BS3551: Econometrics (Solutions) - Cardiff University

This module, BS3551: Econometrics equips you with essential techniques for analysing cross-sectional and time series economic data. It focuses on building competence in using econometric methods to address economic questions while fostering an understanding of their limitations. You will explore the three core areas of econometrics - estimation, inference, and forecasting - and evaluate the properties of various estimation and testing methods. The syllabus covers key estimation techniques, including least squares, method of moments, and maximum likelihood, as well as advanced tools like Monte Carlo methods, robust variance estimation, and instrumental variables. Time series analysis topics include ARMA models, unit root processes, error correction models, and advanced methods such as GARCH and VAR models. By the end of the module, you will be proficient in applying econometric techniques to analyse data, test economic theories, and interpret results effectively.