Undergraduate Course: Applications of Econometrics (ECNM10056)
|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
|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.
Applications of Econometrics (A of E) builds on the techniques developed in Essentials of Econometrics through a variety of economic applications. The course is divided into two parts. The first half, taught by Liang Bai, 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, taught by Ana Nuevo-Chiquero, covers techniques for working with panel data, instrumental variables estimation, and limited dependent variable models. Applications include both instructions on how to employ these methods to data that are freely available and examining journal articles which use these methods. Students will have the opportunity to carry out their own empirical modelling and estimation, developing skills expected of contemporary economics graduates in a wide variety of contexts.
Entry Requirements (not applicable to Visiting Students)
|| Students MUST have passed:
Economics 2 (ECNM08006)
||Co-requisites|| Students MUST also take:
Essentials of Econometrics (ECNM10052)
||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?
Course Delivery Information
|Academic year 2017/18, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
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
|Assessment (Further Info)
|Additional Information (Assessment)
||A 2-hour degree examination in April/May (60%), a group project (20%), a 1 hr class exam in Week 6 (20%).
The degree examination must be passed in order to pass the course.
||Written feedback will be provided on the class examination and the project. Verbal guidance and feedback will be available in tutorials, laboratories and helpdesks.
||Hours & Minutes
|Main Exam Diet S2 (April/May)||2:00|
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.
|J. Wooldridge, Introductory Econometrics, 6th edition.|
|Graduate Attributes and Skills
||See Learning Outcomes.
|Additional Class Delivery Information
||3 hours per week of lectures, 1.5 hours per week tutorials and 1 hour per week lab session (weeks 1-4 and 6 - 9).
|Course organiser||Dr David Candon
Tel: (0131 6)51 7112
|Course secretary||Ms Dawn Everett
Tel: (0131 6)51 5958