at 50%
- CLASS-TEST - SECOND CLASS TEST weighted at 50%
Module Details
Module Resources
Library
IT Suite
Microfit 4.0
IT Suite
Microfit 4.0
Module Special Admissions Requirements
Have studied a Level 1 module in Introductory Economics or equivalent.
Module Additional Assessment Details
2 class tests of 1 hour.
1st class Test - 50% (Tests Learning Outcomes 1 and 2)
2nd class Test - 50% (Tests All Learning Outcomes)
1st class Test - 50% (Tests Learning Outcomes 1 and 2)
2nd class Test - 50% (Tests All Learning Outcomes)
Module Indicative Content
In this module you will be introduced to some of the key elements associated with the statistical testing of economic (and business-related) theory. The module will introduce you to the classical linear regression model, and its estimation by ordinary least squares. You will learn how to interpret estimates from the model in terms of the underlying theory and also to assess their statistical significance. Some problems with the classical model will be noted.
Module Learning Strategies
The learning strategy for the module requires students to commit 150 learning hours of which there will be 36 hours of class support and 114 hours of independent and self-directed study, (24 hours of formal lectures/large group activities, 12 hours of tutorials).
Each week the tutor will introduce a topic and in so doing initially ask members of the class for their comments. Structured homework exercises will be given from the recommended text and discussed in a subsequent class. It is expected that students will follow the recommended text closely in addressing the homework tasks. You will be introduced to relevant computer packages and you will be required to use these in your independent learning time.
Each week the tutor will introduce a topic and in so doing initially ask members of the class for their comments. Structured homework exercises will be given from the recommended text and discussed in a subsequent class. It is expected that students will follow the recommended text closely in addressing the homework tasks. You will be introduced to relevant computer packages and you will be required to use these in your independent learning time.
Module Texts
Gujarati, D. (1999) Essentials of Econometrics (Second edition), McGraw-Hill (ISBN 0-07-116306-9).
Wooldridge J M, (2006) Introductory Econometrics, Thompson
Wooldridge J M, (2006) Introductory Econometrics, Thompson