EC338: Econometrics 2: Microeconometrics
Neil Lloyd
Module Leader
Dita Eckardt
Module Lecturer
Principal Aims
EC338-15 Econometrics 2: MicroeconometricsPrincipal Learning Outcomes
Subject knowledge and understanding:...understand what is meant by a “causal” estimate and what is required to identify such a relationship. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures. The summative assessment methods that measure the achievement of this learning outcome are: Examination and coursework assignment.
Subject knowledge and understanding:...understand the theoretical pros and cons – and the empirical requirements – of a range of methods designed to produce causal estimates. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures. The summative assessment methods that measure the achievement of this learning outcome are: Examination and coursework assignment.
Subject knowledge and understanding:...be able to analyse different types of microeconomic data using appropriate empirical techniques. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures and seminars. The summative assessment methods that measure the achievement of this learning outcome are: Coursework assignment.
Subject knowledge and understanding:...be able to interpret the results of such analyses. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and coursework assignment.
Subject knowledge and understanding:...understand the features of a robust evaluation and be able to design one for a given scenario. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and coursework assignment.
Subject-specific and Professional Key General Skills:...demonstrate an ability to critically assess empirical papers. The teaching and learning methods that enable students to achieve this learning outcome are: Seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Coursework assignment.
Subject-specific and Professional Key General Skills:...be equipped to tackle advanced microeconometric modules at postgraduate level. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and coursework assignment.
Syllabus
The module will typically cover the following topics: Introduction to correlation vs. causation; OLS and propensity score matching; introduction to dealing with unobservable characteristics; randomised control trials; instrumental variables;regression discontinuity design; difference-in-differences; static and dynamic linear panel data methods; introduction to maximum likelihood estimation; binary choice models; discrete choice models.
Context
- Optional Module
- GL11 - Year 3, GL12 - Year 4, L1P5 - Year 1, L1PA - Year 1, LM1D (LLD2) - Year 3, LM1D (LLD2) - Year 4, V7ML - Year 3, V7MM - Year 4, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 3, L1CA - Year 3, L1CB - Year 4
- Pre or Co-requisites
EC203-30 OR
EC226-30 OR
ST218-12 and ST219-12
Summary:Modules: EC203-30 or EC226-30 or (ST218-12 and ST219-12)
Assessment
- Assessment Method
- Coursework (40%) + Examination (60%)
- Coursework Details
- Assignment 1 (1000 words) (20%) , Assignment 2 (1000 words) (20%) , Examination (60%)
- Exam Timing
- Summer
Exam Rubric
Time Allowed: 2 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 are TWO sections in this paper. Answer ALL SIX questions in Section A (12 marks each) and ONE question in Section B (28 marks).
Answer each whole question in a separate booklet.
Approved scientific (non-graphical) pocket calculators are allowed.
You should not submit answers to more than the required number of questions. If you do, we will mark the questions in the order that they appear, up to the required number of questions in each section.
Approved pocket calculators are allowed.
You should not submit answers to more than the required number of questions. If you do, we will mark the questions in the order that they appear, up to the required number of questions in each section.
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.