Undergraduate Course: Applications of Econometrics (ECNM10056)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This course is an intermediate-level Econometrics course, which extends the coverage of econometric techniques developed in Essentials of Econometrics. Emphasis is placed on applications in a variety of economic contexts. |
| Course description |
The course is divided into two parts. The first half will cover time series methods, focusing on regressions with trending variables, testing and correcting for serially correlated errors, as well as forecasting. The second half covers techniques for working with panel data, instrumental variables estimation, and sample selection corrections. Applications include public policy evaluation, randomised controlled trials, and research with quasi-experimental data.
The course is taught through a programme of lectures and computing laboratories. Exercise sheets and computer laboratory usage are integrated with the lecture material, and play a very important part in the learning process. The course involves an assessed project, in which students are required to collaborate in groups and undertake their own modelling, estimation, evaluation and reporting, developing skills frequently expected of contemporary economics graduates in a wide variety of contexts.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
Economics 2 (ECNM08006)
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Co-requisites | Students MUST also take:
Essentials of Econometrics (ECNM10052)
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| Prohibited Combinations | |
Other requirements | Economics Honours entry. If pre-requisite is not met, permission of the course organiser is required. |
Information for Visiting Students
| Pre-requisites | Visiting students should usually have an equivalent of at least 4 semester-long Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); Probability and Statistics; and Introductory Econometrics (with coverage of time series econometrics, panel data methods and instrumental variables). If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required. |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2017/18, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 28,
Seminar/Tutorial Hours 13.5,
Supervised Practical/Workshop/Studio Hours 10,
Summative Assessment Hours 3.5,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
141 )
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| Assessment (Further Info) |
Written Exam
80 %,
Coursework
20 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
A 2-hour degree examination in April/May (60%), a group project (20%), a 1.5hr class exam in Week 6 (20%).
The degree examination must be passed in order to pass the course. |
| Feedback |
Written feedback will be provided on the class examination and the project. Verbal guidance and feedback will be available in tutorials, laboratories and helpdesks. |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
|
| Main Exam Diet S2 (April/May) | | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- A knowledge and understanding of econometric techniques for the empirical analysis of economic phenomena, along with application of these techniques in a variety of contexts.
- Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
- Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
- Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and interpretation of data, programming of statistical packages and general IT literacy.
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Reading List
J. Stock and M. Watson, Introduction to Econometrics, 3rd edition (updated).
J. Wooldridge, Introductory Econometrics, 6th edition. |
Additional Information
| Graduate Attributes and Skills |
See Learning Outcomes. |
| Additional Class Delivery Information |
3 hours per week of lectures, 1.5 hours per week tutorials and1 hour per week lab session. |
| Keywords | AofE |
Contacts
| Course organiser | Dr David Candon
Tel: (0131 6)51 7112
Email: |
Course secretary | Ms Dawn Everett
Tel: (0131 6)51 5958
Email: |
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