Mandatory requirements:
1.- Matrix algebra
2.- Statistical inference
3.- Introduction to Econometrics: Basic econometrics linear regression models
4.- Economic theory
5.- Economic structure and national accounting
6.- English B1, B2 recomended
1. Contribution to the curriculum:
Econometric Methods and Models studies has as its central purpose ilustarte students to the theoretical and theoretical basic knowledge of econometric modeling, model's construction from the technical point of view. This includes:
- Ability to diagnose the technical quality of a model and to establish a strategies to improve the model based on its diagnosis.
- Management of the different techniques and methods for model optimization and for a correct use of the constructed econometric model.
- Ability to construct a univariate model of time series, as a type of modeling alternative to the economic ones.
It is intended that the student get a set of skills that allow you to apply the theoretical knowledge acquired in the construction of an econometric model, which will form the course work that will be developed throughout the course, under the supervision of the teacher and with the support of computer equipment and econometric software.
2. Relationship with other subjects:
The subject taught is related to the content of subjects in which numerical information is manipulated. In particular, a good mathematical training is necessary. It is the continuation of the subject Statistical Inference and Introduction to Econometrics. It is also related to other matters such as portfolio management in the area of ¿¿Finance and estimation of models in Macroeconomics, and applications of modeling to different forecasts of strategic variables of the company (sales forecasts, treasury models, budget forecast, market forecasts, etc.)
3. Relationship with the profession:
The general objective will be to train professionals who can analyze, in a critical and rigorous way, the economic and business reality, as well as to make decisions in an environment of uncertainty, which will enable them to choose the best alternative to act. This includes:
- Implement the relations and relevant variables of strategic planning in mathematical-econometric models that allow establishing alternative scenarios for the time horizon and evaluate the different policies.
- Design and construction of prediction models in the short and medium term, of the strategic variables of the company: sales, costs, human resources, prices, business investments, etc.
- Quantify the effects of business policy changes on business results (for example, the impact of advertising campaigns, changes in the product, in the organization, etc.) and measure the effectiveness of the adopted policies.
- Incorporate strategic planning into mathematical-econometric models that allow establishing alternative scenarios for the time horizon and evaluate the different policies.
- Introduce the student in the theoretical basic knowledge of the Econometric Methods.
- Management of basic techniques and tools for the quantification of relationships between relevant variables in the business world.
- Ability to recognize a problem, analyze it and solve it using the scientific method of modeling.
- Data management and external and internal indicators of the company, relevant for decision making.
- Apply the acquired theoretical knowledge to the realization of a course work in which the student will be able to elaborate, under the direct supervision of the professor and with the support of the computer equipment, an econometric model.
- Acquire the capacity for debate and informed discussion about the issues and problems that affect the business decision-making process from a quantitative perspective.
- Train the business economist to deal with situations of prediction and simulation of company policies at the service and as a basis for decision making.
Course competences | |
---|---|
Code | Description |
E05 | Develop the ability to analyze any information on the situation and possible development of a company and transform it into a business opportunity. |
E07 | Understand the economic environment as a result and application of theoretical or formal representations on how the economy works. To do so, it will be necessary to be able to understand and use common handbooks, as well as articles and, in general, leading edge bibliography in the core subjects of the curriculum. |
E11 | Know the workings and consequences of the different economic systems |
E13 | Ability to make logical representative models of the business reality |
G01 | Possession of the skills needed for continuous, self-led, independent learning, which will allow students to develop the learning abilities needed to undertake further study with a high degree of independence. |
G04 | Ability to use and develop information and communication technologies and to apply them to the corresponding business department by using specific programmes for these business areas. |
Course learning outcomes | |
---|---|
Description | |
Know the tools and methods for the quantitative analysis of the company and its environment, including models for business decision making as well as economic forecast models. | |
