## EC466-7-AU-CO:MREs Econometrics

The details
2024/25
Economics
Colchester Campus
Autumn
Current
Thursday 03 October 2024
Friday 13 December 2024
20
20 February 2024

Requisites for this module
(none)
(none)
(none)
(none)

(none)

## Key module for

MRESL10012 Economics,
MRESL100EB Economics,
MRESL100EK Economics,
MRESL100KE Economics,
MPHDL10048 Economics,
PHD L10048 Economics

## Module description

This module is a first year graduate level econometrics module. It aims to provide students necessary technical fundamentals in econometrics that would be important for their research in the future. The students will learn about OLS, WLS, GLS, GMM, and MLE estimation techniques and the rigorous properties of those estimators by using linear algebra.

This module begins with a brief review of the mathematical and statistical prerequisites needed for econometrics illustrated using ordinary least squares methods in the classical linear regression model. It then proceeds to cover the use of asymptotic methods in econometrics, classical hypothesis tests, generalized least squares, instrumental variables and the generalized method of moments, and maximum likelihood.

## Module aims

The aims of this module are:

• To provide students with the necessary technical fundamentals in econometrics that would be important for their research in the future.

• To learn about Ordinary Least Squares (OLS), Weighted Least Squares (WLS), Generalized Least Squares (GLS), Generalized Method of Moments (GMM), and Maximum Likelihood Estimation (MLE) estimation techniques and the rigorous properties of those estimators by using linear algebra.

## Module learning outcomes

By the end of this module, students will be expected to be able to:

1. Possess a thorough understanding of the principles of estimation and inference in econometrics.

2. Justify, or criticise where appropriate, the use of particular econometric methods of estimation and inference in a variety of situations.

3. In completing the problem-sets, demonstrate their problem-solving, analytical, and deductive skills.

Transferable Skills

Employability skills include:

1. Academic skills: Literacy, numeracy, problem-solving and ICT skills.

2. Professional working skills: adaptability, flexibility, decision-making.

3. External awareness: economic and business environment and policy.

4. Personal development planning: Time management, self management, reflection and evaluation.

## Module information

This module is a first year graduate level econometrics module.

## Learning and teaching methods

The module will be delivered via:

• One 2 hour lecture per week, weeks 2-11.
• One 1 hour class per week, weeks 3-11.

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.

## Bibliography*

This module does not appear to have a published bibliography for this year.

## Assessment items, weightings and deadlines

Coursework / exam Description Deadline Coursework weighting
Coursework   Mid-term Test - In person     100%
Exam  Main exam: In-Person, Open Book, 120 minutes during January
Exam  Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)

### 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.

Coursework Exam
50% 50%

### Reassessment

Coursework Exam
0% 100%
Module supervisor and teaching staff
Dr Neslihan Sakarya, email: neslihan.sakarya@essex.ac.uk.
Lectures & classes: Dr Neslihan Sakarya
For further information, send an email message to pgteco@essex.ac.uk.

Availability
Yes
No
No

## External examiner

Miss Maria Kyriacou
Resources
Available via Moodle
Of 598 hours, 31 (5.2%) hours available to students:
567 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

Further information
Economics

* Please note: due to differing publication schedules, items marked with an asterisk (*) base their information upon the previous academic year.

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