ECM607-Econometrics

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Autumn / Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Dr Sarah Jewell

Email: s.l.jewell@reading.ac.uk

Summary module description:
This module is intended to teach students more advanced econometrics, in particular microeconometrics. Classes will alternate between theory lectures and Stata classes which apply the theory. Students will be assessed by coursework only.

Aims:
The aim of this module is to provide students with a more extensive knowledge and understanding of econometrics, in particular microeconometrics. Secondly the module will teach students how to apply these econometric techniques, using the statistical package Stata.

Assessable learning outcomes:
By the end of the module students should have the knowledge and understanding to be able to select and use appropriate econometric techniques for research, as well as understanding which post-estimation tests to apply and any caveats to the techniques. Students should be in a position to be able to perform their own data analysis using the statistical package Stata.

Additional outcomes:
For students not familiar or out of practice with Stata there will be some catch-up classes in the Autumn term covering the basics of using Stata.

Outline content:
The module covers discrete choice modelling, limited dependent variables, instrumental variables, panel data (including dynamic panel models), and treatment effects.

Brief description of teaching and learning methods:
The module will alternate between 2 hour theory lectures and 2 hour Stata exercise computer classes that apply the taught theory. Students are expected to attempt the Stata exercises prior to the classes. Students are strongly advised to read the further references provided and journal articles that utilise the econometric techniques, which will reinforce and help further their understanding of the topics.

For students who are not familiar or need a reminder of using Stata there will be additional classes in the autumn term, comprising of two 2-hour Stata classes. There will also be a module introductory session in the Autumn term.

Contact hours:
  Autumn Spring Summer
Lectures 2 10
Practicals classes and workshops 4 10
Guided independent study 24 150
       
Total hours by term 30.00 170.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written assignment including essay 40
Project output other than dissertation 60

Other information on summative assessment:
This module will be assessed by one Stata-based assignment (worth 40%) and a Stata-based empirical project (worth 60%).

For the project students will be given a panel data-set and will be expected to come up with testable hypotheses and to test these using some of the econometric techniques they have learnt in the course. The aim of the project is to test the student’s ability to use Stata and to be able to select and apply appropriate econometric techniques when performing research to test hypotheses, and to be able to interpret the results correctly and to draw conclusions from the results in relation to the hypotheses/research questions.

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:
There is no final examination.

Requirements for a pass:
A weighted average mark of the portfolio and project of 50%.

Reassessment arrangements:
Re-assessment will be on the basis of a further portfolio and project. These will not be a re-submission of earlier portfolio assignments or project; new assignments and a project will be set. However, if only individual assignments or the project fail to meet the standard, then the student will only be required to re-submit the failed assignment(s) or project.
Re-submission of assignments and/or project will be by Friday 25th August 2015.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 21 December 2016

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