Level of study Second Year
Credit value 10
Pre-requisite modules None
Other pre-requisites Co-requisite - Introductory Econometrics B - 08341
This module reviews basic concepts of probability, statistical theory and methods introduced in year 1 modules. It develops ideas of random variables, sampling, estimation, hypothesis testing and related aspects of inferential methods. 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.
Teaching and learning methods
2 hrs lectures weekly, 1 computer practical per fortnight, 1 exercise class per fortnight