Accessibility statement

Applied Quantitative Research Methods - ECO00075M

« Back to module search

  • Department: Economics and Related Studies
  • Module co-ordinator: Prof. Cheti Nicoletti
  • Credit value: 10 credits
  • Credit level: M
  • Academic year of delivery: 2021-22
    • See module specification for other years: 2022-23

Module summary

The module provides an introduction to a range of statistical techniques commonly used in quantitative analysis. Special attention is given to the ideas behind the statistical methods, how to apply them using real world examples and how to interpret the estimation and test results.

Module will run

Occurrence Teaching period
A Spring Term 2021-22
B Summer Term 2021-22

Module aims

The module provides an introduction to a range of statistical techniques commonly used in quantitative analysis. Special attention is given to the ideas behind the statistical methods, how to apply them using real world examples and how to interpret the estimation and test results.

Module learning outcomes

On completing the module a student will be able to:

  • estimate regression models, use specification tests, choose between different models and interpret results;
  • define the concept of heteroscedasticity, multicollinearity, autocorrelation, omitted variables, measurement error, endogeneity, dummy variables, instrumental variables techniques, binary choice models;
  • apply these quantitative methods to empirical applications such as the estimation of low birth weight, level of education, pollution levels, wage equations, house prices, intergenerational mobility;
  • use a statistical computer package Stata to estimate regression models and test the validity of model’s assumptions.

Module content

The module starts with ordinary least squares procedures for the linear regression model. The basic techniques of regression analysis are studied, then we will examine a number of possible problems with the basic regression model and discuss how to cope with these problems. A set of empirical applications will be discussed and the statistical software Stata will be used to estimate regression models, test hypothesis and choose between different models. Specific topics covered include: the OLS estimation for multiple regression models, dummy variables, specification tests, instrumental variable estimation, heteroskedasticity, omitted variable, measurement error issues, time series data models, autocorrelation, endogeneity issues, maximum likelihood estimation method and binary choice models.

Assessment

Task Length % of module mark
Online Exam - 24 hrs (Centrally scheduled)
Applied Quantitative Research Methods		 N/A 100

Special assessment rules

None

Reassessment

Task Length % of module mark
Online Exam - 24 hrs (Centrally scheduled)
Applied Quantitative Research Methods		 N/A 100

Module feedback

Feedback will be given in the form of a mark for the exam by week 10 of the Summer term. They will also receive a cohort feedback report following the mark release and will have the opportunity to view their exam script, markers comments, paper and solutions in supervised script viewing sessions.

Indicative reading

Dougherty, C., Introduction to Econometrics, Oxford University Press, 4th Edition, 2011

Cameron, A.C., and P.K. Trivedi, Microeconometrics Using Stata, Stata Press, First or Revised Edition, 2010


The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.