Syllabus
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Course Code: CC-11 IN-ECO-501 Course Name: Basic Econometrics |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
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| 1 | (i-a) Nature and scope of econometrics; Methodology of econometric research; Desirable properties of an econometric model (i-b) Random variables and sampling theory (only review); Covariance, variance, and correlation. |
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| 2 | (ii-a) Nature of the regression analysis; Two variable regression analysis: Some basic ideas; Assumptions of the linear stochastic regression model; (ii-b) Distribution of the dependent variable Y; Problem of estimation: The least square criterion and normal equations. |
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| 3 | (iii-a) Test of the goodness of fit with R2; Tests of the significance of parameter estimates: Mean and variance of the OLS estimates; Variance of the random variable (iii-b) Sampling distribution of the OLS estimates (standard error test, Z test and student’s t test); Confidence intervals for OLS estimates; Test of significance for sample correlation coefficient. |
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| 4 | (iv-a) Desirable properties of estimators; Properties of OLS estimators; Second order tests of the assumptions of linear regression model: The assumption of the randomness of u, The assumption of zero mean of u, The assumption of normality of u (iv-b) The problem of Heteroscedasticity, Autocorrelation and Multicollinearity (Nature, causes and consequences). |
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