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: Spring term module
Pre-requisites: EC205 Intermediate Econometrics
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2020/1

Module Convenor: Dr Stephen Kastoryano

Email: s.p.kastoryano@reading.ac.uk

Type of module:

Summary module description:

An advanced 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 advanced level;

  • interpret articles and books which make use of econometric techniques;

  • critically assess empirical econometrics;

  • undertake simple estimation tasks using computer programming. 


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 0 180 20
       
Total hours for module 200

Summative Assessment Methods:
Method Percentage
Written exam 60
Set exercise 20
Class test administered by School 20

Summative assessment- Examinations:
One 3 hour unseen written paper.
Part 3 examinations are held in the Summer term.

Summative assessment- Coursework and in-class tests:

Four problem sets, each worth 5% of the overall mark, and one unseen written end of term test, worth 20% 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.

Assessment 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: 4 September 2020

THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.

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