Groups of students are required to collect data from the market/industry and from their corresponding companies to identify key existing business problems. It is expected that the problems are in the groups’ interested fields of study (finance or accounting). These groups of students are required to identify symptoms, potential problems, and then validate main problems as well as explore potential causes. The alternative solutions and action plan are then suggested for the company.

Applied Econometrics examines regression analysis and its use in business, especially in economics, finance and accounting. Topics will include the properties of estimators, hypothesis testing, specification error, multicollinearity, dummy variables, heteroskedasticity, serial correlation. It also introduces other modelling techniques in finance and economics. Empirical assignments undertaken by the student form an integral part of the unit. The emphasis is on learning by doing it in small group workshops.