UNIVERSITY OF NOTTINGHAM 
Offering School: Economics 
ECON2049: Econometric Theory I 
Final Examination Guide and Notes 2025 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Study Tips for Students 
 
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University of Nottingham - ECON2049: Econometric Theory I (Solutions)

£35.00

ACADEMIC YEAR 2024 - 2025

University	University of Nottingham
Module Code	ECON2049
Module Name	Econometric Theory I
Total Credits	10.00
Notes Title	Final Examination Guide and Notes
Page Length	75

This comprehensive guide is designed to help you master the module content for ECON2049: Econometric Theory I at the University of Nottingham. It covers all the essential theories and steps required for success. Detailed illustrations and worked examples demonstrate the practical application of key concepts, ensuring you understand the workings behind the theories. Once you've reviewed the module materials, you can test your knowledge with a sample exam, complete with solutions and explanations crafted to replicate the real exam experience. This guide also includes examiner advice, accessible notes, and a range of questions and answers for every key examinable topic. With this resource, you’ll have everything you need to aim for the highest grade.

This module, ECON2049: Econometric Theory I is designed for Year 2 undergraduate students in Economics degree programmes who have completed ECON1044: Mathematical Economics and Econometrics. It is also open to BA (Hons) Politics and Economics students, Part I Mathematics and Economics students, and Economics exchange students without ECON1044. The module extends the econometric techniques introduced in Year 1, focusing on the multivariate linear regression model as the primary analytical framework. It introduces advanced statistical and econometric concepts while further developing the methodology from earlier studies. Students will gain the mathematical and analytical tools needed to conduct theoretical econometric analysis, assess the properties of econometric estimation methods, and understand the applicability and limitations of econometric models in analysing economic data.

The module covers foundational regression techniques such as Ordinary Least Squares (OLS), hypothesis testing, and model evaluation, and then advances to topics like asymptotic properties, dummy variables, policy analysis, and heteroskedasticity. Students will explore issues such as functional form misspecification, measurement error, and handling missing or nonrandom data. Additional topics include alternative estimation methods like Weighted Least Squares and Least Absolute Deviations. By the end of the module, students will be equipped to apply econometric models rigorously and effectively to real-world economic data and policy analysis.

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University of Nottingham - ECON2049: Econometric Theory I (Solutions)

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