| Unit name | Quantitative Methods 2 |
|---|---|
| Unit code | ECON20013 |
| Credit points | 20 |
| Level of study | I/5 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Dr. Mike Peacey |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
None |
| Units you must take alongside this one (co-requisite units) |
ECON20012 Quantitative Methods 1 |
| Units you may not take alongside this one |
None |
| School/department | School of Economics |
| Faculty | Faculty of Arts, Law and Social Sciences |
Why is this unit important
Economics, as a social science, relies on analysis of observed data to test and improve theoretical models, with econometrics providing the tool to build causal relationships between economic variables.
A strong understanding of causal analysis is imperative to understand the strategies used within empirical economic research and to make informed decisions for policy interventions. This unit will help you develop your own toolkit for analysing data using statistical software packages and to differentiate between mere correlations and causal relationships.
How does this unit fit into your programme of study?
This unit builds on the statistical analysis skills in Quantitative Methods 1 and will equip you with the necessary econometrics skills required for understanding economics research in your final year units, as well as enable you to apply econometrics techniques to new problems and data sets, such as in the final year project.
Overview of content
In this unit, you will build upon the topics covered in Quantitative Methods 1, and will develop your understanding of establishing causal relationships between economic variables.
In the unit, you will see how to apply topics such as
How will students, personally, be different as a result of the unit
You will develop an understanding of models of causal inference, and how they can be used to estimate relationships between economic variables.
Learning Outcomes
By the end of this unit, you will be able to:
Students will be taught through a combination of large group lectures and smaller group lab sessions, and students’ independent study.
Tasks which help you learn and prepare for summative tasks
You will be given weekly assignments to complete across a range of elements of the unit. You will gain feedback through solutions, and the opportunity to discuss your answers during office hours.
Tasks which count towards your unit mark (summative)
When assessment does not go to plan
If students fail the unit such that credit points cannot be awarded at the first attempt, they will normally be provided reassessment in the failed element(s).
The reassessment tasks will be:
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ECON20013).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the University Workload statement relating to this unit for more information.
Assessment
The assessment methods listed in this unit specification are designed to enable students to demonstrate the named learning outcomes (LOs). Where a disability prevents a student from undertaking a specific method of assessment, schools will make reasonable adjustments to support a student to demonstrate the LO by an alternative method or with additional resources.
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. For appropriate assessments, if you have self-certificated your absence, you will normally be required to complete it the next time it runs (for assessments at the end of TB1 and TB2 this is usually in the next re-assessment period).
The Board of Examiners will take into account any exceptional circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
