EC303-Applied Econometrics

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn term module
Pre-requisites: EC204 Introductory Econometrics and EC206 Intermediate Mathematics for Economics or EC225 Introductory Econometrics (BSc)
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr James Reade


Summary module description:
Further development of econometric methods introduced in Parts 1 and 2 and introduction of modern time series econometrics with a focus on applications.

The aim of this module is to provide a solid grounding in recent developments in applied econometrics. It will enable students to understand what is the most appropriate econometric method for a given set of data and problem faced, and gain practical experience (with computer classes) in analysing a wide range of economic questions.

Assessable learning outcomes:
At the end of the module students should be able to:
?- Understand the need for, and the nature of advanced econometric methods.
?- Implement advanced econometric methods using common computer software packages.
?- Read academic papers in economics and understand the suitability of the methods employed.

Additional outcomes:
Students will be able to read and comment on the quality of econometric output, both that created by themselves, and that created by others.

Outline content:
Basic topics include: model misspecification, model selection, and time series methods. Additional topics may include: limited dependent variable models, treatment effects and models in financial econometrics.

Brief description of teaching and learning methods:
Formal lectures and computer classes; supported independent study.

Contact hours:
  Autumn Spring Summer
Lectures 20 2
Practicals classes and workshops 4
Guided independent study 156 18
Total hours by term 180.00 20.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 50
Set exercise 40
Class test administered by School 10

Other information on summative assessment:

Formative assessment methods:
An exercise accompanies each main section of the module.

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at:
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:
    One 3 hour unseen written paper.
    Part 3 examinations are held in the Summer term.

    Requirements for a pass:
    A minimum overall mark of 40%.

    Reassessment arrangements:
    Re-examination for all modules takes place in August/September of the same year.
    Re-assessment is by examination only; coursework is not included at the second attempt.

    Additional Costs (specified where applicable):
    1) Required text books:
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding: There may be optional costs associated with photocopying or printing sources listed on the reading list relating to this module. Please note that the Library charges approximately 5p per photocopy.
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 21 December 2016

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