Unit name | Probability, Statistics and Econometrics |
---|---|
Unit code | EFIM10024 |
Credit points | 20 |
Level of study | C/4 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Proud |
Open unit status | Not open |
Pre-requisites |
Mathematics for Economics |
Co-requisites |
None |
School/department | School of Economics |
Faculty | Faculty of Social Sciences and Law |
Economics, as a social science, relies on analysis of observed data to test and improve theoretical models. This unit introduces the probability and statistical tools that students will need in further years of study. In this unit, students will see topics including:
Students will be able:
Lectures: 36 hours
Classes: 9 hours
Summative assessment
2 hour examination in May/June (75%) This will assess learning outcomes 1-3
Students will be allowed to bring a single A4 sheet of notes into the examination
Portfolio of assignments (25%) - This will assess all learning outcomes
During the term, students will be asked to complete 7 (SEVEN) short assignments, each of which will be collected and marked, with feedback provided. The best 4 (FOUR) of these assignments will then contribute towards the assignment portfolio.
There is no single textbook for this unit, but the following texts will be helpful companions:
Statistics:
Crawshaw, D.J., and Chambers, J.S. (2013) A concise course in Advanced Level Statistics with worked examples
Econometrics
Stock J. and Watson M. (2007) Introduction to Econometrics 3rd edition Pearson Education, New York
Gujarati D. and D. Porter (2010) Essentials of Econometrics (4th Edition) McGraw Hill Irwin