ECON1002 - Applied Economics
- To provide an introduction to the application of economic theory to data;
- To develop an understanding of simple and commonly used econometric techniques;
- To impart an ability to understand and interpret results both statistically and economically.
At the end of the course, students should:
- Understand the formulation of simple economic models in a way that allows application to empirical data.
- Understand the statistical theory behind linear regression techniques.
- Be able to interpret regression output from simple econometric packages and understand the relevance to related economic problem.
10 2-hour lectures, 5 demonstration classes and 5 compulsory tutorial
classes with accompanying exercises. 2-hour unseen written examination
in Term 3.
|Prerequisites:||Knowledge of basic statistics taught on introductory modules, such as STAT6202, is assumed. It is also desirable that students should be enrolled for, or have already taken, ECON1001 or equivalent.|
|Module Evaluation (Previous year):||