Applied Economics

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Teaching language: English
EKA: B540001102
Censorship: Second examiner: None
Grading: 7-point grading scale
Offered in: Odense
Offered in: Autumn
Level: Bachelor

Course ID: B540001101
ECTS value: 10

Date of Approval: 20-04-2021


Duration: 1 semester

Course ID

B540001101

Course Title

Applied Economics

Teaching language

English

ECTS value

10

Responsible study board

Study Board of Market and Management Anthropology, Economics, Mathematics-Economics, Environmental and Resource Management

Date of Approval

20-04-2021

Course Responsible

Name Email Department
Christian Kronborg cka@sam.sdu.dk Institut for Virksomhedsledelse og Økonomi

Offered in

Odense

Level

Bachelor

Offered in

Autumn

Duration

1 semester

Recommended prerequisites

The course requires basic knowledge of econometrics, such as applying and understanding the concepts of least squares estimation, further empirical methods will be introduced in class in due course. Students also need skills in collecting and analyzing sample- and population-based data material. Basic knowledge of statistical programs such as STATA or R is useful, but an introductory course to STATA will be offered in class.

These are competences and skills achieved in the following courses: Econometrics, Introduction to Economics.
Or literature corresponding to:

  • Wooldridge, Jeffrey M., Introductory econometrics: A modern approach. Cengage Learning, 2016, 6th edition.

  • Mankiw, N.G., Principles of Economics”. Cengage Learning, 2018, 8th edition

Aim and purpose

The purpose of the course is to evaluate recent empirical work in economic history that relates to research areas of labor economics and demography. Students will learn to communicate applied economic work both orally and in writing to a wide audience of both peers and non-peers. In relation to the competence profile of the study program, the course focuses on:
  • Acquiring competence in using microdata and statistical software to replicate empirical studies discussed in class (e.g., IPUMS or HRS)
  • Providing competences within collecting, structuring and communicating highly specialized research-based material
  • Providing competences in entering into an scientific collaboration, identifying own learning requirements and structuring own learning and project writing

Content

  • Information search
  • Written and oral communication
  • Project writing
  • Topics within applied economics 

Description of outcome - Knowledge

Demonstrate knowledge about the course by being able to:

  • Apply microdata to assess problems frequently asked in applied economics, such as is there wage penalty for female labor, what determines female labor force participation, do immigrants, on average, earn less in the same occupation
  • Apply statistical methods, such as regression analysis, to selected problems
  • Assess the quality and relevance of collected material, including scientific articles and statistical material, on a scientific basis

Description of outcome - Skills

Demonstrate skills by being able to:

  • Use empirical tools to analyze a specific problem
  • Structure the compiling of material
  • Structure a project
  • Communicate – orally and in writing – applied economic research to peers and non-peers

Description of outcome - Competences

Demonstrate competences by being able to:

  • Enter into a scientific collaboration and share knowledge in a work process
  • Identify their own learning requirements
  • Structure their own project work

Literature

Examples:

The literature will consist of scientific articles related to the topics chosen – such as:

Labor Economics:

  • Abramitzky, Ran, Leah Platt Boustan, and Katherine Eriksson. "A nation of immigrants: Assimilation and economic outcomes in the age of mass migration." Journal of Political Economy122, no. 3 (2014): 467-506.
  • Clemens, Michael A., Ethan G. Lewis, and Hannah M. Postel. Immigration restrictions as active labor market policy: Evidence from the Mexican bracero exclusion. American Economic Review, 108, no. 6 (2018): pp. 1468-87.
  • Collins, William J. and Marianne H. Wanamaker. “Selection and Economic Gains in the Great Migration of African Americans: New Evidence from Linked Census Data.” American Economic Journal: Applied Economics, 6, no. 1 (2014): 220-252.

Demography:

  • Aaronson, Daniel, Fabian Lange, and Bhashkar Mazumder. "Fertility transitions along the extensive and intensive margins." American Economic Review 104, no. 11 (2014): 3701-24
  • Ager, Philipp, Casper Worm Hansen, and Peter Sandholt Jensen. "Fertility and early-life mortality: Evidence from smallpox vaccination in Sweden." Journal of the European Economic Association, 16, no 2 (2018): 487-521.
  • Bleakley, Hoyt, and Fabian Lange. "Chronic disease burden and the interaction of education, fertility, and growth." The Review of Economics and Statistics 91, no. 1 (2009): 52-65.

