THE UNIVERSITY OF MANCHESTER 
ECON31031: Advanced Econometrics 
Final Examination Guide and Notes 2025 
 
Part 01: About This Guide 
Part 02: Sample Final Examination Paper 
Part 03: Suggested Solutions to Final Exam Paper 
Part 04: Final Examination - Hints and Tips 
 
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ECON31031 - Advanced Econometrics (Solutions)

£35.00

ACADEMIC YEAR 2024 - 2025

University	The University of Manchester
Unit Code	ECON31031
Credit Rating	20
Unit Level	Level 3
Unit Title	Advanced Econometrics
Notes Title	Final Examination Guide and Notes
Page Length	30

This guide is an excellent resource to help you familiarise yourself with the content and format of the 2025 final examination for ECON31031: Advanced Econometrics at the University of Manchester. It also provides valuable practice in essential exam techniques. Focusing on core exam questions, this guide includes clear, simple diagrams to enhance understanding and aid recall during the exam. Thoroughly updated, it covers all topics from the latest course edition, ensuring you are fully prepared to tackle the final exam with confidence.

This course, ECON31031: Advanced Econometrics builds on foundational econometrics by expanding microdata analysis, particularly for models with limited dependent responses, and introducing macroeconomic time series models. Students will apply the Maximum Likelihood method to estimate and test IID econometric models, extend microdata modelling skills to nonlinear cases (binary response variables), and analyse stationary time series processes. They will also learn to define and test for non-stationarity in time series data and use Vector Autoregressions (VARs) for multivariate modelling.

The course requires prior knowledge of econometrics (ECON20110) and is divided into two parts. The first focuses on theory and microdata models, covering parametric Maximum Likelihood estimation and binary response models, using R for implementation. The second part introduces macrodata models, including stationary processes, unit root tests for non-stationarity, and Vector Autoregressions (VARs), also using R for practical applications.

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BMAN10512	Introductory Management Accounting
BMAN10522	Financial Decision Making
BMAN10552	Fundamentals of Finance
BMAN10621M	Fundamentals of Financial Reporting
BMAN10872	Introduction to Work Psychology
BMAN20072	Investment Analysis
BMAN21011	Financial Markets and Institutions
BMAN21040A	Intermediate Management Accounting
BMAN21020A	Financial Reporting and Accountability
BMAN23000A	Foundations of Finance A
BMAN23000B	Foundations of Finance B
BMAN30091	Financial Derivatives
BMAN30111A	Advanced Corporate Finance
ECON10072A	Advanced Statistics
ECON10221	Microeconomics 1
ECON10232	Microeconomics 2
ECON10241	Macroeconomics 1
ECON10262	Macroeconomics 2
ECON30370	Econometrics
ECON31031	Advanced Econometrics
PSYC10100	Research Methods and Statistics
PSYC21061	Statistics and Data Analysis
SOST10062	Introductory Statistics for Economists

ECON31031 - Advanced Econometrics (Solutions)

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