This module will provide students with an understanding of modern advanced econometric procedures, with emphasis placed on interpreting econometric results and critically evaluating the techniques employed. It will start with a technical review of the classical linear model, examining the implications when the key assumptions are violated. This will be followed by a general survey of the main techniques in the applied literature. Both computer and econometric classes will support the lectures, providing examples of specific practical problems.
Learning Outcomes
By the end of the module students should be able to:
Demonstrate a comprehensive knowledge and advanced understanding of traditional econometrics;
Identify and critically appraise recent developments in advanced econometrics techniques and their application;
Synthesise econometric studies in the empirical literature and critically analyse the results and the approaches adopted.