2023/24 Taught Postgraduate Module Catalogue
TRAN5113M Transport Econometrics
15 creditsClass Size: 50
Module manager: Philip Wheat
Taught: Semester 1 (Sep to Jan) View Timetable
Year running 2023/24
Pre-requisite qualificationsPrior economics experience required; discuss with tutor in advance.
Module replacesLUBS5104M Quantitative Research Methods (as a compulsory for the MA Transport Economics programme; it remains as part of LUBS suite of modules)
This module is approved as an Elective
Module summaryThis course will give the student the opportunity learn through a hands-on approach the use of econometrics in transport applications. After an introduction to the basic theory, which does require a need for matrix algebra, the lectures will make use of transport examples to demonstrate the various topics covered by the syllabus. The students will be provided with data to analyse in practicals and as coursework.
ObjectivesOn completion of this module, the student should have a basic understanding of the classical regression model and its applications in transport. This involves model specification, tests for validity of assumptions, methods for dealing with violation of assumptions and hypothesis testing. The student will be able to use econometric software to solve problems relevant to transport
The student will be able to
1. interpret and critically assess the results of econometric analysis.
2. Apply appropriate econometric methods to transport problems.
3.Become familiar with the econometric software EVIEWS and be able to use the program to analyse transport data.
4. Develop written reporting and presentation of econometric results.
The topics covered are:
- Statistical background: inference, hypothesis testing;
- Ordinary Least Squares estimation, BLUE, assumptions, violation of assumptions;
- Multicolinearity; misspecification; omitted variables;
- Non-linearities; functional form;
- Cross-section data; time - series data; dynamic models; pooled and panel data; Stochastic Frontier Models.
|Private study hours
|Total Contact hours
|Total hours (100hr per 10 credits)
Private studyBackground reading for lectures; practice with econometric software; preparation of reports on practicals; coursework.
Opportunities for Formative FeedbackAttendance at lectures, practicals and tutorials; contributions to tutorials; assessed practicals and course work.
Methods of assessment
|% of formal assessment
|2,500 word report
|Project Presentation (recorded if necessary)
|Total percentage (Assessment Coursework)
Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated
Reading listThe reading list is available from the Library website
Last updated: 16/10/2023 15:49:47
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