ECON1002 - Applied Economics

Term 2



Aims:

  • To provide an introduction to the application of economic theory to data;
  • To develop an understanding of simple and commonly used econometric techniques;
  • To impart an ability to understand and interpret results both statistically and economically.

Objectives:

At the end of the course, students should:

  • Understand the formulation of simple economic models in a way that allows application to empirical data.
  • Understand the statistical theory behind linear regression techniques.
  • Be able to interpret regression output from simple econometric packages and understand the relevance to related economic problem.
Taught by:
Sarah Cattan
Assessment: 10 2-hour lectures, 5 demonstration classes and 5 compulsory tutorial classes with accompanying exercises. 2-hour unseen written examination in Term 3.
Suitable for:
  • Compulsory for 1st year BSc Economics (L100) and 2nd year SCORE / SOREL BSc (GLN0 / GLR0) students.
  • Optional for 1st year BSc Economics and Statistics (LG13) and BA Philosophy and Economics (VL51) students and 2nd year BSc Economics and Geography (LL17) students considering taking ECON 2007.
Prerequisites: Knowledge of basic statistics taught on introductory modules, such as STAT6202, is assumed. It is also desirable that students should be enrolled for, or have already taken, ECON1001 or equivalent.
Moodle page:
ECON1002