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ECON 443 — Econometrics I

Economics · University of Ghana

The Meaning and Purpose of Econometrics: Econometrics of Demand. Econometric demand equations. Theory of the disturbance term. Cross-sectional analysis, and Engel curves. Econometric Methods: Least Square (LS), Tests of original hypotheses, and analysis of residuals. A battery of statistical and economic tests of the economic and statistical hypotheses of the equation of relation; co-efficient of correlation, determination, variation; t-tests; test for randomness or serial correlation of the disturbances, of graphing the residuals, and by the Durbin- Watson ‗d‘ statistic. The general linear equation of relation with many variables estimated by classical least square, and using matrix methods. The sample error co-variance matrix of estimated parameters. Econometrics of the Firm and of Supply.

Credits
3
Level
Level 400
Semester
Semester One
Prerequisites
ECON 315 and 316

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Course details from University of Ghana Volume 2 Handbook for the Bachelor's Degree: Course Descriptions for Programmes in the Humanities (2017).