The University of Southampton
Courses

ECON6003 Quantitative Economics

Module Overview

The module focuses on the role of statistical methods for investigating and evaluating hypotheses concerning economic ideas

Aims and Objectives

Module Aims

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.

Learning Outcomes

Learning Outcomes

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

Syllabus

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

TypeHours
Teaching40
Independent Study160
Total study time200

Resources & Reading list

Other. References to journal articles, research papers and textbooks will be provided during the course.

Assessment

Assessment Strategy

Take-home assignments count for 20%; a three-hour written examination (closed book) at the end of semester 2 count for 80%.

Summative

MethodPercentage contribution
Exam  (3 hours) 80%
Homework/Coursework 20%

Referral

MethodPercentage contribution
Exam  (3 hours) 100%

Linked modules

Co-requisites

To study this module, you will need to also study the following module(s):

CodeModule
ECON6024Econometrics 1
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