The unit develops the basic principles of data description and analysis, the idea of using the concept of probability to model data generation, and the statistical concepts of estimation and statistical inference, including hypothesis testing. It then develops these concepts and techniques in the context of the linear regression model to show how econometric models can be used to analyse data in a wide range of potential areas of application in economics, business and the social sciences. The unit combines theory and application. The emphasis is upon the interpretation of econometric estimation results and requires software for hands-on experience.
1x3hr lecture/week, 1x1hr non-compulsory online tutorial/week
Online quizzes equivalent to 500wd (10%), 1xGroup assignment equivalent to 1000wd (15%), 1x1hr Mid-semester test (20%), 1x2hr Final exam (55%),