| Unit name | Quantitative Methods for Economics, Finance and Management |
|---|---|
| Unit code | ECONM1012 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 1 (weeks 1 - 12) |
| Unit director | Dr. Crespo |
| Open unit status | Not open |
| Pre-requisites |
None |
| Co-requisites |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
An introduction to quantitative methods for economics, finance and management including statistics and econometrics. The first part of the course concentrates on basic statistical techniques which are required for the study of econometrics in the second part of the course. Although a number of key theoretical concepts are introduced, the emphasis is on applying statistical and econometric techniques to applied problems in economics, finance and management.
Unit aims:
At the end of the unit:
1) Students will be able to explain, discuss and use fundamental ideas in statistics; expectations, moments, uni and bi-variate distributions and estimation and hypothesis testing.
2) Students will be able to explain and discuss the appropriate application of the most widely-used econometric tools such as OLS; to be able to interpret econometric models; and to interpret simple estimation and hypothesis testing procedures, all using STATA.
3) Students will be able to critically engage with texts and journal articles which involve econometric work and recognise the problems which researchers are faced with when dealing with real data.
16 hours of lectures (whole-group sessions to introduce material)
4 exercise lectures (whole-group sessions to consolidate material and provide feedback on exercises)
4 classes (small-group sessions)
In a typical week there will be three hours of large-group teaching and one hour of small-group teaching
Summative assessment
21/2 (two-and-a-half) hour closed book exam.
The exam will contain a mixture of questions, with students required to answer some from each type. Questions are typicaly long multi-part questions, with different parts of a questions assessing different ILOs:
A small amount of the material involves basic problem-solving or simple interpretation and can be assessed by multiple choice questions and we may use MCQs to assess up to 25% of the marks.
Formative assessment
Pencil-and-paper exercises (some of which will be marked by class tutors and returned with feedback)
Supplemented by Electronic assessment to test basic skills.
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. ECONM1012).
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.
