EC36220 - ECONOMETRICS 2

Module Identifier	EC36220
Module Title	ECONOMETRICS 2
Academic Year	2002/2003
Co-ordinator	Professor Andrew Henley
Semester	Semester 2
Pre-Requisite	EC36120
Course delivery	Lecture	10 Hours
	Workshop	10 Hours Computer Workshop
	Seminars / Tutorials	5 Hours
Assessment	Semester Assessment	1500 word Computer Assignment	40%
	Semester Assessment	3000 word project	60%

Learning outcomes

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

demonstrate more advanced use of Microfit 4.0 software and elementary use of Limdept 7.0 software;
understand the implications of unit roots in economic time series and the importance of cointegration, and the practical application of tests for unit roots and cointegration;
understand and use single and multiple equation estimation techniques such as two-stage and three-stage least squares;
understand the advantages and shortcomings of panel data in economic applications, and the techniques for estimation of panel data models and their application;
undertake a small scale piece of independent applied econometric research and present a coherent report on the results of that exercise.

Aims

The module will follow on from EC31110 Econometrics 1, to provide students with an advanced understanding of the techniques and quantitative methods employed in applied research in Economics. Econometrics 2 will cover more advanced topics in applied econometrics. The approach in Module 2 will be to provide a familiarity with different empirical approaches, rather than detailed advanced study.

Objectives

On completion students should have gained a working familiarity with more advanced applied econometric techniques as used in Economics for the investigation of time series data, simultaneious equations estimation and data relating to panel and cross-sectional analysis. The approach will remains "hands-on" with computer exercises using Microfit and Limdep packages, with the objective that students should become proficient at undertaking econometric investigaiton of small scale research projects.

Reading Lists

Books
W Enders. (1995) Applied Econometrics Time Series. John Wiley
D Gujarati. (1995) Basic Econometrics. 3rd ed. McGraw-Hill
J Johnston and J DiNardo. (1997) Econometric Methods. 4th ed. McGraw-Hill