Year of entry: 2024
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Course unit details:
Applied Development Economics Project (ADEP)
|Unit level||FHEQ level 7 – master's degree or fourth year of an integrated master's degree|
|Teaching period(s)||Semester 2|
|Available as a free choice unit?||Yes|
Aims: To provide students with practical experience of applied development research.
|Unit title||Unit code||Requirement type||Description|
|Introduction to Econometrics||ECON60611||Pre-Requisite||Compulsory|
To provide students with practical experience of applied development research.
Background: It is assumed that the students have the necessary background as far as the execution of the estimation stage is concerned, based on the QM courses they have taken in the first semester. However, supporting lectures will be given on aspects of estimation and the interpretation of results. In addition, the tutorials will cover the use of the STATA estimation package.
ADEP Supporting Lectures: A set of supporting lectures will be delivered in the first half of the semester.
The following topics will be covered:
Lecture 1 On Preparing the ADEP and examples of projects: Providing a set of guidelines on how to carry out applied work. Outlining the way of carrying out the projects and of testing hypothesis. (YZ)
Lecture 2 Highlighting data problems relevant to developing countries and ways of tackling them & Examples of Projects (YZ)
Lecture 3 Review of Ordinary Least Squares (OLS) and Specification Tests using STATA (KI)
Lecture 4 Selected Topics on Cross-Sectional Econometrics (Instrumental Variable) and an Introduction to Static Panel Data Models (KI)
Lecture 5 Panel-Data Models (An application of Static Panel Models and An introduct
Teaching and learning methods
Lectures and Tutorials
|Written assignment (inc essay)||10%|
There is no reading list for this course. However, the following text is the most useful in terms of approach, background and data. It will be the basis of several examples used in lectures and tutorials:
Måns Söderbom, Francis Teal, Markus Eberhardt, Simon Quinn, Andrew Zeitlin (2014), Empirical Development Economics, Routledge.
Mukherjee, C., While, H. and Wuyts, M. (1998) Econometrics and Data Analysis for Developing Countries, Routledge, London and New York.
Other useful references
Wooldridge, M, (2006) Introductory Econometrics: A Modern Approach, Third Edition, Thomson South-Western Publishing
Greene, W. (2006) Econometric Analysis: 5th Edition Prentice Hall.
Baltagi, B. (2013). Econometric analysis of panel data. 5th Edition, John Wiley & Sons.
Angrist, J. D.; Pischke, J. S. (2008). Mostly harmless econometrics: An empiricist's companion. Princeton University Press.
Angrist, J.D. and Pischke, J.S. (2014). Mastering'metrics: The path from cause to effect. Princeton University Press.
Gujarati, D. (2003) Basic Econometrics, McGraw-Hill Education
|Scheduled activity hours|
|Independent study hours|
|Yin-Fang Zhang||Unit coordinator|
|Katsushi Imai||Unit coordinator|