Econometrics / Module 1: Introduction to Econometrics

Students need to learn:

Definitions

Scope and Division of Econometrics

Methodology of Econometrics and Other Related Discipline

Simple Linear Regression Model - Basic Ideas

Problem of Estimation

Point and Interval Estimation

OLS

Properties of Least Square Estimates

Classical Normal Linear Regression Model (CNLRM)

Hypothesis Testing

Statistical Tests of Significance of Estimates

The Test of Goodness of Fit (R²)