GY428 Half Unit
Applied Quantitative Methods
This information is for the 2020/21 session.
Dr Daniele Fanelli (COL 7.07)
Dr Cristobal Ruiz-Tagle (STC)
Dr Quentin Coutellier (STC)
This course is compulsory on the MSc in Environmental Economics and Climate Change. This course is available on the MPhil/PhD in Economic Geography, MPhil/PhD in Environmental Economics, MPhil/PhD in Regional and Urban Planning Studies, MSc in Local Economic Development and MSc in Urban Policy (LSE and Sciences Po). This course is available with permission as an outside option to students on other programmes where regulations permit.
The number of students that can be accommodated is limited. If the course is over-subscribed, places will be allocated at the Department’s discretion and a waiting list may be created. For further details, please contact your relevant Programme Coordinator.
A background in undergraduate statistics or, preferably, econometrics is required
This course will provide an introduction to quantitative methods in use in modern environmental and resource economics. Emphasis will be placed on the practical use of empirical tools. This applied focus will be complemented by the investigation of assumptions and proofs that can improve the understanding of empirical results. Students will apply the methods taught using statistical/econometric software and data documenting some topical public policy questions. These applications will take place in ten seminars of one hour each. During the seminars the students will gain understanding of the statistical software STATA. Additionally, in the lectures and sometimes seminars, selected papers in quantitative environmental economics will be critically discussed. In general the course will attempt to use examples from relevant and topical empirical papers published in the area of applied econometrics and environmental economics. The module will cover several estimators. We will start with the standard linear regression model, its assumptions, violations and testing procedures. Some non-Linear models will also be presented, including Multivariate Probit and Logit Models (Maximum Likelihood). Extensions of the Linear regression model to incorporate panel data estimators and Instrumental Variables (IV) approaches (e.g. Two Stage Least Squares and Fixed and Random Effects models) will be also covered. The course will conclude with a discussion of programme evaluation methods and randomised control trials (RCTs).
The course follows the MY452 (delivered by Methodology Department) for the first 6 lectures and seminars, before swtching over to the Geography and Environment Department for the last 4 lectures and seminars.
In the Department of Geography and Environment, teaching will be delivered through a combination of classes/seminars, pre-recorded lectures, live online lectures and other supplementary interactive live activities.
This course is delivered through a combination of classes and lectures across Michaelmas Term. This course includes a reading week in Week 6 of Michaelmas Term.
There will be an opportunity to get feedback on weekly exercises.
Detailed reading lists will be provided to support each course component, but the following texts will be particularly useful:
Part I: (Weeks 1-7 with Daniele Fanelli):
A Agresti & B Finlay, Statistical Methods for the Social Sciences.
Part II: (Weeks 8-11 with Cristobal Ruiz-Tagle):
a) Stock J.H. and M.W. Watson (2011). Introduction to Econometrics. Third Edition Pearson International Edition;
b) J. Wooldridge (2006), Introductory Econometrics: A modern approach, Thomson;
c) Angrist J and Pischke J.S. (2009) Mostly Harmless Econometrics, Princeton.
Exam (80%, duration: 2 hours) in the summer exam period.
Coursework (20%) in the MT.
The coursework assessement will take the form of problem sets or exercises that recap on some of the most important topics.
Student performance results
(2016/17 - 2018/19 combined)
|Classification||% of students|
Important information in response to COVID-19
Please note that during 2020/21 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the situation of students in attendance on campus and those studying online during the early part of the academic year. For assessment, this may involve changes to mode of delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Department: Geography & Environment
Total students 2019/20: 60
Average class size 2019/20: 20
Controlled access 2019/20: Yes
Value: Half Unit
Personal development skills
- Problem solving
- Application of information skills
- Application of numeracy skills
- Specialist skills