Intermediate Econometrics

This course builds on the basic econometric and quantitative techniques studied in the first year by extending students’ knowledge and understanding of econometric methods and techniques used to analyse data sets in economics, business and finance. This course provides a thorough and critical coverage of econometric methods and studies the properties of linear regression models under classical assumptions and exploring the implications of potential violations of these assumptions. Diagnostics for detecting violations are discussed and econometric remedies are derived. The basic theory of estimation of time-series models, systems of linear regression equations and instrumental variables, panel data modelling are discussed. To this end, the course focuses on understanding the methods involved, using econometric software, to provide the results and then interpreting and commenting on the results and discusses how this may be used in solving specific policy problems that are of critical importance to economic agents operating in a business environment.