Aims and Objectives



  • Introduction of the concept of unit autogressive roots, and the consequences of that concept for the analysis of economic time series - in particular, the importance of cointegration analysis and error-correction models.
  • The introduction of other time series - analytic concepts and tools that have found applicability in Economics. These include structural time series models, stationarity testing and GARCH models.

learning outcomes

Knowledge and Understanding

  • A1 Demonstrate a broad knowledge of core areas of economics
  • A4 Demonstrate understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them.
  • A5 Show understanding of relevant mathematical and statistical techniques.
  • A7E Demonstrate more extensive knowledge and skills of quantitative economics and econometrics.
  • A7 BSc Demonstrate more extensive knowledge and skills of quantitative or theoretical modelling areas of economics and econometrics.

Intellectual Skills

  • B1 apply complex ideas to solve problems
  • B2 work with abstract concepts and in a context of generality
  • B4 perform with high levels of accuracy

Professional / Practical Skills

  • C2 select and apply appropriate techniques to solve problems
  • C3 justify conclusions using economic arguments with appropriate rigour

Transferable Skills

  • D1 apply mathematical, statistical and graphical techniques in an appropriate manner
  • D2 communicate effectively and clearly in written and oral formats
  • D3 analyse and solve complex problems accurately