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Unit information: Econometrics 2 for Economics and Finance in 2022/23

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Econometrics 2 for Economics and Finance
Unit code ECON20006
Credit points 20
Level of study I/5
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Mr. Monardo
Open unit status Not open
Units you must take before you take this one (pre-requisite units)

ECON20004 Econometrics 1

Units you must take alongside this one (co-requisite units)

None

Units you may not take alongside this one

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Unit Information

Why is this unit important?

Economics, as a social science, relies on analysis of observed data to test and improve theoretical models, with econometrics providing the tool to build causal relationships between economic variables. In this unit, you will build upon the material covered in Econometrics 1, with a shift in focus towards applying econometrics to problems in economics.

In the unit, you will further develop the econometric toolkit of a modern economist, including tools such as:

  • The linear model
  • Time series regression
  • Applied techniques used in modern macroeconomics
  • Heteroskedasticity and the GLS/WLS estimator
  • Limited dependent variables
  • Panel Data.

How does this unit fit into your programme of study?

This unit builds upon the methods introduced in Econometrics 1, and adds to your understanding of modern econometrics. The techniques developed within this unit will be essential for students completing applied projects in the Applied Economics Dissertation, and an understanding of the methods used will be important to engage with empirical literature in applied, final-year units.

Your learning on this unit

At the end of the unit students will:

  1. be able to solve algebraic models to obtain properties of statistical estimators
  2. be able to perform and interpret econometric analysis using a statistical software package
  3. be able to explain the meaning of econometric results and provide an economic interpretation

How you will learn

Teaching will be delivered through a combination of large and small group classes, supported by online resources

How you will be assessed

Tasks which count towards your unit mark

  • Examination (2 hours) (80%)
  • Coursework (20%)

Each assessment assesses all learning outcomes

When assessment does not go to plan

Reassessment will be via a single 2 hour examination.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ECON20006).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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