This subject provides you with the necessary skills in statistical and econometric techniques to carry out independent empirical research. This subject presents the theory of multiple regression used to estimate and test the validity of economic and financial relationships. You will study OLS estimation, the Gauss-Markov Theorem, diagnostic tests and … For more content click the Read more button below.
This subject provides you with the necessary skills in statistical and econometric techniques to carry out independent empirical research. This subject presents the theory of multiple regression used to estimate and test the validity of economic and financial relationships. You will study OLS estimation, the Gauss-Markov Theorem, diagnostic tests and GLS estimation. You will also study the applications of these techniques to various empirical examples using Econometrics software.
Capstones provide students with a way of integrating and applying knowledge and skills gained throughout their course.
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Career ready
Work based learning (placement):No
Graduate capabilities
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry
Subject intended learning outcomes
On successful completion you will be able to:
1.
Critically analyse a statistically estimated model of economic or financial relationship.
2.
Demonstrate an understanding of statistical formulas and apply them to specific example.
3.
Use a statistical software package to estimate a model using economic and financial data and carry out and hypothesis tests.
4.
Demonstrate an understanding of the properties of good estimators, the Gauss-Markov Theorem and the assumptions required.
5.
Effectively communicate the results of the model estimation.
Learning activities
Online activities, reading materials, workshop activities and preparation, lab classes, participation in discussion forums online quizzes, research project and final examination
