Course objectives (competences): After completing the course and passing this course, students should be able to: • Know the issues arising from formulation, evaluation and use of econometric models; • Construct a data set, formulate an econometric model and estimate the parameters of that model and submit the model to verification testing; · Interpret the results in an economic framework; · Use the estimated model to test the economic theory underlying the model and · Forecast future economic activity on the basis of estimated quantitative relationship. |