EC203: Applied Econometrics
Principal Aims
This module allows students to develop an understanding of fundamental and intermediate concepts of statistical analysis, such as regression analysis. Students will also develop the capacity to apply statistical techniques to real world problems/data sets using the statistical package STATA.
Principal Learning Outcomes
Subject Knowledge and Understanding:...demonstrate understanding of random variables, associated distributions and moments; statistical estimation, estimator sampling distributions and population inference; causality and selection bias; experimental versus non-experimental data; simple linear regression (SLR) model, assumptions, interpretation and hypothesis testing; multiple linear regression (MLR) model, assumptions, interpretation and hypothesis testing; modelling non-linear relationships; dummy variables; interaction terms; the failure of MLR assumptions; tests and implications for hypothesis testing; problems of endogeneity; instrumental variables; short panel data methods; Stata.
Knowledge and understanding of:... (i) Economic Principles including analysis of economic decisions in microeconomics. (ii) An awareness of the empirical approach to economics and social science. (iii) Reviewing and extending fundamental statistical concepts, including causal analysis and (iv) Regression analysis, its extensions and applications.
Syllabus
The module will typically cover the following topics:
Review of random variables, associated distributions and moments; review of statistical estimation, estimator sampling distributions and population inference; causality and selection bias; experimental versus non-experimental data; simple linear regression (SLR) model, assumptions, interpretation and hypothesis testing; multiple linear regression (MLR) model, assumptions, interpretation and hypothesis testing; modelling non-linear relationships; dummy variables; interaction terms; the failure of MLR assumptions; tests and implications for hypothesis testing; problems of endogeneity; instrumental variables; short panel data methods; Stata.
Context
- Core Module
- L1L8 - Year 2
- Optional Core Module
- R3L4 - Year 2
- Optional Module
- V7ML - Year 3
- Pre or Co-requisites
Any of
EC106-24 Introduction to Economics OR
EC107-30 Economics 1 OR
All of
EC139-15 Mathematical Techniques A and
EC122-15 Statistical Techniques A OR
All of
EC140-15 Mathematical Techniques B and
EC124-12 Statistical Techniques B OR
All of
IB122-15 Business Analytics
Summary:Modules: EC106-24 or EC107-30 or (EC139-15 and EC122-12) or (EC140-15 and EC124-12)
- Restrictions
- May not be combined with modules EC226-30
Assessment
- Assessment Method
- Coursework (50%) + Examination (50%)
- Coursework Details
- Empirical Assignment (10%) , Empirical Assignment (20%) , Examination (50%) , Test 1 (10%) , Test 2 (10%)
- Exam Timing
- Summer
Exam Rubric
Time Allowed: 3 Hours, plus 15 minutes reading time during which you may make notes on the question paper. You must not start writing in your answer booklet until you are instructed.
Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.
There is ONE section in this paper. Answer ALL questions (10 marks each).
Answer each whole question in a separate booklet.
Approved scientific (non-graphical) pocket calculators are allowed. Statistical Tables and a Formula Sheet are provided.
Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.
