SOAS University of London

Department of Economics

Econometrics

Module Code:
15PECC008
Credits:
15
FHEQ Level:
7
Taught in:
Term 1

This module provides an introduction to the main methods of econometric analysis and their application. It presents some of the basic methods used in empirical research and enables students to gain understanding and practical experience so as to enhance the ability for good quality empirical work and critical evaluation of research results.

The main prerequisite is a good knowledge of the material covered in the department's preliminary course in mathematics and statistics. The use of formal arguments is kept to a minimum. The lectures consist of an introduction to econometric methods and the tutorial exercises are strongly orientated towards the use of econometric methods in the estimation and testing of economic relationships using real data. The module uses STATA as the principle econometric software.

Objectives and learning outcomes of the module

On successful completion of the course, you should be able to;

  • Explain core concepts and techniques in econometrics, with a special focus on the classical linear regression model

  • Understand the assumptions upon which different econometric methods are based and their implications

  • Use the module’s software (STATA) to implement the various techniques taught employing secondary data and demonstrate ability to analyse and assess empirical results

  • Interpret and critically evaluate applied work and econometric findings

Method of assessment

Assessment weighting: Exam 100%

Suggested reading

The principal textbook is:

  • Gujarati D N and Porter D C (2009) Basic Econometrics, 5th edition, McGraw-Hill, International Edition ISBN 978-007-127625-2

 

The following book explains both the econometric theory and how it can be implemented using the module’s software STATA:

  • Asteriou D and S G Hall (2011) Applied Econometrics, 2nd edition, Palgrave Macmillan, ISBN 978-0-230-27182-1

Disclaimer

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