University of St Andrews

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 9

Semester: 1

Planned timetable: 9.00 am - 11.00 am Tue.

The module develops student understanding of the classical linear econometric model (ordinary least squares). This will cover a range of topics including: estimation and inference in multivariate regression models; the use of limited dependent variables; large sample properties of OLS estimators; multicollinearity and heteroskedasticity. Student understanding of key econometric concepts and their application to economics will be developed, allowing them to estimate, interpret, test and critically evaluate economic relationships. The module will develop students applied skills through the use of appropriate econometric software.

Relationship to other modules

Pre-requisite(s): Permission of the Economics Honours Adviser

Learning and teaching methods and delivery

Weekly contact: 20 hours of lectures over 11 weeks, 2-hour practical classes (x 4 weeks) 1-hour tutorial (x 5 weeks) plus 1 office hour (x 12 weeks).

Scheduled learning hours: 33

Guided independent study hours: 167

Assessment pattern

As used by St Andrews: Class Test (Theory) = 25%, Class Test (Applied) = 25%. 2 hour Written Examination = 50%

As defined by QAA
Written examinations : 75%
Practical examinations : 0%
Coursework: 25%

Re-assessment: 2-hour Written Examination = 100%

Personnel

Module coordinator: Dr M R Polisson
Module teaching staff: Dr M Polisson
Module coordinator email matthew.polisson@st-andrews.ac.uk