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This subject examines estimation and testing of microeconometric models based on cross-sectional and panel data and quantitative and limited dependent variables. Illustrative application topics normally will include labour economics, consumer demand and finance. The computer software used is Stata.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Synthesise the best practice techniques in empirical modelling when cross-section data sets are used;
- Synthesise the best practice techniques in empirical modelling when panel data sets are used;
- Critically evaluate and employ applied techniques;
- Describe and evaluate econometric theories;
- Complete a semi-independent research project;
- Generate and analyse econometric output using an econometric package such as Stata.
High level of development: written communication; statistical reasoning; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information.
Moderate level of development: problem solving; use of computer software; receptiveness to alternative ideas.
Some level of development: oral communication; accessing data and other information from a range of sources.
Last updated: 18 December 2020