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AQ068-3-2 FECNM Assignment Description This assignment represents 50% of the total marks for this module

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AQ068-3-2 FECNM

Econometrics is the quantitative application of statistical and mathematical models using data to develop theories or test existing hypotheses in economics and to forecast future trends from historical data. It subjects real-world data to statistical trials and then compares and contrasts the results against the theory or theories being tested. Depending on whether you are interested in testing an existing theory or in using existing data to develop a new hypothesis based on those observations, econometrics can be subdivided into two major categories: theoretical and applied.

Any series of observations ordered along a single dimension, such as time, may be thought of as a time series. The emphasis in time series analysis is the study of dependence among the observations at different points in time. Many economic and financial variables, such as prices, wages, sales, GDP and its components, stock returns, interest rates, and foreign exchange rates, are observed over time; in addition to being interested in the interrelationships among such variables, we are also concerned with relationships among the current and past values of one or more of them, that is, relationships over time. The file “Dataset” contains data including respective dependent and independent variables.

Based on received data and identified variables you are required to:

Write a short report of 2500 to 3500 words (including text, diagrams, tables, references, and appendix). You are advised to write the essay in sections, e.g., Introduction, Methodology, and Results, Conclusion.

1. In the Introduction, you may propose your variables of the study and mention some empirical work done in this context in different countries. In Methodology, you may verify, and the econometrics tools which can be applied to your data such as unit root tests,  cointegration, VAR or VEC Models, and causality and Forecasting.

(50 Marks)

2. In the Result section, you may perform the above-mentioned models and in conclusion, you conclude your report and may provide some recommendations.

(50 Marks)

Grand Total:100 Marks

End of Questions

DELIVERABLES

1. Essay length should be 2500 to 3500 words.

 

2. You should have a minimum of 15 references to substantiate your research and report writing.

 

3. You are REQUIRED to use proper referencing methods for this assignment – Harvard Name Systems of referencing.

 

4. Essay should be well structured and the use of proper headings for topic separation is encouraged.

 

5. Your essay must adhere to standard documentation standards:

 

Font                 : Times New Roman

Font Size         : 12

Spacing           : 1.5

 

6.         Please state your world count at the end of your answer.

 

Performance Criteria

Marks are awarded based on the following guidelines

Grade	Assessment/Guidelines
0  – 40%	Superficial analysis, concepts and language of the subject are absent or scant. Irrelevant regurgitation of text book. Ideas are poorly expressed. Many key issues are ignored. Concepts and language of the subject are used but are often confused in application and or explanation.
40 – 49%	Superficial analysis, concepts and language of the subject are absent or minimal. Few learning outcomes have been met. Irrelevant regurgitation of text book. Ideas are poorly expressed. Many key issues are ignored. Concepts and language of the subject are used but are often confused in application and or explanation.
50  - 54%	Some understanding of the relevant models and concepts. Some elements of an appropriate structure are present. Restricted analysis of some issues.
55 – 64%	Evidence of some reading and research. Incorrect referencing although it is evident. Some elements of an appropriate structure are present. Key issues are analysed but not done thoroughly. Key issues are identified and analysed, although this may be restricted at times. Some source are acknowledged.
65 – 69%	Evidence of reading and research. Understanding of the application of appropriate models and concepts is demonstrated, but not thoroughly. Key issues are identified and analyzed, although this may be restricted at times. Some sources are acknowledged.
70 – 74%	Evidence of reading and research. Understanding of the application of appropriate models and concepts is demonstrated. Key issues are identified and analysed, although this may not be consistent. References are acknowledged.
75 – 79%	Evidence of wider reading. The assignment effectively interprets the information and exhibits the integration of ideas across the subject area. The assignment has credible recommendations. A systematic approach to development and evaluation is used. Most sources are acknowledged and referenced using Harvard Name System of Referencing.
80%+	All criteria met.

 

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