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Econometric Applications
UoS Code ECMT6002
Credit points 6
Offered Semester 2
Prerequisites ECMT5001
Corequisites
Prohibitions ECMT5002
Assumed Knowledge
Additional Information
Lectures 3 hrs per week
Assessment Assignments; Group assignments; Mid-Semester exam; Final exam
Description This unit illustrates how econometric methods can be applied to economic data to solve problems that arise in economics and business. Econometric theory provides the techniques needed to quantify the strength and form of relationships between variables. Applied econometrics is concerned with the strategies that need to be employed to use these techniques effectively; to determine which model to specify and whether the data are appropriate. Guidelines for undertaking applied work are discussed. Case studies drawn from economics, marketing, finance, and accounting are also discussed. The unit includes a major econometric modelling project.