School of Environment, Resources and Development, (SERD)

ED52.9004 : Selected Topic: Quantitative Analysis Using R  1(0.5-1.5)
Rationale:

With increasing needs for research evidence generated through sound quantitative analysis, it is becoming a requirement for many students to have basic understanding and practical experience with selected techniques in quantitative analysis. The objective of this course is to equip students with fundamental skills in handling useful quantitative analytical techniques, so that they can examine their research questions and hypotheses through these tools while conducting their research. In particular, the course introduces a set of basic regression models, which enable the students to implement analysis of causal relations between independent variales and a dependent variable. The course emphasizes application rather than theories, and analysis rather than data collection.

Catalog Description:

Upon successful completion of this course, students will be able to:

  •     Select and apply basic but useful and relevant analytical methods for research; and
  •     Interpret the output of the analysis in a quantitative manner, while noting the limitations
Pre-requisite(s):
  • None. It does not require any statistical training beforehand.
  • Those who already took ED52.9007 are not supposed to take this course, due to overlapping content.
Course Outline:

1.  Introduction to R
    1. Basic operations for data handling.
    2. Procedures for generating descriptive and inferential statistics.

2.  Quantitative analysis for cross-sectional data.

    1. Review of simple (two-variable) linear regression with the least squares method.
    2. Multiple linear regression with ordinary least squares (OLS): the concept of ceteris paribus.
    3. Some techniques within OLS: dummy explanatory variables, interaction terms, quadratic terms, and logarithm.
    4. Required conditions for OLS and basic ideas of estimation bias.
    5. Selected models for limited dependent variables: censored (tobit) and truncated variables, binary variables (probit, logit, LPM), categorical variables (multinomial logit).

Laboratory Sessions:

Classroom (or online) sessions involve lectures and hands-on exercise with students’ own computers. Lectures and practices go hand in hand.

 

Textbook:

1.  Stock, JH and Watson, MW (2017) Introduction to Econometrics, 3rd edition, Addison-Wesley International.
2.  Gujarati, D. (1999) Essentials of Econometrics, 2nd edition, McGraw-Hill.


References:

1.  Venables, WN, Smith DM, and the R Core Team (2017) Introduction to R: Notes on R: A Programming Environment for Data Analysis and Graphics. Manual for R version 3.4.3. R, Foundation for Statistical Computing. https://cran.r-project.org/doc/manuals/r-release/R-intro.pdf
2. Wooldridge, JM (2003) Introductory Econometrics: A Modern Approach. 2nd edition, South-Western College Publishing.
3.  Kennedy, P (1998) A Guide to Econometrics. 4th edition, Blackwell. 

Journals/Magazines/Websites:

1.  International Journal of Social Research Methodology (Taylor & Francis)
2.  The R Journal (The R Foundation)

Others:
None

Assignment:
Lecture:  10 hours
Practices with own compuers in classroom (or virtual classroom):  15 hours
Self-study:  30 hours 
Teaching Method:
Lectures and practices in the classroom (or virtual classroom). Selected quantitative techniques will be illustrated by using Open-Access R software.
Grading System:

The term paper carries 90% of the weight, while participation carries 10% of the weight. There will be no exam. Class attendance will not be taken.

Grade “A” would be awarded if a student demonstrates excellent understanding on topics covered in the course.

Grade “B” would be awarded if a student shows an overall understanding of topics covered in the course.

Grade “C” would be given if a student meets below average expectations on both understanding and application. Grade “D” would be given if a student does not meet basic expectations in analyzing or understanding issues covered in the course.

Instructor(s):
SECTION NAME
A