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Unit information: Econometrics 1 in 2021/22

Unit name Econometrics 1
Unit code EFIM20011
Credit points 20
Level of study I/5
Teaching block(s) Teaching Block 1 (weeks 1 - 12)
Unit director Dr. Polisson
Open unit status Not open
Pre-requisites

EFIM10023 Mathematics for Economics AND
EFIM10024 Probability, Statistics and Econometrics

OR

MATH10013 Probability and Statistics

Co-requisites

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

After a refresher in probability and statistics, this course will be split into two main sections. First, we will study tools to conduct a descriptive analysis and describe the statistical relationship between variables in the data. These methods will revolve around the OLS estimator.

In the second part of the course, we will learn how to conduct a causal analysis. We will introduce and study the IV estimator and then discuss general evaluation problems in experimental and non-experimental settings.

Intended Learning Outcomes

At the end of the unit students will show:

  1. a good understanding of the OLS regression methodology (what it does, its strengths and weaknesses, how to use it to test economic hypotheses);
  2. a good understanding of IV and more general evaluation methods;
  3. The ability to perform and interpret econometric analysis using a statistical software package.
  4. the ability to read and interpret economics articles which use standard econometric methods.

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

Summative:

MCQs (best 2 out of 3) (20%) Assesses all learning outcomes.

Examination (2 hours) (80%) Assesses all learning outcomes.

Formative:

Students must submit credible attempts for at least 3 out of 5 Stata Peer Reviews for Credit Points to be awarded.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM20011).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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