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ACC 875 - Course Outline

This document provides information on the ACCT 857 Economic Theory and Econometrics course offered by Babcock University's School of Management Sciences Department of Accounting. The course is a 3-credit unit introduction to econometrics methods, with the aims of providing students statistical testing knowledge to undertake regression analysis, appraise results, and interpret and forecast outcomes. Topics covered include descriptive statistics, correlation, regression models, post-estimation tests, cointegration techniques, and static panel data. Assessment is based entirely on exams, quizzes, assignments, and class attendance.

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104 views2 pages

ACC 875 - Course Outline

This document provides information on the ACCT 857 Economic Theory and Econometrics course offered by Babcock University's School of Management Sciences Department of Accounting. The course is a 3-credit unit introduction to econometrics methods, with the aims of providing students statistical testing knowledge to undertake regression analysis, appraise results, and interpret and forecast outcomes. Topics covered include descriptive statistics, correlation, regression models, post-estimation tests, cointegration techniques, and static panel data. Assessment is based entirely on exams, quizzes, assignments, and class attendance.

Uploaded by

shaibu amana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BABCOCK UNIVERSITY

SCHOOL OF MANAGEMENT SCIENCES


DEPARTMENT OF ACCOUNTING
ACCT 857 ECONOMIC THEORY AND ECONOMETRICS
Number of Credits Unit: 3C
Staff Member Responsible for the Course: Olalekan Aworinde / Ifayemi Moses
Email: aworindeo@babcock.edu.ng and olayinkai@babcock.edu,ng
Availability: Office hour appointments can be booked by sending e-mail or text message to
+2348171987319 and +2348032787492

Introduction
Econometrics is the quantitative branch of economics. Econometrics studies theoretical and
practical aspects of applying statistical methods to economic data for the purpose of testing
economic theories and predicting the future path of economic variables

Aims and Objectives


The aim of the course is to provide an introduction to econometrics methods for students who
have some knowledge of statistical testing. The course follows a systematic approach to
model building focusing on formulation, estimation and interpretation.

Course Learning Outcomes


Upon successful completion of the course students will be able to:
• Undertake regression analysis using statistical software
• Appraise the adequacy of regression results
• Interpret and forecast regression results

Course Content
1. Introduction
➢ Course arrangements, teaching method and aims
➢ Meaning and scope of econometrics
➢ Data and types of data

2. Stages of econometrics research

3. Descriptive Statistics, Correlation, Bi-variate and Multiple Regression models


➢ The Basic Mechanics of Ordinary least squares
➢ Statistical Properties of Ordinary least squares

4. Post estimation test


• Autocorrelation
• Heteroscedasticity
• Multicollinearity
• Non-Linearity
• Non-Normality
1
5. Cointegration techniques
➢ Unit root
➢ Two-Stage cointegration test
➢ Johansen cointegration test
➢ Autoregressive Distributed Lag (ARDL) Models

6. Static Panel data


➢ Static Panel
➢ Random effect model
➢ Fixed effect model
➢ Feasible Generalized Least Square

Recommended Text
1. Koutsoyiannis, A. Theory of Econometrics, 2nd Edition, 1977, Palgrave.
2. Gujarati, D. Basic Econometrics, 4th Edition, 2004, Tata McGraw-Hill.
3. Wooldridge, J. Introductory Econometrics: A Modern Approach, 4th Edition, 2009,
Thompson, South-Western.
4. Brooks, C. Introductory Econometrics for Finance: 2nd Edition, 2008, Cambridge
University Press.

Learning and Teaching Rationale and Methods:


a) Method of Teaching
Lecturer introduces to students the main topics and concepts. They also provide information
for further in depth studying.

Assessment and Feedback Rationale and Methods


Assessment is 100%. This is based on a closed book 2 hour examination worth 60%, Term
Attendance 5%, Quiz 10%, Assignment 10 & and Mid-Semester Examination 15%. For all
assessment’s components, marks will be awarded according to the student’s ability to
demonstrate a comprehensive understanding of the themes of the course, evidence of having
achieved the learning outcomes, ability to carry out and present individual analysis of various
problems.
Students are encouraged to utilise lecturer office hours (see above) to obtain more detailed
feedback and advice.

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