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Unit of study_

ECMT5001: Principles of Econometrics

The unit develops the basic principles of data description and analysis, the idea of using the concept of probability to model data generation, and the statistical concepts of estimation and statistical inference, including hypothesis testing. It then develops these concepts and techniques in the context of the linear regression model to show how econometric models can be used to analyse data in a wide range of potential areas of application in economics, business and the social sciences. The unit combines theory and application. The emphasis is upon the interpretation of econometric estimation results and requires software for hands-on experience.

Code ECMT5001
Academic unit Economics
Credit points 6

At the completion of this unit, you should be able to:

  • LO1. understand foundation of probability theory and statistical knowledge to build an econometric skill set
  • LO2. become familiar with the linear regression model
  • LO3. demonstrate knowledge of the guidelines for using econometric techniques effectively
  • LO4. become better at evaluating econometric research
  • LO5. demonstrate proficiency in the use of econometric software for econometric modelling.