Module overview
To take the principles developed in second year statistical theory and econometrics modules and show their wider application in econometric estimation and model-building.
Linked modules
Prerequisites: ECON2007 OR ECON2032
Aims and Objectives
Learning Outcomes
Learning Outcomes
Having successfully completed this module you will be able to:
- Be able to understand and apply Panel Data Models. In particular: learn the theoretical foundations of panel data; learn empirical applications of panel data using statistical software such as Stata or Eviews.
- Be able to understand and apply Time Series Models. In particular: learn the theoretical foundations of time series; learn empirical applications of time series using statistical software such as Stata or Eviews.
- Apply the principles learnt in year 2 in a variety of model-building situations.
Syllabus
The main topics include:
- Panel Data Models;
- Time Series Models.
Learning and Teaching
Teaching and learning methods
Lectures and masterclass
| Type | Hours |
|---|---|
| Independent Study | 122 |
| Teaching | 28 |
| Total study time | 150 |
Resources & Reading list
Internet Resources
J.L. Castle and D.F. Hendry (2019) Modelling our Changing World, Palgrave Pivot..
Textbooks
R.C. Hill, W.E. Griffiths and G.C. Lim Carter (2018). Principles of Econometrics. Wiley and Sons.
Cameron and Trivedi. Microeconometrics Using Stata. Stata Press.
Jeffrey Wooldridge. Introduction to Econometrics. Cengage Learning.
J.H.Stock and M.W Watson (2014). Introduction to Econometrics. Pearson.
Assessment
Assessment strategy
Assessment in this module will in form of two online tests/quizzes (each worth 10% of the final mark), and two pieces of take-home coursework (40% of the final mark each). The coursework assignments will be in form of empirical projects containing questions related to time series and panel data methods learned in the module. This is supported by continuous formative assessment in form of problem sets. This is the same for internal repeat. Assessment for external repeat and referral is through 100% end of module take-home assignment.
Summative
This is how we’ll formally assess what you have learned in this module.
| Method | Percentage contribution |
|---|---|
| Coursework | 40% |
| Coursework | 40% |
| Exercises and Quizzes | 10% |
| Exercises and Quizzes | 10% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
| Method | Percentage contribution |
|---|---|
| Assignment | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
| Method | Percentage contribution |
|---|---|
| Assignment | 100% |
Repeat Information
Repeat type: Internal & External