COURSE OUTLINE FOR ECONOMETRIC METHODS (ECO 3101)

Ø  RECAP OF INTRODUCTORY ECONOMETRICS

·         Definition and  objectives of econometrics

·         Steps of econometric model analysis

·         Simple econometric model

·         Model assumptions

·         Distribution of the independent variable

Ø  Estimation of parameters using Least squares estimation method (LSE), Best linear unbiased method (BLUE)

·         Estimation of parameters

·         Properties of LS estimators

·         BLUE method

Ø  Estimation using the maximum likelihood estimation method (MLE)

·         Estimation of parameters

·         Properties of MLE

Regression through the origin ( parameter estimation, raw coefficient of determintation

Ø  Multiple regression

·         Estimation of parameters

·         Interval estimation of the estimators

·         Goodness of fit

·         Prediction