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Unit information: Foundations of Econometric Theory in 2021/22

Unit name Foundations of Econometric Theory
Unit code EFIM30050
Credit points 20
Level of study H/6
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Hubner
Open unit status Not open

EFIM20011 Econometrics 1 (Minimum mark of 60%) AND
EFIM20036 Econometrics 2 (Minimum mark of 50%)



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

Description including Unit Aims

The course is taught in two parts. The first part covers statistical theory essential for econometrics. It focuses on mathematical properties of probability distributions and sample statistics and on key concepts of statistical inference (estimators, tests, p-values, confidence intervals). The second part is concerned with detailed examination of linear regression and with maximum likelihood estimation.

Intended Learning Outcomes

[1] A good knowledge of fundamental econometric theory

[2] To handle theoretical propositions

[3] Rigorously prove the properties of the estimators

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

Exam (2.5 hours) (100%) Assesses all learning outcomes


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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.

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.