Newcastle University

Aims

To develop skills and experience in applied econometric techniques.
To introduce econometric methods for the analysis of panel and cross-sectional data.
To enable students to produce a good quality research project.
To build the link between theory and practice.

Original Summary:
The module provides students with an applied econometric foundation necessary in order to produce a high-standard of Masters dissertation. Lectures will build on the foundations provided in the semester one econometrics course using academic journals to both demonstrate real-world applications of econometrics, and to give a platform from which the seminars can build. These seminars will provide practical experience in applying econometric methods, cementing the student’s understanding of when and where various techniques should be applied. Furthermore, seminars will also provide practical experience of finding data.

Outline Of Syllabus

1.       Understanding a journal article.
2.       Obtaining data.
3.       The importance of descriptive statistics.
4.       Dealing with data dependency and heteroskedasticity
5.       Panel and cross-sectional data econometric techniques.
6.       Correctly using and interpreting the output of Stata 7.0 and PCGive.

Teaching Rationale And Relationship

Seminars will be practically based, involving the use of econometric software packages.

Assessment Rationale And Relationship

The assessment methods will encourage students to learn from each other, and build practical skills in skills required in order to produce a high standard Masters dissertation.