Programme And Module Handbook
Course Details in 2021/22 Session

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Module Title LI Econometrics
SchoolBirmingham Business School
Department Finance
Module Code 08 35218
Module Lead Danny McGowan
Level Intermediate Level
Credits 20
Semester Semester 1
Restrictions Available to all students who have been allowed onto the second year of a degree programme for which it is compulsory or who have passed either Introduction to Mathematics for Economics or Advanced Mathematics for Economics.
Contact Hours Lecture-40 hours
Seminar-6 hours
Practical Classes and workshops-6 hours
Guided independent study-148 hours
Total: 200 hours
Description This module reviews basic concepts of probability, statistical theory and methods introduced in the first year modules. It develops ideas of random variables, sampling, estimation, hypothesis testing and related aspects of inferential methods in more detail. Two variable and multiple regression models are developed and estimation procedures considered under the classical assumptions as well as violations of these assumptions. Applications to empirical economics are introduced to link the statistical and econometric methods to a range of problems in economics. Weekly problem classes and computer laboratory sessions support the lectures.
Learning Outcomes By the end of the module students should be able to:
  • demonstrate knowledge and critical understanding of econometric theory;
  • apply a range of methods of inference to practical problems in econometrics and empirical economics;
  • interpret econometric results.
Assessment 35218-01 : 45 Min Class Test : Class Test (25%)
35218-02 : 1000 word Essay : Coursework (25%)
35218-03 : 2 Hour Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
Assessment Methods & Exceptions a) Class Test 1, 1 hour, 25%;
b) Class Test 2, 1 hour, 25%;
c) Group Assignment (5000 words for group of up to 6 students), 50%
Reading List