National open university of nigeria introduction to econometrics I eco 355

 
Course Content 
This course is basically an introductory course on Econometrics. The topics covered 
include the econometrics analysis, single-equation (regression models), Normal linear 
regression model and practical aspects of statistics testing. 
Course Aims 
The aims of this course is to give you in-depth understanding of the macroeconomics as 
regards 

Fundamental concept of econometrics 

To familiarize students with single-equation of regression model

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3 

To stimulate student‘s knowledge on normal linear regression model 

To make the students to understand some of the practical aspects of econometrics 
test.

To expose the students to rudimentary analysis of simple and multiple regression 
analysis.
Course Objectives 
 
To achieve the aims of this course, there are overall objectives which the course is out to 
achieve though, there are set out objectives for each unit. The unit objectives are included 
at the beginning of a unit; you should read them before you start working through the 
unit. You may want to refer to them during your study of the unit to check on your 
progress. You should always look at the unit objectives after completing a unit. This is to 
assist the students in accomplishing the tasks entailed in this course. In this way, you can 
be sure you have done what was required of you by the unit. The objectives serves as 
study guides, such that student could know if he is able to grab the knowledge of each 
unit through the sets of objectives in each one. At the end of the course period, the 
students are expected to be able to:

to understand the basic fundamentals of Econometrics 

distinguish between Econometrics and Statistics. 

know how the econometrician proceed in the analysis of an economic problem. 

know how the econometrician make use of both mathematical and statistical 
analysis in solving economic problems. 

understand the role of computer in econometrics analysis 

identify/explain the types of econometrics analysis. 

understand the basic Econometrics models 

differentiate between Econometrics theory and methods 

know the meaning of Econometrics and why Econometrics is important within 
Economics. 

know how to use Econometrics for Assessing Economic Model 

understand what is Financial Econometrics.

examine the linear regression model 

understand the classical linear regression model 

be able to differentiate the dependant and independent variables. 

prove some of the parameters of ordinary least estimate. 

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4 

know the alternative expression for 
̂

understand the assumptions of classical linear regression model. 

know the properties that our estimators should have 

know the proofing of the OLS estimators as the best linear unbiased estimators 
(BLUE). 

examine the Goodness fit 

understand and work through the calculation of coefficient of multiple 
determination 

identify and know how to calculate the probability normality assumption for U
i

understand the normality assumption for U
i

understand why we have to conduct the normality assumption.
 

identify the properties of OLS estimators under the normality assumption 

understand what is probability distribution 

understand the meaning of Maximum Likelihood Estimation of two variable 
regression Model. 

understand the meaning of Hypothesis 

know how to calculate hypothesis using confidence interval 

analyse and interpret hypothesis result. 

understand the meaning of accepting and rejecting an hypothesis 

identify a null and alternative hypothesis. 

understand the meaning of Level of significance 

understand the Choice between confidence-interval and test-of-significance 
Approaches to hypothesis testing 

understand the meaning of regression analysis and variance 

know how to calculate the regression analysis and analysis of variance