EC486 One Unit
Econometric Methods
This information is for the 2025/26 session.
Course Convenor
Prof Rocco Macchiavello
Availability
This course is compulsory on the MSc in Economics and Management. This course is available on the MRes in Economics and Management, MRes in Management (Marketing) and PhD in Economics and Management. This course is not available as an outside option to students on other programmes. This course uses controlled access as part of the course selection process.
Course content
This course aims to present the theory and practice of empirical research in economics. Beyond the theory, the course will put a substantial amount of effort in having the students work with Stata and other econometric software in analysing actual data sets, reproducing and criticising results in previous work and learning the actual practice of econometrics as undertaken by the best applied economists, both in general (in MT) and specifically within the IO field (in the LT). Topics include: (MT) Ordinary Least Squares, hypothesis testing, omitted and added variables, measurement error, the role of controls, and functional form. Panel data, fixed and random effects. Instrumental Variables. The emphasis of this part is on the identification of causal effects, and applications in microeconomics (Labour Economics, Public Policy, IO, etc) are presented throughout. In LT you will learn the applications of many of these techniques to econometric questions in Industrial Organization, organizational economics and management.
Teaching
2 hours of seminars in the Spring Term.
20 hours of seminars and 20 hours of lectures in the Winter Term.
20 hours of lectures and 18 hours of seminars in the Autumn Term.
Formative assessment
Students are required to complete answers to problem sets on a week by week basis.
Indicative reading
WT: James H. Stock and Mark W. Watson, Introduction to Econometrics; reading lists of chapters and journal articles will be supplied at the start of each term.
Assessment
Exam (65%), duration: 120 Minutes in the Spring exam period
Data analysis (35%)
Key facts
Department: Economics
Course Study Period: Autumn, Winter and Spring Term
Unit value: One unit
FHEQ Level: Level 7
CEFR Level: Null
Total students 2024/25: 32
Average class size 2024/25: 32
Controlled access 2024/25: NoCourse selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.