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Advanced Econometrics - ECS4863

Honours Year module NQF level: 8 Credits: 12
Module presented in English Module presented online
Recommendation: ECS3706 or ECS307K
Purpose: This module is an advanced course in econometrics and its purpose is to equip students with the relevant toolset to practically solve real live economic related problems they may encounter in their work environment. Qualifying students will have both a solid grounding in the theoretical backbone of econometrics as well as the practical application of the relevant econometric techniques. The aim is to introduce students to non-stationary time series analysis which is vital to overcome the problem of spurious regression relationships. The student will develop an ability to identify the time series characteristics of data while estimation in a non-stationary environment will be dealt with, using amongst others the concept of co-integration. The aim is also to introduce students to different modelling techniques using different types of data, including qualitative data as well as situations where there is a two-way flow of influence among economic variables.