Work out problems in creative and innovative ways. | |
Additional outcomes | |
Description | |
-Management of specific software for the construction of econometric models and quantitative analysis. -Advance use and management on Excel, Word and PowerPoint, Numbers, Pages, Keynote, Prezi and/or others for preparing worksheets and reporting. |
Training Activity | Methodology | Related Competences (only degrees before RD 822/2021) | ECTS | Hours | As | Com | Description | |
Class Attendance (theory) [ON-SITE] | Lectures | E05 E07 E11 E13 | 1.2 | 30 | N | N | ||
Computer room practice [ON-SITE] | Combination of methods | E05 E07 E11 E13 G01 G04 | 0.8 | 20 | N | N | ||
Writing of reports or projects [OFF-SITE] | Cooperative / Collaborative Learning | E05 E07 E11 E13 G01 G04 | 0.4 | 10 | Y | Y | ||
Other on-site activities [ON-SITE] | Combination of methods | E05 E07 E11 E13 G01 G04 | 0.32 | 8 | Y | N | ||
Study and Exam Preparation [OFF-SITE] | Self-study | E05 E07 E11 E13 G01 G04 | 3.2 | 80 | N | N | ||
Final test [ON-SITE] | Assessment tests | E05 E07 E11 E13 G01 G04 | 0.08 | 2 | Y | Y | ||
Total: | 6 | 150 | ||||||
Total credits of in-class work: 2.4 | Total class time hours: 60 | |||||||
Total credits of out of class work: 3.6 | Total hours of out of class work: 90 |
As: Assessable training activity Com: Training activity of compulsory overcoming (It will be essential to overcome both continuous and non-continuous assessment).
Evaluation System | Continuous assessment | Non-continuous evaluation * | Description |
Other methods of assessment | 30.00% | 0.00% | [Continuous Evaluation] Individual work, participation and positive result of the practical sessions carried out during the classes dedicated to this end, participation and completion of tasks, seminars, tutorials and resolution of the questions raised. Individual or team course work designed for compulsory students. Attention will be paid not only to the content, but also to the correct use of scientific forms, presentation and oral presentation. [Non Continuous Evaluation] Individual course work designed for compulsory students. Attention will be paid not only to the content, but also to the correct use of scientific forms, presentation and oral presentation. |
Final test | 70.00% | 100.00% | [Continuous Evaluation] The final test represents 70% of the grade, being necessary to obtain a minimum of 4 points to pass. The presentation in time and form of the course work is an essential requirement to be able to take the final evaluation test. [Non Continuous Evaluation] The final test represents 100% of the grade. The presentation in time and form of the course work is an essential requirement to be able to take the final evaluation test. |
Total: | 100.00% | 100.00% |
Not related to the syllabus/contents | |
---|---|
Hours | hours |
Other on-site activities [PRESENCIAL][Combination of methods] | 8 |
Final test [PRESENCIAL][Assessment tests] | 2 |
Unit 1 (de 12): REGRESSION MODEL EXTENSIONS | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 3 |
Computer room practice [PRESENCIAL][Combination of methods] | 1 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | .5 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 4 |
Unit 2 (de 12): STRUCTURAL CHANGE | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 3 |
Computer room practice [PRESENCIAL][Combination of methods] | 1 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | .5 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 6 |
Unit 3 (de 12): COLINALITY | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 1 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | .5 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 5 |
Unit 4 (de 12): AUTOCORRELATION | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 1 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 6 |
Unit 5 (de 12): HETEROSCEDASTICITY | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 5 |
Unit 6 (de 12): DYNAMIC MODELS I | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 5 |
Unit 7 (de 12): DYNAMIC MODELS II | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 8 |
Unit 8 (de 12): SIMULTANEOUS EQUATIONS MODELS: SPECIFICATION | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 4 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 10 |
Unit 9 (de 12): SIMULTANEOUS EQUATIONS MODELS: ESTIMATION | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 4 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 8 |
Unit 10 (de 12): USING MULTIPLE REGRESSION MODELS | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 8 |
Unit 11 (de 12): BUSINESS MODELS AND STRATEGIC PLANNING | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | 1 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 10 |
Unit 12 (de 12): FORECASTING, SIMULATION AND STRATEGIC INFORMATION SYSTEMS | |
---|---|
Activities | Hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 2 |
Computer room practice [PRESENCIAL][Combination of methods] | 2 |
Writing of reports or projects [AUTÓNOMA][Cooperative / Collaborative Learning] | .5 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 5 |
Global activity | |
---|---|
Activities | hours |