EC303-Applied Econometrics

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:6
Terms in which taught: Autumn term module
Pre-requisites: EC204 Introductory Econometrics or EC204NU Introductory Econometrics
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2021/2

Module Convenor: Prof Simonetta Longhi
Email: s.longhi@reading.ac.uk

Type of module:

Summary module description:

This module is one of two applied econometric modules which provide further development of econometric methods introduced in Parts 1 and 2; EC303 focuses on micro-econometrics.  EC303 provides a solid grounding in recent developments in applied micro-econometrics, enables students to understand what is the most appropriate econometric method for a given set of data and problem faced, and gain practical experience (with computer classes) in analysing a wide range of economic questions.  This module provides a flexible route to assessment, with students having an element of choice between coursework only or a combination of exam and coursework for their assessment.

Aims:
The aim of this module is to provide a solid grounding in recent developments in applied econometrics. It will enable students to understand what is the most appropriate econometric method for a given set of data and problem faced, and gain practical experience (with computer classes) in analysing a wide range of economic questions.

Assessable learning outcomes:

At the end of the module students should be able to:

• understand the need for, and the nature of, advanced econometric methods;


• implement advanced econometric methods using common computer software packages;


• read academic papers in economics and understand the suitability of the methods employed.

Additional outcomes:

Students will be able to understand and comment on the quality of econometric output, both that created by themselves, and that created by others. 

Outline content:

Topics may include: panel data methods, limited dependent variable models, selection models, instrumental variables, and other micro-econometric techniques.

Brief description of teaching and learning methods:
Formal lectures and computer classes; supported independent study.

Contact hours:

	Autumn	Spring	Summer
Lectures	20		2
Practicals classes and workshops	8
Guided independent study:	152		18
Total hours by term		0
Total hours for module	200

Summative Assessment Methods:

Method	Percentage
Written exam	50
Project output other than dissertation	50

Summative assessment- Examinations:

One 3 hour unseen written paper.

Part 3 examinations are held in the Summer term.

Summative assessment- Coursework and in-class tests:

Assessment is primarily via coursework.  The final mark for this module will be computed using a max rule: the final mark will be whichever is greater between a) 100% of coursework (project) and b) 50% coursework and 50% exam.

Formative assessment methods:

Exercises and quizzes discussed during the lectures. 

Penalties for late submission:

The Support Centres will apply the following penalties for work submitted late:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
• where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:
A minimum overall mark of 40%.

Reassessment arrangements:

Re-examination for all modules takes place in August/September of the same year. Re-assessment is by coursework only. 

Additional Costs (specified where applicable):

1) Required text books:  None

2) Specialist equipment or materials:  None

3) Specialist clothing, footwear or headgear:  None

4) Printing and binding:  There may be optional costs associated with photocopying or printing sources listed on the reading list relating to this module. Please note that the Library charges approximately 5p per photocopy.

5) Computers and devices with a particular specification:  None

6) Travel, accommodation and subsistence:  None

Last updated: 30 July 2021