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Principles of Econometrics
UoS Code ECMT5001
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites
Corequisites
Prohibitions
Assumed Knowledge
Additional Information
Lectures 3 hrs per week plus a 1 hr non compulsory tutorial
Assessment Quizzes; Group assignment; Mid-Semester exam; Final exam
Description 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.