2017/18 Undergraduate Module Catalogue

LUBS3370 Applied Econometrics

10 creditsClass Size: 100

Module manager: Sandra Lancheros Torres
Email: S.P.Lancherostorres@Leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2017/18

Pre-requisites

LUBS2570

Introduction to Econometrics

This module is not approved as a discovery module

Objectives

This course aims to further equip students with a good range of advanced skills and tools for data analysis. Its focus is on the use of data and econometric analysis to answer real-world questions and examine predictions of economic/finance theory. The goal of this course is for students to learn how to integrate statistical tools with research designs that are useful in conducting empirical elements of research in economics/finance.

Learning outcomes
On completion of this module, students will be able to:

Knowledge learning outcomes:

- Demonstrate critical appreciation of relevant econometric techniques used to analyse different types of real-world problems;
- Judge the validity of different econometric modelling techniques using appropriate statistical and economics tests;
- Justify conclusions using economic arguments with appropriate rigour; and
- Critically assess and accurately apply econometric techniques used to analyse and solve complex economic problems using regression packages.

Skills outcomes:

Transferable:

- Effectively interpret and communicate the outcomes of regression analysis, both in economic and statistical terms;
- Conduct economic research through research design, data analysis, synthesis and reporting; and
- Solve complex problems and make decisions by applying the fundamental tools of econometric analysis in real-world settings.

Syllabus

Indicative content:

1. Time Series

Stationary Time-Series: Autoregressive and Moving Average Models and Forecasting
Non-Stationary Time Series: Unit root and Co-integration, Vector autoregressive model

2. Panel Data Models

Introduction to panel data, Pooled model, Fixed Effects and Random Effects, Dynamic Panel Data Models

3. Limited Dependent Variable Models

Models for Binary dependent Variables: Probit and Logit models
Models for Polychotomous Variables: Multinomial models and Ordinal Models

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	14	1.00	14.00
Practical	4	1.00	4.00
Tutorial	4	1.00	4.00
Private study hours			78.00
Total Contact hours			22.00
Total hours (100hr per 10 credits)			100.00

Private study

- Preparation for lectures; you will need to solve the tutorial and practical question before attending these sessions;
- 2 hours reading per lecture (28 hours);
- 1.5 hours per seminar/practical (12 hours);
- 38 hours for revision for the final examination

Opportunities for Formative Feedback

Students are encouraged to solve problems and find answers to questions for tutorials and practical sessions before the lectures and will be asked to show their results. Final answers will be provided and will be discussed in terms of their problems and solutions.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Unseen exam	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

The resit for this module will be 100% by examination.

Reading list

The reading list is available from the Library website

Last updated: 20/12/2017

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