Quantitative Economics

Learning Outcomes

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• Apply adequate statistical software to analyse data

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• the strengths and weakness of alternative approaches to estimation and testing
• the key methods in econometrics to address economic and economic policy questions

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• apply adequate econometric methods to address economic and policy questions using data
• interpret and evaluate the results of econometric analysis in a range of contexts

Topics covered are:

• Econometric modelling of economic data.
• Hypothesis testing and confidence intervals
• Least squares inference in the simple linear regression model.
• The multiple regression model: Testing and models specification.
• Causal inference

This module will cover both techniques of estimation and methods for testing and evaluating results. Emphasis is placed on providing you with practical experience of working with actual economic datasets and using a standard econometric software package (such as Stata) for data analysis. Students will be acquainted with the use of adequate statistical software during practical sessions in computer labs

Lectures, masterclasses and computer classes

Summative

This is how we’ll formally assess what you have learned in this module.