Principal Aims

This module provides students with a thorough understanding basic principles of econometrics. You will be exposed to a range of different econometric tools. You will gain an understanding of simple OLS, the limitations of the application of OLS, potential alternative estimators for the different type of data one might encounter including: cross-sectional data sets, time series data set and panel data sets.. You will gain skills and techniques to analyse problems from an intuitive, graphical and statistical perspective applying your knowledge to real world data.

Principal Learning Outcomes

Acquired the tools of quantitative methods necessary to study core and optional second and third year modules in economics for single honours courses in Economics. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures and classes. The summative assessment methods that measure the achievement of this learning outcome are: Test, exam, and assignment (group work).

Developed their understanding of statistical (econometric) software and economics databases. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures and classes. The summative assessment methods that measure the achievement of this learning outcome are: Tests, assignment (group work).

Further developed their communication skills in presenting and analysing data. The teaching and learning methods that enable students to achieve this learning outcome are: Classes. The summative assessment methods that measure the achievement of this learning outcome are: Tests, assignment (group work).

Developed further their techniques of statistical methods; generated a thorough understanding of the statistical techniques as well as a critical appreciation of them. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures and classes. The summative assessment methods that measure the achievement of this learning outcome are: Test, exam, and assignment (group work).

Syllabus

Context

Core Module

L1PA - Year 1, L1P5 - Year 1, LM1D (LLD2) - Year 2, R9L1 - Year 2, R4L1 - Year 2, R2L4 - Year 2, R1L4 - Year 2

Optional Core Module

GL11 - Year 2, GL12 - Year 2, R3L4 - Year 2

Optional Module

GL12 - Year 4, V7ML - Year 3, V7MM - Year 4

Pre or Co-requisites

Any of:

EC139-15 Mathematical Techniques A AND EC124-15 Statistical Techniques B OR

EC140-15 Mathematical Techniques B AND EC124-15 Statistical Techniques B OR

IB122-15 Business Analytics (for WBS students) OR

EC106-30 Introduction to Economics OR EC107-30 Economics 1 for GL11, MORSE and other students from the

Mathematics/Statistics Department

Summary:

Modules: (EC140-15 and EC124-15) or IB122-15 or (EC106-24 or EC107-30) or (EC139-15 and EC124-15)

Restrictions

May not be combined with modules EC203-30

Assessment

Assessment Method

Coursework (40%) + In-person Examination (60%)

Coursework Details

8 x online multiple choice question tests (10%) , Group Project (15%) , Group work assignment (5%) , In-person Examination (60%) , Test (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