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Applied Econometrics
UoS Code ECMT3120
Credit points 6
Offered Semester 2
Prerequisites ECMT3110 or ECMT3010
Corequisites
Prohibitions ECMT3020
Assumed Knowledge
Additional Information
Lectures 3 hrs per week
Assessment Group assignment; Group Project; Mid-Semester exam; Final exam
Description Econometric theory provides techniques to quantify the strength and form of relationships between variables. Applied Econometrics is concerned with the appropriate use of these techniques in practical applications in economics and business. General principles for undertaking applied work are discussed and necessary research skills developed. In particular, the links between econometric models and the underlying substantive knowledge or theory for the application are stressed. Topics will include error correction models, unit roots and cointegration and models for cross section data, including limited dependent variables. Research papers involving empirical research are studied and the unit features all students participating in a group project involving econometric modelling.