The purpose of this course is to provide students with state of the art econometric methods for empirical analysis of micro data (individuals, households, firms etc.). Issues related to specification, estimation and identification of different models with cross-section and panel data will be studied. The course has an emphasis both on the econometric techniques and their applications to different topics. Students are expected to read assigned papers and undertake numerous practical assignments using a modern econometric software package. It also aims to expose students to research methods and ethical consideration in research and publishing.
Applied Econometrics (ECON 604)
Programs\Type | Required | Core Elective | Area Elective |
Business Analytics - With Thesis | * | ||
Computer Science and Engineering - With Master's Degree | * | ||
Economics - Non Thesis | * | ||
Economics - With Bachelor's Degree | * | ||
Economics - With Master's Degree | * | ||
Economics - With Thesis | * | ||
Energy Technologies and Management-With Thesis | * | ||
Leaders for Industry Biological Sciences and Bioengineering - Non Thesis | * | ||
Leaders for Industry Industrial Engineering - Non Thesis | * | ||
Leaders for Industry Materials Science and Engineering - Non Thesis | * | ||
Leaders for Industry Mechatronics Engineering - Non Thesis | * | ||
Public Policy - With Thesis | * |
CONTENT
OBJECTIVE
Initiate the student to the methods of advanced applied research in economics.
LEARNING OUTCOMES
- On completion of the module, students should be able to a) demonstrate a knowledge of the difference between correlation and causal effects,
- b) comprehend the role of observable and unobservable factors in identification of causal parameters of interest,
- c) identify the applied methods used for identification,
- d) analyze problems associated with identification of causal parameters and suggest solutions.
PROGRAMME OUTCOMES
1. Develop and deepen the current and advanced knowledge in the field with original thought and/or research and come up with innovative definitions based on Master's degree qualifications 5
2. Conceive the interdisciplinary interaction which the field is related with ; come up with original solutions by using knowledge requiring proficiency on analysis, synthesis and assessment of new and complex ideas. 5
3. Evaluate and use new information within the field in a systematic approach. 5
4. Develop an innovative knowledge, method, design and/or practice or adapt an already known knowledge, method, design and/or practice to another field; research, conceive, design, adapt and implement an original subject. 4
5. Critical analysis, synthesis and evaluation of new and complex ideas. 5
6. Gain advanced level skills in the use of research methods in the field of study. 5
7. Contribute the progression in the field by producing an innovative idea, skill, design and/or practice or by adapting an already known idea, skill, design, and/or practice to a different field independently. 4
8. Broaden the borders of the knowledge in the field by producing or interpreting an original work or publishing at least one scientific paper in the field in national and/or international refereed journals. 3
9. Demonstrate leadership in contexts requiring innovative and interdisciplinary problem solving. 3
10. Develop new ideas and methods in the field by using high level mental processes such as creative and critical thinking, problem solving and decision making. 4
11. Investigate and improve social connections and their conducting norms and manage the actions to change them when necessary. 5
12. Defend original views when exchanging ideas in the field with professionals and communicate effectively by showing competence in the field. 5
13. Ability to communicate and discuss orally, in written and visually with peers by using a foreign language at least at a level of European Language Portfolio C1 General Level. 5
14. Contribute to the transition of the community to an information society and its sustainability process by introducing scientific, technological, social or cultural improvements. 4
15. Demonstrate functional interaction by using strategic decision making processes in solving problems encountered in the field. 4
16. Contribute to the solution finding process regarding social, scientific, cultural and ethical problems in the field and support the development of these values. 5
1. Develop the ability to use critical, analytical, and reflective thinking and reasoning 5
2. Reflect on social and ethical responsibilities in his/her professional life. 2
3. Gain experience and confidence in the dissemination of project/research outputs 5
4. Work responsibly and creatively as an individual or as a member or leader of a team and in multidisciplinary environments. 4
5. Communicate effectively by oral, written, graphical and technological means and have competency in English. 4
6. Independently reach and acquire information, and develop appreciation of the need for continuously learning and updating. 5
1. Design and model engineering systems and processes and solve engineering problems with an innovative approach. 1
2. Establish experimental setups, conduct experiments and/or simulations. 3
3. Analytically acquire and interpret data. 5
1. Develop, interpret and use statistical analyses in decision making.
1. Design and model energy systems and processes that will increase efficiency, decrease costs and reduce environmental impact.
2. Develop a basic understanding of the multidisciplinary aspect of energy area and understand the interactions between technical, economic, social and policy aspects.
3. Develop the scientific and technical fundamentals to understand and communicate the working principles of energy systems such as wind turbines, energy storage and conversion devices, electrical power systems, etc.
4. Apply scientific and engineering principles to energy systems for creating innovative solutions to world's energy related problems such as scarce resources, sustainability, energy efficiency and climate change.
5. Interact with researchers from different disciplines to exchange ideas and identify areas of research collaboration to advance the frontiers of present knowledge and technology; determine relevant solution approaches and apply them by preparing a research strategy.
6. Take part in ambitious and highly challenging research to generate value for both the industry and society.
1. Construct reasoned arguments, synthesize relevant information, and critically analyze subject material. 5
2. Read and understand articles published in academic economics journals. 5
3. Come up with research questions about economic issues. 5
4. Construct a well-organized logical argument with clearly stated assumptions and hypotheses and, if necessary, be able to test or support it with relevant data. 5
1. Construct reasoned arguments, synthesize relevant information, and critically analyze subject material. 5
2. Read and understand articles published in academic economics journals. 5
3. Come up with research questions about economic issues. 5
4. Construct a well-organized logical argument with clearly stated assumptions and hypotheses and, if necessary, be able to test or support it with relevant data. 5
1. Understand the policy-making process in the contemporary world. 5
2. Contribute to the design of public policy using a multidisciplinary perspective in specific policy areas. 5
3. Develop ability to evaluate the impact of public policy. 5
Update Date:
ASSESSMENT METHODS and CRITERIA
Percentage (%) | |
Term-Paper | 40 |
Participation | 15 |
Written Report | 30 |
Presentation | 15 |