University of Warwick - Econometrics 1 (EC226)

This module, EC226: Econometrics 1 provides a comprehensive introduction to the fundamental principles of econometrics, focusing on equipping students with essential tools for empirical economic analysis. The module covers key topics such as linear regression models, ordinary least squares (OLS) estimation, dummy variables, and the assumptions of the Classical Linear Regression Model (CLRM), alongside the consequences of their violations, including heteroscedasticity, structural changes, and autocorrelation. Students also learn about instrumental variable estimation, dynamic models, nonstationarity, cointegration, panel data models, and limited dependent variable models. With a strong emphasis on practical application, the module trains students to approach economic problems using graphical, intuitive, and statistical methods while working with real-world data.