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Applied Economics (ECON0004)

Key information

Faculty
Faculty of Social and Historical Sciences
Teaching department
Economics
Credit value
15
Restrictions
Suitable for: Compulsory for 1st year BSc Economics (L100, L101 and L102) and 2nd year BSc SCORE / SOREL (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 ECON0019: Quantitative Economics and Econometrics. Prerequisites: Knowledge of basic statistics taught on introductory modules, such as ECON0005: Stats Methods in Economics (or STAT0021 / STAT0022 from the Statistical Science department), is assumed. It is also desirable that students should be enrolled for, or have already taken, ECON0002: Economics or equivalent. Not open to Affiliate students.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

Aims: This module is about the analysis of data within economics, and the interpretation of empirical results. More specifically the moudle aims are to:
- Provide an introduction to the application of economic theory to data
- Develop an understanding of simple and commonly used econometric techniques
- Impart an ability to understand and interpret results both statistically and economically
- Introduce you to widely used software in applied economics (STATA)

Suitable for: Compulsory for 1st year BSc Economics (L100, L101 and L102) and 2nd year BSc SCORE / SOREL (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 ECON0019: Quantitative Economics and Econometrics.

Prerequisites: Knowledge of basic statistics taught on introductory modules, such as ECON0005: Stats Methods in Economics (or STAT0021 / STAT0022 from the Statistical Science department), is assumed. It is also desirable that students should be enrolled for, or have already taken, ECON0002: Economics or equivalent.

Assumed knowledge: Students coming in to the course should have a good knowledge of introductory statistics. Students should be familiar with basic probability and calculus. Students should know consumer theory. They should understand supply and demand analysis.

Module deliveries for 2024/25 academic year

Intended teaching term: Term 2 听听听 Undergraduate (FHEQ Level 4)

Teaching and assessment

Mode of study
In Person
Methods of assessment
80% Exam
20% Group activity
Mark scheme
Numeric Marks

Other information

Number of students on module in previous year
367
Module leader
Dr Dunli Li
Who to contact for more information
economics.ug@ucl.ac.uk

Last updated

This module description was last updated on 19th August 2024.

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Important information

The catalogue has been updated with key information about the modules that will run during the 2024/25 academic session. Current and prospective students can browse through the catalogue to consider possible module choices for the coming year.

Please note,听information in the catalogue is听subject to change as teaching and assessment arrangements for 2024/25 may need to be adjusted in line with the University's Feedback and Assessment principles and operating model.

Centrally managed exam durations will be provided on students' individual exam timetables. Arrangements for locally managed timed assessments and in-class activity will be confirmed by the teaching department for the module.

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