ECON6003 Quantitative Economics
The module focuses on the role of statistical methods for investigating and evaluating hypotheses concerning economic ideas
Aims and Objectives
To develop your ability to conduct, interpret and evaluate quantitative theoretical and empirical work in economics. The course focuses on the role of statistical methods for investigating and evaluating hypotheses concerning economic ideas.
Having successfully completed this module you will be able to:
- Formulate economic problems/questions in terms of appropriate statistical models for estimation and testing
- Demonstrate knowledge and understanding of the strengths and weakness of different types of economic data
- Demonstrate knowledge and understanding of the strengths and weakness of alternative approaches to estimation and testing
- Interpret and evaluate the results of econometric analysis in a range of contexts
The course focuses on economic modelling of the behaviour of a population (of individuals, firms, countries, etc.) both at a given point in time (cross-section) and across time periods (time-series). The emphasis is placed on problem/issue formulation, literature review, data collection, model specification, estimation, and inference. The statistical analysis package Stata is used to illustrate the application of techniques, drawing upon questions involving real data.
Learning and Teaching
|Total study time||200|
Resources & Reading list
Other. References to journal articles, research papers and textbooks will be provided during the course.
Take-home assignments count for 20%; a three-hour written examination (closed book) at the end of semester 2 count for 80%.
|Exam (3 hours)||80%|
|Exam (3 hours)||100%|
To study this module, you will need to have studied the following module(s):