EC318-Econometric Methods

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:6
Terms in which taught: Autumn term module
Pre-requisites: EC204 Introductory Econometrics and EC206 Intermediate Mathematics for Economics or EC204 Introductory Econometrics and MA2DE Differential Equations and MA2RA1 Real Analysis I
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Dr James Reade

Email: j.j.reade@reading.ac.uk

Summary module description:
An intermediate level course in econometrics.
Develops a theoretical understanding of econometric methods.
Prerequisites include a good understanding of introductory econometrics.
Extends the standard linear regression model to include departures from the standard assumptions.
Enables a deeper understanding of hypothesis testing and estimation methods.

Aims:
To provide an up-to-date treatment of econometrics and illustrate the problems that arise in the practical application of econometrics.
To enable a student to apply and interpret econometric techniques in the context of real economic examples.

Assessable learning outcomes:
At the end of the module students should be able to:
understand the core methods of econometrics at an intermediate level;
interpret articles and books which make use of econometric techniques;
critically assess empirical econometrics;
undertake simple estimation tasks using computer software.

Additional outcomes:

Improved understanding of mathematical arguments. A general ability to structure and solve problems. Greater familiarity with econometric software and programming.


Outline content:
The linear regression model.
OLS estimation.
Hypothesis testing for the following cases: single coefficients; linear combinations of coefficients; multiple linear combinations of coefficients.
Generalised least squares with applications to: heteroscedasticity; and serial correlation.
Robust standard errors.

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

Contact hours:
  Autumn Spring Summer
Lectures 20 2
Tutorials 10
Guided independent study 150 18
       
Total hours by term 180.00 20.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 75
Set exercise 15
Class test administered by School 10

Other information on summative assessment:
Three problem sets, each worth 5% of the overall mark, and one unseen written end of term test, worth 10% of the overall mark.

Formative assessment methods:
Problem sets are undertaken by students during the Autumn term with feedback provided.

Penalties for late submission:

No extensions are allowed for the class exercises, unless approved by the Senior Tutor following the submission of an Extenuating Circumstances Form.

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: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    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: 31 March 2017

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