EC303A-Applied Econometrics II.1

Module Provider: Economics
Number of credits: 20 [10ECTS credits]
Terms in which taught: Autumn and Spring
Module Convenor: Professor KD Patterson
Pre-requisites: EC201A and EC202A and EC203A
Co-requisites: EC301A or EC302A
Modules excluded:
Module version for: 2008/9

Email: k.d.patterson@reading.ac.uk

Aims:

Assessable learning outcomes:
To illustrate a number of important areas in which econometric techniques are applied; to link the theoretical literature to which students have been introduced in their core subjects to a related body of empirical work. At the end of the module students should be able to undertake the following.
Critically analyse empirical studies that use econometric techniques.
Assess the integration of, and co-integration between, economic time series.
Apply and interpret Dickey-Fuller tests for nonstationary time series.
Understand some simple methods for estimating potentially cointegrating equations.
Illustrate modern methods of time series econometrics as applied to current areas of economics.

Additional outcomes:
Data management and interpretation; IT skills involving quantitative techniques, graphical representation and word processing.

Outline content:
The module will cover the following topic areas:
Nonstationarity, cointegration and dynamic modelling in applied econometrics.
Applications of econometric techniques to microeconomics and macroeconomics; for example, the law of one price and the theory of exchange rate determination, the demand for money and the demand for consumer goods.
Cointegration in systems of economic variables, with applications in microeconomics and macroeconomics.

Brief description of teaching and learning methods:
Lectures and co-ordinated classes serve to introduce and facilitate a discussion and development of the main issues.

Contact hours:

	Autumn	Spring	Summer
Lectures	10 x 2hrs	4 x 2hrs	2 x 2hrs
Tutorials/seminars	5 x 1hr	2 x 1hr
Practicals
Other contact (eg study visits)
Total hours	25	10	4
Number of essays or assignments	1 diagnostic test	1 diagnostic test
Other (eg major seminar paper)

Assessment:
Coursework
Two diagnostic tests are set over the two terms.

Relative percentage of coursework
Coursework has a weight of 20% in the final assessment mark (10% each test).

Penalties for late submission
Penalties for late submission will be in accordance with the University policy.

Examination
One 2-hour unseen written paper.
Part 3 Final examinations begin in the third week of the Summer term.

Requirements for a pass
A minimum mark of 40%.

Reassessment arrangements
Re-examination for Finals takes place in August/September of the same year.