EC2021 Assessment Answers UK

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The intermediary Econometrics course in this program, EC 2021 Intermediate Econometrics, may concentrate on the models needed to analyse statistical data. Students will learn a great deal about various statistical modelling methods in this course. They may be able to foresee significant economic and financial series in the real world, which might be helpful for further studies and professions in the economy, finance, retail, etc.

The measuring of economic interactions is central to the idea of econometrics. It combines economics, statistics, and computational economic history to supply the numerical value of an economic relationship parameter. Economics theories contain certain links typically stated in mathematical ways and are combined with real economics.

Econometric ideas are applied to determine the value of parameters, which constitute a crucial coefficient in the mathematical representation of economic interactions. They are helped in understanding the economic phenomena of adaptation as an economic approach by the statistic method. Some formal formulations and connections cater to representations of economic interactions' unpredictable behaviour, which is typically ignored.

Learning Outcomes of EC2021 Course

• Describe and apply the fundamental ideas and methods of econometrics, paying particular attention to the traditional linear regression model. Recognise the underlying presumptions and the consequences of various econometric approaches.
• Utilise statistical software to put the different strategies presented into practice using secondary data and show that you can analyse and evaluate empirical findings. Interpreting and assessing empirical research and econometric findings.
• Recognise a variety of ideas related to OLS estimation using time series data. Interpret various functional types of econometric models, such as those with lagged relationships between variables,
• Recognise the different endogeneity problem manifestations and the potential remedies. This covers techniques utilising multiple regression and co - integration and error estimation. Utilise E-views to apply economic approaches, then analyse the results.

List of UK Universities that Offer EC2021 Course

• University of Cambridge
• University of Oxford
• University of St Andrews
• University of Stirling
• University of Glasgow
• University of Warwick
• London School of Economics and Political Science
• University College London
• University of Strathclyde
• Durham University

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