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EC338: Econometrics 2: Microeconometrics

  • Pedro Souza

    Module Leader
15 CATS - Department of Economics
Autumn Module

Principal Aims

EC338-15 Econometrics 2: Microeconometrics

Principal 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, L100 - Year 3, L103 - Year 4, L116 - Year 3, L1P5 - Year 1, L1PA - Year 1, LM1D (LLD2) - Year 3, LM1H - Year 4, V7ML - Year 3, V7MM - Year 4, V7MP - Year 3, V7MR - Year 3, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 3
Pre or Co-requisites
EC203 or EC226 or ST218 (part A) + ST219 (part B)
Restrictions
Not available to non-final year students on Economics-based degrees.
Part-year Availability for Visiting Students
Available in the Autumn term only (1 x 1500 word essay - 12 CATS)

Assessment

Assessment Method
Coursework (100%)
Coursework Details
Assignment (1500 words) (20%), Online multiple choice tests x 10 (20%), 24 hour examination (Summer) (60%)
Exam Timing
N/A

Exam Rubric

Time Allowed: 2 hours

Answer ALL SIX questions in Section A (72 marks) and ONE question in Section B (28 marks). Answer Section A questions in one booklet and Section B questions in a separate booklet.

Approved pocket calculators are allowed.

Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.

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