Level of study Third/Final year
Credit value 20
Semester Students may study either 1 or both.
Pre-requisite modules 22506
This course is designed for students with limited or no prior economic theory background. It emphasizes the understanding of quantitative methods, model evaluations, and the techniques for empirical studies in economics. This module starts with an introduction to general economic concepts, then it will cover the basics and extension of ordinary least square methods, heteroscedasticity, autocorrelation, multicollinearity, model specifications, simultaneous equation models, binary and discrete choice models, qualitative and limited dependent variable models, time series analysis, panel data models, and nonparametric analysis with their applications in Economics. Students will gain hands-on experience formulating and estimating models, interpreting results, and making forecasts.