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Module Title LM Econometrics with Development Applications
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 18216
Module Lead Nicholas Horsewood
Level Masters Level
Credits 30
Semester Full Term
Restrictions Compulsory for MSc Development Economics

This module will provide students with an understanding of modern advanced econometric procedures, with emphasis placed on interpreting econometric results and critically evaluating the techniques employed.  In the first semester there will be a technical review of the classical linear model, examining the implications when the key assumptions are violated.  This will be followed by a general survey of the main techniques in the applied literature.  Both computer and econometric classes will be support the lectures, providing utilise these for specific practical problems.

In the second semester, the module will provide an in-depth examination of the applied econometrics literature, focusing on the recent developments.  The lectures will include examples of econometric modelling using non-stationary data and panel estimation. The second part examines the econometrics underlying development economics, with a focus on analysing microeconomic surveys.

Learning Outcomes

By the end of the module the student should be able to:

  • demonstrate a comprehensive knowledge and understanding of traditional econometrics;
  • identify and critically appraise recent developments in advanced econometrics techniques and their application;
  • synthesise econometric studies in the empirical literature and critically analyse the results and approaches adopted.
Assessment 18216-01 : Multiple Choice Test : Class Test (20%)
18216-02 : Exam : Exam (Centrally Timetabled) - Written Unseen (60%)
18216-03 : Computer Exercises : Coursework (20%)
Assessment Methods & Exceptions One 3hr written exam (60%); One 1hr multiple choice test (20%); Computer exercises (20%) Reassessment: 3 hr examination (100%)
Reading List Harris, R I D. 1995. Using Cointegration Analysis in Econometric Modelling. Harvester Wheatsheaf.
Harvey, A C. 1993. Time Series Models. 2nd ed. Harvester Wheatsheaf.
Mankiw N G, Romer D & Weil D. 'A Contribution to the Empirics of Economic Growth'. Quarterly Journal of Economics.
Maddala, G S. 1992. Introduction to Econometrics. 2nd ed. Macmillan.
Young, A. 'The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience.' Quarterly Journal of Economics.
Hendry, D F. 1995. Dynamic Econometrics. OUP.