Applied Economics ECONM1008
- Level: MSc
- Credit point value: 15
- Unit Director: Edmund Cannon
- Lecturers: Edmund Cannon & Sonia Bhalotra
Programmes
Compulsory Unit in: Economics, Economics and Econometrics, Economics and Public Policy, Quantitative Development Economics.
Optional Unit in: Finance and Investment.
Unit Aims
In this unit we shall look at applications of the more theoretical material covered in the accompanying units (Micro, Macro, QME, etc). You will also get practice in doing your own research and writing it up (preparation for the dissertation).
General Description of the Unit
In this unit we will look at a variety of issues under the general heading of "applied economics” – which can be interpreted in several ways.
- Using economic methods to solve problems;
- Testing economic theory using econometrics;
- Applied topics in economics and finance not covered elsewhere;
- Understanding of numbers and how (not) to use them;
- Framing effects;
- Scientific method.
The unit will be topic based: the precise list of topics varies from year to year.
Learning Objectives
Ability with STATA and (to a lesser extent) Excel for economic applications; understanding of applied work in Economics and Finance.
Texts
There is no single textbook for the unit. We shall draw on various books such as:
- Greene “Econometric Analysis”
- Baum “An Introduction to Modern Econometrics using STATA”
- Kennedy “A Guide to Econometrics”
- Azariadis “Intertemporal Macroeconomics”
- Coelli, Rao & Battese “An Introduction to Efficiency and Productivity Analysis”
- Deaton & Muelbauer “Economics and Consumer Behaviour”.