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Module Title
LH Statistical Methods in Economics
School
Mathematics
Department
Mathematics
Module Code
06 30559
Module Lead
Nick Webber
Level
Honours Level
Credits
20
Semester
Full Term
Pre-requisites
Co-requisites
Restrictions
Available only to students on the Jinan Dual Degree programmes
Contact Hours
Lecture-44 hours
Practical Classes and workshops-4 hours
Supervised time in studio/workshop-24 hours
Guided independent study-128 hours Total: 200 hours
Exclusions
Description
This course is designed for students with limited or no prior economic theory background. It emphasizes the understanding of quantitative methods, model evaluations, and the techniques for empirical studies in economics. This module starts with an introduction to general economic concepts, then it will cover the basics and extension of ordinary least square methods, heteroscedasticity, autocorrelation, multicollinearity, model specifications, simultaneous equation models, binary and discrete choice models, qualitative and limited dependent variable models, time series analysis, panel data models, and nonparametric analysis with their applications in Economics. Students will gain hands-on experience formulating and estimating models, interpreting results, and making forecasts.
Learning Outcomes
By the end of the module students should be able to:
demonstrate an understanding of the nature of statistical inferential procedures involved in analysing economic data;
formulate models to solve some empirical economic problems;
apply appropriate statistical methods and techniques to understand relationships among variables;
use statistical computing programme, for instance SAS/SPSS or similar;
demonstrate an understanding of the power and limitations of applied statistical analysis;
perform and present research by using relevant data and statistical tools
Assessment
30559-01 : Raw Module Mark : Coursework (100%)
Assessment Methods & Exceptions
Assessment: 3 hour examination (80%), work done during semester (20%)
Reassessment: best of 3 hour resit examination (100%) or 3 hour resit examination (80%) and work done during the semester (20%)
Other
Delivery Location: Jinan University, China via Flying Faculty