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The University of Southampton
Courses

ECON3031 Applied Econometrics

Module Overview

To take the principles developed in second year statistical theory and econometrics courses and show their wider application in econometric estimation and model-building.

Aims and Objectives

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Apply the principles learnt in year 2 in a variety of model-building situations.
  • 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.
  • 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.

Syllabus

The main topics include: - Panel Data Models; - Time Series Models.

Learning and Teaching

Teaching and learning methods

Lectures and masterclass

TypeHours
Independent Study122
Teaching28
Total study time150

Resources & Reading list

R.C. Hill, W.E. Griffiths and G.C. Lim Carter  (2018). Principles of Econometrics. 

Cameron and Trivedi. Microeconometrics Using Stata. 

Jeffrey Wooldridge. Introduction to Econometrics. 

J.L. Castle and D.F. Hendry (2019) Modelling our Changing World, Palgrave Pivot. .

J.H.Stock and M.W Watson  (2014). Introduction to Econometrics. 

Assessment

Assessment Strategy

Assessment in this module will in form of 2 problem sets (each worth 5% of the final mark), successful participation in masterclasses (10%) and an individual final take-home assignment (80%). The assignment will be in form of two empirical projects containing questions related to time series and panel data methods learned in the module.In the event of you having to resit this unit, the coursework and participation marks will not be carried forward.

Summative

MethodPercentage contribution
Assignment 80%
Coursework 5%
Coursework 5%
Participation 10%

Repeat

MethodPercentage contribution
Assignment  ( words) 100%

Referral

MethodPercentage contribution
Assignment 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Prerequisites: ECON2007 OR ECON2032

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