EC252-7-AU-CO:
Introduction to Econometric Methods
2023/24
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 05 October 2023
Friday 15 December 2023
20
16 August 2023
Requisites for this module
(none)
(none)
(none)
(none)
BE333, EC352
This module provides an introduction to the econometric methods commonly used to analyse economic data. The focus of the module is on linear regression and the ordinary least squares (OLS) estimation procedure. This is introduced after a review of basic probability, random variables, simple descriptive statistics and the concept of the null hypothesis.
Students will then be taught about how t-tests and F-tests can be used to make inferences about the estimated parameters and what diagnostic tests are available to test some of the assumptions of the simple OLS model. Then the module will move onto the question of identification and model specification, the concepts and implications of consistency and efficiency. The module will be taught throughout using the Stata software package and always using economic examples using real data.
The aim of this module is to teach students intermediate undergraduate level econometric methods. Those methods are more sophisticated compared to the prerequisite module EC114. The module material will provide a good background to students who wish to write a final year dissertation by using quantitative methods.
By the end of this module, students will be expected to be able to:
- Carry out simple statistical and econometric calculations.
- Possess the ability to understand and assess critically empirical findings reported in the applied economics literature.
- Use the linear regression model and the econometric methods developed for the linear regression model in order to conduct a simple econometric investigation of an empirical issue of interest.
- Demonstrate during tests/assignments their problem-solving analytical and deductive skills.
Employability skills
This module delivers key employability skills of:
- Adoption of new techniques and project management (Career Development).
- Reflection and evaluation (Personal Development Planning).
No additional information available.
The module will be delivered via:
- Two 1-hour lectures
- One class per week
In one term.
The above list is indicative of the essential reading for the course.
The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students.
Further reading can be obtained from this module's
reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Mid-term Exercise |
|
50% |
| Coursework |
Mid-term Test via FASER |
|
50% |
| Exam |
Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
|
| Exam |
Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)
|
Additional coursework information
Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance. For modules including a term paper, the term paper will be returned with individualised feedback that addresses what the marking criteria are and how you could improve your own work.
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Prof Abhimanyu Gupta, email: a.gupta@essex.ac.uk.
Lectures: Dr Abhimanyu Gupta. Classses: Various teachers
For further information, send an email message to ueco@essex.ac.uk.
No
No
No
No external examiner information available for this module.
Available via Moodle
Of 84 hours, 82 (97.6%) hours available to students:
0 hours not recorded due to service coverage or fault;
2 hours not recorded due to opt-out by lecturer(s), module, or event type.
Economics
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