EC352-6-AU-CO:
Econometric Methods

The details
2019/20
Economics
Colchester Campus
Autumn
Undergraduate: Level 6
Current
Thursday 03 October 2019
Saturday 14 December 2019
15
20 September 2019

 

Requisites for this module
EC252
(none)
(none)
(none)

 

(none)

Key module for

BSC L101SK Economics

Module description

This course covers a range of methods used in the modern application of econometric techniques to economic and financial data. Following a review of linear regression methods, students are introduced to maximum likelihood estimation and instrumental variable methods, before proceeding to a more in-depth treatment of certain classes of models that arise in economics and finance to deal with particular types of data.

These include: limited dependent variables; univariate and multivariate time series (stationary and nonstationary); and panel data. Issues of model specification, estimation and hypothesis testing will be stressed throughout. The course is designed to enable students to practise the relevant methods, rather than to derive estimators or tests, or to prove the theorems upon which these are based.

Module aims

The aim of this module is to teach students advanced undergraduate level econometric methods. Those methods are highly sophisticated compared to prerequisite modules such as EC252. The module material will provide necessary background to students who wish to write a final year dissertation by using quantitative methods. Also, students with the motivation of pursing for graduate programs or consultation type job applications will highly benefit from the module.

Module learning outcomes

Upon completion of the course, students will be able to demonstrate their knowledge of modern econometric methods and be able to analyse economic data using the appropriate techniques. In completing the course test, students will demonstrate their problem-solving analytical and deductive skills.

Employability skills include: Academic skills: Literacy, numeracy, problem-solving and ICT skills; Professional working skills: adaptability; flexibility, decision-making; External awareness: economic and business environment and policy; Personal development planning: Time management, self management, reflection and evaluation.

Module information

No additional information available.

Learning and teaching methods

Two 1-hour lectures per week, weeks 2-11. One (optional) lab per week, weeks 3-11.

Bibliography

  • Wooldridge, Jeffrey M. (2018) Introductory econometrics: a modern approach, Boston, MA: Cengage.

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 Weighting
Written Exam EC352 Test
Exam 120 minutes during Summer (Main Period) (Main)

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
50% 50%
Module supervisor and teaching staff
Lectures: Neslihan Sakarya / Laboratories: various teachers
For further information, send an email message to ueco@essex.ac.uk.

 

Availability
Yes
Yes
No

External examiner

Dr Fabio Riccardo Arico
The University of East Anglia
Senior Lecturer
Resources
Available via Moodle
Of 55 hours, 37 (67.3%) hours available to students:
18 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

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