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Course Title
ECONOMETRIC MODELS
Tutorial/ self-
Pre-requisites
studies/ Group 60
Course Codes
discussion
Course Type Core , Stream Specific (Four Year degree Programme)
Course Description
The primary objective of this course is to introduce time series econometric techniques in a highly empirical manner. It
focuses on time series methods that have become essential and widely used in macroeconomics. The goal of the course
is to provide a foundation in core time series methods that will permit students to then undertake empirical work or
pursue more advanced modelling in macroeconomics. Economics examples are often used a s motivation. Both
theoretical topics and applications of time series models are covered. Content discussed in this course has chosen to
familiarize the class with methods of time series econometrics used in current empirical research. In addition the
emphasis will be on gaining an intuitive grasp of how models work and what is needed to implement them in applied
macroeconomic research.
Learning outcomes
On completion of this unit students should be able to:
1. Apply advanced techniques to examine the time s eries properties of data sets drawn from economics and
finance
2. Identify and construct suitable Econometric Models for relevant Macro Economic time series data
3. Use time series econometric models to make forecasts and evaluate forecasts
4. Undertake intermediate level empirical independent research in applied economics.
5. Use E-Views software package to analyse economic and financial data.
Aligned Learning
Course contents
Outcomes
ECN 4190/94 1
Methods of teaching and learning
Students attend three sessions per w5eek with a two-hour lecture and one-hour tutorial. Lectures are used to introduce
main concepts and to guide students through important points. Tutorials/workshops are used to assist students in the
application of concepts presented in lectures through problem solv ing exercises and class discussions. Assignment
provides students with the opportunity to develop selected theses of the unit through individual research and critique.
Lab sessions will be conducted along with tutorial and discussions classes.
Assessment methods
Assessment Method Weight
Continuous assessments
Take home assignment 1 20% 40%
Take home Assignment 2 20%
Prescribed text:
Walter Enders (2015), Applied time series Econometrics, Wiley Publisher, USA
Patterson, K. (2000), An Introduction to Applied Econometrics: A time series Approach, . St. Marin’s Press,
USA.
GRADUATE ATTRIBUTES:
Learning is also about developing generic skills that can be used to further life-long learning and engagement
with the community.
ECN 4190/94 2