EC318-Econometric Methods

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: EC205 Intermediate Econometrics
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2021/2

Module Convenor: Dr Stephen Kastoryano
Email: s.p.kastoryano@reading.ac.uk

Type of module:

Summary module description:

An advanced level course in econometrics.

Develops a theoretical understanding of econometric methods with a focus on causal inference.

Prerequisites include a good understanding of introductory econometrics.

Extends the standard linear regression model to include departures from the standard assumptions.

Enables a deeper understanding of causal inference concepts and estimation approaches. 

Aims:
To provide an up-to-date treatment of econometrics and illustrate the problems that arise in the practical application of econometrics.
To enable a student to apply and interpret econometric techniques in the context of real economic examples.

Assessable learning outcomes:

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

• understand the core methods of econometrics at an advanced level;


• interpret articles and books which make use of econometric techniques;


• critically assess empirical econometrics;


• undertake simple estimation tasks using computer programming. 

Additional outcomes:

Improved understanding of mathematical arguments. A general ability to structure and solve problems. Greater familiarity with econometric software and programming.

Outline content:

The linear regression model and OLS.

The concept of identification.

Treatment Effect Models.

IV and Regression Discontinuity design.

Panel Data.

Binary Models

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

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:

Two problem sets, each worth 10% of the overall mark, and one unseen written mid-term test, worth 30% of the overall mark. 

Formative assessment methods:
Problem sets are undertaken by students during the Autumn term with feedback provided.

Penalties for late submission:

No extensions are allowed for the class exercises, unless approved by the School Director of Academic Tutoring following the submission of an Extenuating Circumstances Form.

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 examination only; coursework is not included at the second attempt.

Additional Costs (specified where applicable):

1. Required text books: Hansen, B (2021), Econometrics, online manual. Available at https://www.ssc.wisc.edu/~bhansen/econometrics/Econometrics.pdf


2. Specialist equipment or materials:


3. Specialist clothing, footwear or headgear:


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:


6. Travel, accommodation and subsistence:

Last updated: 29 April 2021