Econometrics I

Module Code: EC7003

• ECTS Credit: 10
• Mandatory/Optional: Mandatory
• Module Coordinator: Prof . C. Newman

Aims of Module

The aim of this module is to provide students with the skills required to undertake independent applied research using modern econometric methods. The module attempts to provide a balance between theory and applied research. Lectures will be accompanied by tutorials and computer sessions. These applied sessions will instruct students primarily in the use of Stata but may also include sessions on MATLAB.

Module Delivery

The module will be delivered through a combination of lectures (18 hours) dealing primarily with theoretical issues and workshops (18 hours) involving smaller group work focussing on applying the theoretical concepts explored in lectures to real data.

Learning Outcomes

Students attending this course will deepen their theoretical knowledge of a range of topics in econometrics and develop the necessary practical skills to estimate their own micro and macro economic models. The workshops accompanying lectures will instruct students in the use of econometrics software necessary for applied work.

Syllabus

Topics covered in this module include:

1. The Classical Linear Regression Model
2. Maximum Likelihood Estimation
3. Models with Limited Dependent Variables
4. Panel Data Models

Assessment

Assessment for the course is based on a combination of coursework, consisting of problem sheets, lab exercises and one supervised applied project, and a 3 hour examination

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