Teaching Method

As part of the lectures the students will work in groups to solve assignments set by the be teacher.
The students are required to make in-class presentations.

In the workshops the students will work in groups, which will give them the opportunity to discuss with each other, exchange experiences and knowledge, replicate and comment on distributed research articles which may later form part of the written assignment, cf. below.

Supervision will mainly be given in the groups. The workshops may include short presentations about the distributed research articles.

Workload

Scheduled classes: 

2x2 lectures weekly in the first half of the semester (until the autumn holiday).

1 weekly 2-hour workshop in the second half of the semester.


Workload:

The teaching activities result in an estimated distribution of the work effort of an average student as follows:

Face-to-face teaching and workshops - 44 hours
Preparation - 51 hours
Examination preparation - 175 hours
Total 270 hours.

This corresponds to an average weekly workload of 13 hours during the semester, including the exam.

Examination regulations

Exam

Name

Exam

Timing

The course is being phased-out and is taught for the last time in autumn 2021. As enrollment is binding please be advised that the University will automatically enroll you for all of the three exam offers. Students who have previously had exam attempts in this course will automatically be enrolled in their remaining exam attempts. The following exams are offered:

1st offer: January 2022

2nd offer: February 2022

3rd offer: June 2022

Tests

Home assignment and oral exam

Name

Home assignment and oral exam

Form of examination

Take-home assignment with oral defence

Censorship

Second examiner: None

Grading

7-point grading scale

Identification

Student Identification Card - Date of birth

Language

English

Duration

Written report: During the semester

Oral exam: 20 minutes without preparation.

Length

Maximum 10 pages (Referee Report max 2 pages, Empirical Assessment max 8 pages).

Examination aids

All exam aids are allowed.

Assignment handover

After the last lecture.

Assignment handin

Electronic hand-in via Digital Exam.

ECTS value

10

Additional information

Written report:

Referee Report: Students are required to write a referee report based on their presented paper in class (a list of paper will be provided by the subject director). This report requires to discuss the strength and weakness of the paper and suggestions for improvement.

Empirical Assignment: Students are required to use microdata to verify and extend the empirical analysis of the relevant literature (e.g., such as the references listed in the section literature above) discussed in class.

The assignment must be handed in before the oral examination. If the student participates in the re-exam, the written assignment must be handed in again, or a new written assignment must be made.

It must be stated how many figures and tables the written assignment contains. For details see examination website. 


Oral exam:

Individual, based on the written assignment and lectures.


Participation in both parts is necessary to receive a final grade. 

Examination form at the re-exam may be changed.

Exchange students will have the opportunity to take the oral exam online in January.

EKA

B540001102

External comment

NOTE - This course is identical with the former course 9102401 Anvendt Økonomi.
Used examination attempts in the former identical course will be transferred.
Courses that are identical with former courses that are passed according to applied rules cannot be retaken.

The course is offered for teaching for the last time in the falle semester 2021.

Courses offered

Offer period Offer type Profile Education Semester
Fall 2021 Optional BA negot Tysk, 180 ECTS, Optag 2018 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2021 Optional BA negot Engelsk, 180 ECTS, Optag 2018 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2021 Optional BA negot Tysk, 180 ECTS, Optag 2019 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2021 Optional BA negot Engelsk, 180 ECTS, Optag 2019 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2021 Optional BA negot Tysk, 180 ECTS, Optag 2020 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2021 Optional BA negot Engelsk, 180 ECTS, Optag 2020 Bachelor of Arts (BA) in Business, Language and Culture (English), Bachelor of Arts (BA) in Business, Language and Culture (German) | Odense
Fall 2021 Optional BSc.oecon (Erhvervsøkonomisk linje aktuel F20) BSc in Economics | Bachelor of Science in Economics | Odense
Fall 2021 Mandatory BSc.oecon (Samfundsøkonomisk linje aktuel F20) BSc in Economics | Bachelor of Science in Economics | Odense 5
Fall 2021 Exchange students

Teachers

Name Email Department City
Anthony Wray wray@sam.sdu.dk Econometrics and Economic History (E&EH) Odense
Keith Meyers meyersk@sam.sdu.dk Econometrics and Economic History (E&EH) Odense
Seetha Menon smr@sam.sdu.dk Institut for Virksomhedsledelse og Økonomi Odense

URL for Skemaplan