- Department: Economics and Related Studies
- Module co-ordinator: Dr. Dominic Spengler
- Credit value: 20 credits
- Credit level: M
- Academic year of delivery: 2023-24
To equip students with intermediate level knowledge of the core techniques employed in applied econometric analysis so that they are able to follow the techniques and arguments used in a range of empirical papers in Economics and Finance
Occurrence | Teaching cycle |
---|---|
A | Semester 1 2023-24 |
On completing the module a student will be able to:
Read and understand more of the econometric evidence published in academic journals and books. Understanding is extended beyond the second year Econometrics module by covering new topics such as: instrumental variable methods; binary choice models; forecasting using stationary ARMA models and evaluating forecast performance; nonstationary time series variables in regression; integration and cointegration (which are very important in modern applied macroeconomics), volatility modeling using GARCH models and panel data (in which there are both cross-section and time series dimensions);
Use standard econometric software (seminar work will involve the use of popular econometrics packages)
Interpret correctly the results of empirical statistical analysis as performed using contemporary econometric software.
Communicate, and make recommendations based on, these results in written format.
Part 1:
Consumer theory
Producer theory
Supply and demand
Market failures (monopoly, oligopoly, public goods, externalities)
Topics in microeconomic theory (e.g. monopsony, labour supply, etc)
Part 2:
Introduction & Strategic Form Games
Extensive Form Games
Imperfect Information Games
Incomplete Information Games
Adverse Selection: Signalling
Adverse Selection: Screening
Moral Hazard: Principal-Agent Models
Task | Length | % of module mark |
---|---|---|
Essay/coursework Applied Microeconomics |
N/A | 25 |
Online Exam -less than 24hrs (Centrally scheduled) Applied Microeconomics |
2 hours | 75 |
None
Task | Length | % of module mark |
---|---|---|
Online Exam -less than 24hrs (Centrally scheduled) Applied Microeconomics |
N/A | 75 |
Feedback will be provided in line with University policy
Varian, H. Microeconomic analysis.
Gibbons, A Primer in Game Theory, Prentice Hall, 1992
Gravelle and Rees, Microeconomics, Pearson, 2004.