This first task has been chosen as it helps students in preparing a written report based on econometrics estimation, so to achieve competence writing and econometric reporting skills.
This task asks a student to import an economic data set provided during the lectures, motivate the relevant research question one wants to asses, set-up the appropriate econometric models and test the relevant set of hypotheses to address the chosen research question. The task is concluded with a post-estimation discussion of the results and the relevant conclusions.
This tasks addresses:
a. Learning Outcome 1- Knowledge and Understanding- to Demonstrate knowledge of the key concepts in econometrics necessary to Perform practical econometric projects;
b. Learning Outcome 2: -Intellectual, practical, affective and transferable skills- to Use appropriate software to undertake basic econometric techniques and interpret the results; and
c. Learning Outcome 3-Intellectual, practical, affective and transferable skills to Plan, execute and write up a practical econometric project.
Guidance Resources:
Textbook, Videos of the Lectures and Slides on Canvas
Assessment Marking Criteria / Scheme:
1. Introduction
Clear explanation of the background of the econometric study and the purpose and structure of the report. 30%
2
Estimation
The ability to handle the data proficiently showing your estimation process and econometric data analysis. 40 %
3
Discussion of the results and Conclusions 30%
Interpretation of the econometric results including an exploration of the implications for the relevant economic policies.
Conclusions linked to the results that are sound for policy makers
