Quantitative Research Techniques 1

Module description

Econometrics is the branch of economics devoted to the development and application of statistical methods to the study and clarification of the economic phenomena. This module provides an introduction to econometric theory. Econometric theory is a collection of mathematical and statistical ideas and principles that motivates much of the empirical analysis by economists.

Full module specification

Module title:Quantitative Research Techniques 1
Module code:BEEM102
Module level:M
Academic year:2016/7
Module lecturers:
  • Dr Sebastian Kripfganz - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 1:

11

Module aims

This module aims at providing the students with an introduction to the theory of econometrics covering important topics in econometric estimation and inference as applied in linear and some non-linear models. The module will provide students with the necessary knowledge for understanding recent developments in econometrics.

 

The module will help students carry out future applied econometric analysis since understanding the underlying econometric theory is important in order to make reasonable judgments about the methods to implement.

ILO: Module-specific skills

  • 1. demonstrate an in-depth understanding of theoretical aspects of important topics in econometrics

ILO: Discipline-specific skills

  • 2. demonstrate an ability to apply important general principles and tools used in econometrics
  • 3. demonstrate a specialised knowledge of theoretical aspects of econometrics to enable him/her to carry out applied research or direct them towards an academic career

ILO: Personal and key skills

  • 4. demonstrate a logical attitude towards the solution of problems
  • 5. demonstrate confidence in identifying, tackling and solving research problems

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
321180

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours22Lectures
Contact hours10Tutorials

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly exercises3-5 questions per week1-5Oral / written

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
45550

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Problem Set152-5 problems1-5Oral / written
Problem Set152-5 problems1-5Oral / written
Problem Set152-5 problems1-5Oral / written
Examination552 hours1-5Oral / written
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
ExaminationExamination (100%) 2 hours1-5August Examination Period

Syllabus plan

The following non-exclusive list gives an indication about possible topics covered by this module:

1. The linear regression model

• Review of matrix algebra
• Ordinary least squares estimation
• Unbiasedness and efficiency
• Consistency and asymptotic normality

2. Model specification

• The partitioned regression model
• Omitted variables and irrelevant regressors
• Goodness of fit
• Testing linear restrictions

3. The generalised linear regression model

• Generalised least squares estimation

4. Instrumental variables

• Instrumental variable estimation
• Generalised method of moments

Indicative learning resources - Basic reading

Main textbook:

Greene, W. H. (2012). Econometric Analysis, 7th Edition (Int. Edition), Essex: Pearson.

Additional reading:

Davidson, R. and MacKinnon, J. (2009). Econometric Theory and Methods, Int. Edition, New York: Oxford University Press.
Hayashi, F. (2000). Econometrics, New Jersey; Woodstock: Princeton University Press.
Johnston, J. and DiNardo, J. (1997), Econometric Methods, 4th Edition, New York: McGraw-Hill.
Verbeek, M. (2012). A Guide to Modern Econometrics, 4th Edition, Chichester: Wiley.

 

Module has an active ELE page?

Yes

Origin date

17/07/2014

Last revision date

17/08/2016