ECON3002J Applied Econometrics

Academic Year 2023/2024

This course builds on a basic understanding of probability and statistics to introduce the topic of econometrics.
Topics covered in the course will include: regression analysis; hypothesis testing, econometric modelling, heteroscedasticity, autocorrelation, two-stage least squares and so on.
An integral part of the module are computer labs during which students solve practical exercises using data provided in advance.

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Curricular information is subject to change

Learning Outcomes:

Upon successful completion of the course, a student will be able to:
1. perform a linear regression (both theory and practice)
2. to formally test statistical hypotheses and to evaluate empirical economic research.
3. detect possible issues in the analysis
4. have an appreciation of the strength and weaknesses of econometrics and its use in the evaluation of competing economic theories and alternative policies

Indicative Module Content:

Cases & Topics (may change):

1. Are women paid less than men? (intro to statistics)
2. What is the MPC? (Simple regression)
3. House prices in Dublin (Multivariate regression)
4. Does China have constant returns to scale?
5. How do Lawyers set fees?
6. Properties of OLS
7. Problems with OLS
8. Doing an econometric project
9. Endogeneity
10. TSLS
11. Binary dependant variables (maybe)

Student Effort Hours: 
Student Effort Type Hours
Lectures

30
Computer Aided Lab

20
Autonomous Student Learning

60
Total

110
Approaches to Teaching and Learning:
Lectures and computer labs. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Additional Information:
This module is delivered overseas and is not available to students based at the UCD Belfield or UCD Blackrock campuses.


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: End of trimester exam. 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No

60
Continuous Assessment: Continuous Assessment Throughout the Trimester n/a Alternative linear conversion grade scale 40% No

40

Carry forward of passed components
No
 
Resit In Terminal Exam
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Throughout the year students will get feedback during their lab session. For all assessment(s), students will be given a detailed correction and a possibility to discuss their performance with the lecturer.

Name Role
Dr Zuzanna Studnicka Lecturer / Co-Lecturer
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 

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