Reading Lists
2024 EC203: Applied Econometrics (Full Year)
Textbooks
Using statistics in economics
- Type
- Book
- Authors
- Date
- c2005
- Publisher
- McGraw-Hill Education
- Pub Place
- Maidenhead
- ISBN-10
- 0077107438
- ISBN-13
- 9780077107437
- Web address
- https://go.exlibris.link/LVR84Jrv
Introductory econometrics: a modern approach
- Type
- Book
- Authors
- Date
- 2020
- Publisher
- Cengage Learning
- Pub Place
- Boston, MA
- Edition
- Seventh edition
- ISBN-10
- 1337558869
- ISBN-13
- 9781337558860
- Web address
- https://go.exlibris.link/WTTZzqWc
Note:
Additional ebook copies available across multiple platforms - click book title to see options
Introduction to econometrics
- Type
- Book
- Authors
- Date
- 2016
- Publisher
- Oxford University Press
- Pub Place
- Oxford, United Kingdom
- Edition
- Fifth edition
- ISBN-10
- 0199676828
- ISBN-13
- 9780199676828
Econometrics by example
- Type
- Book
- Authors
- Date
- 2015
- Publisher
- Macmillan Education Palgrave
- Pub Place
- London
- Edition
- Second edition
- ISBN-10
- 1137375019
- ISBN-13
- 9781137375018
- Web address
- https://go.exlibris.link/SVdpMdsl
The Stata survival manual
- Type
- Book
- Authors
- Date
- 2009
- Publisher
- Open University Press
- Pub Place
- Maidenhead, Berkshire, England
- ISBN-10
- 0335223877
- ISBN-13
- 9780335223879
- Web address
- https://go.exlibris.link/xsHFt0Jy
More than good intentions : improving the ways the world's poor borrow, save, farm, learn, and stay healthy
- Type
- Book
- Authors
- Pub Place
- Plume 2012
- ISBN-13
- 9780452297562
- Web address
- https://go.exlibris.link/Qwm3PCSW
Mastering "metrics": the path from cause to effect
- Type
- Book
- Authors
- Date
- 2015
- Publisher
- Princeton University Press
- Pub Place
- Princeton, New Jersey
- ISBN-10
- 0691152845
- ISBN-13
- 9780691152844
- Web address
- https://go.exlibris.link/BGyj5MsP
A gentle introduction to Stata
- Type
- Book
- Authors
- Date
- 2016
- Publisher
- A Stata Press Publication, StataCorp LP
- Pub Place
- College Station, Texas
- Edition
- Fifth edition
- ISBN-10
- 1597181854
- ISBN-13
- 9781597181853
- Web address
- https://go.exlibris.link/g3vz2Q59
Statistics for economics, accounting and business studies
- Type
- Book
- Authors
- Date
- 2013
- Publisher
- Pearson
- Pub Place
- Harlow
- Edition
- 6th ed
- ISBN-10
- 0273764322
- ISBN-13
- 9780273764328
- Web address
- https://go.exlibris.link/YpdFdSjd
Introduction to Econometrics
- Type
- Book
- Authors
- Date
- 2020-06-03
- Publisher
- Pearson
- Edition
- 4th ed.
- ISBN-13
- 9781292264455 9781292264523 (electronic bk.) 1
- Web address
- https://go.exlibris.link/j6kk21dG
Books/articles of potential interest (vary degrees of difficulty)
Poor economics: a radical rethinking of the way to fight global poverty
- Type
- Book
- Authors
- Date
- c2011
- Publisher
- PublicAffairs
- Pub Place
- New York
- Edition
- 1st ed
- ISBN-10
- 1586487981
- ISBN-13
- 9781610390934
- Web address
- https://go.exlibris.link/9P20XLHc
More than good intentions: improving the ways the world's poor borrow, save, farm, learn, and stay healthy
- Authors
- Date
- 2012
- Publisher
- Plume
- Pub Place
- New York
- ISBN-10
- 0452297567
- ISBN-13
- 9780452297562
- Web address
- https://go.exlibris.link/Qwm3PCSW
The Microfinance Promise.
- Type
- Article
- Authors
- Volume
- 37
- Volume
- 4
- Web address
- http://0-search.proquest.com.pugwash.lib.warwick.ac.uk/docview/213155005?accountid=14888
Using Randomization in Development Economics Research: A Toolkit
- Type
- Article
- Web address
- http://0-dspace.mit.edu.pugwash.lib.warwick.ac.uk/handle/1721.1/64366#files-area
Mostly harmless econometrics: an empiricist's companion
- Type
- Book
- Authors
- Date
- c2009
- Publisher
- Princeton University Press
- Pub Place
- Princeton
- ISBN-10
- 069112034X
- ISBN-13
- 9780691120348
- Web address
- https://go.exlibris.link/JvQsbXpL
Poor economics: a radical rethinking of the way to fight global poverty
- Type
- Book
- Authors
- Date
- c2011
- Publisher
- PublicAffairs
- Pub Place
- New York
- Edition
- 1st ed
- ISBN-10
- 1586487981
- ISBN-13
- 9781610390934
- Web address
- https://go.exlibris.link/9P20XLHc