ECOM114 Applied Econometrics (Applied Micro) 2019-2020
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2019-2020: MODULE DESCRIPTION
Applied Econometrics (Applied Micro)
ECOM114
1. Module rationale
This module will provide MSc students with a broad understanding of the main challenges micro- econometricians face in their empirical work and of the most up-to-date methods and approaches they could use to address these identification threats. This course will allow students to learn about econometrics tools to be used in their dissertations and in their future work. It will also provide an excellent learning opportunity for MSc students who are interested in working in applied economic consultancy, public policy, the government and those wishing to continue to doctoral studies with a focus on empirical work.
2. Module aims
The purpose of this module is to introduce students to advanced topics and methods in empirical microeconometrics. Students who complete the module will be able to recognize the challenges posed by both the data and the empirical relationships they intend to study and to think creatively about the most appropriate methods and approaches they can adopt. Students will be equipped with the skills needed to read published research and write a dissertation in this area. By the end of the course, students will have also gained valuable experience in handling real data, in producing meaningful estimates and in interpreting and discussing their own results.
3. Content Description
This module will analyse the main challenges faced by economists in answering empirical questions using micro-data. The main emphasis will be on learning how to establish causal relationships between different variables and how to use this evidence to inform policy makers' decisions. The course will also teach how to deal with features and limitations of the data (longitudinal data, limited dependent variables, censoring, etc.) that are common in empirical work. After introducing each methods and discussing its statistical properties, we will present applications in different areas of public policy evaluation. In addition, students will learn how to handle real-world data, how to use econometric software to generate estimates and how to link econometric theory with data work and produce an insightful and coherent empirical analysis.
2022-05-05