EC966-7-AU-CO:
Estimation and Inference in Econometrics
2023/24
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 05 October 2023
Friday 15 December 2023
20
05 September 2023
Requisites for this module
(none)
(none)
(none)
(none)
(none)
MSC L11024 Applied Economics and Data Analysis,
MRESL100KE Economics,
MSC L10112 Economics and Econometrics,
MSC L101EB Economics and Econometrics,
MSC L101EK Economics and Econometrics,
MSC L101KE Economics and Econometrics,
MSC L101UH Economics and Econometrics,
MSC L11412 Financial Econometrics,
MSC L10212 Financial Economics and Econometrics
This module begins with a brief review of the mathematical and statistical prerequisites needed for econometrics illustrated using ordinary least squares methods in the classical linear regression model.
The module then proceeds to cover the use of asymptotic methods in econometrics, classical hypothesis tests, generalized least squares, instrumental variables and the generalized method of moments, and maximum likelihood.
The aims of this module are:
- To provide students necessary technical fundamentals in econometrics that would be important for their research in the future.
- To learn about OLS, WLS, GLS, GMM, and MLE estimation techniques and the rigorous properties of those estimators by using linear algebra.
By the end of this module, students will be expected to be able to:
- Possess a thorough understanding of the principles of estimation and inference in econometrics.
- To be able to justify, or criticise where appropriate, the use of particular econometric methods of estimation and inference in a variety of situations.
- To demonstrate their problem-solving, analytical, and deductive skills.
Skills for your Professional Life (Transferable Skills)
By the end of this module, students will be expected to gain the following employability skills:
- Academic skills: Literacy, numeracy, problem-solving and ICT skills.
- Professional working skills: adaptability, flexibility, decision-making.
- External awareness: economic and business environment and policy.
- Personal development planning: Time management, self management, reflection and evaluation.
Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.
This module will be delivered via:
- One 2-hour lecture per week.
- One 1-hour class per week.
The above list is indicative of the essential reading for the course.
The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students.
Further reading can be obtained from this module's
reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Mid-Term Test - In Person |
|
50% |
| Coursework |
Take home assignment |
|
50% |
| Exam |
Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
|
| Exam |
Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Miss Ashley Burdett, email: aburde@essex.ac.uk.
Lectures & Classes: Miss Ashley Burdett
For further information, send an email message to pgteco@essex.ac.uk.
Yes
No
No
Miss Maria Kyriacou
Available via Moodle
Of 34 hours, 29 (85.3%) hours available to students:
3 hours not recorded due to service coverage or fault;
2 hours not recorded due to opt-out by lecturer(s), module, or event type.
Economics
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