The course consists of 60% lectures and 40% practicals (approximately). Additionally, there is one hour of weekly tutorials. Students can attend departmental seminars of their choice as part of their training.
During the lectures, each of the 8 course topics is discussed, motivated by practical cases using real data. In the practical classes, which are conducted after each topic has been discussed, problem sets are solved. It is expected that students have attempted the exercises before each class, and student participation is desirable to address any unclear aspects during the classes. During the tutorials, students can clarify their doubts or any other topic related to the subject, either individually or in groups.
At the end of some lectures or practical classes, quizzes lasting no longer than 10 minutes will be conducted to gauge the level of subject comprehension. These quizzes are evaluative and contribute to the ongoing assessment.
Many problems in the practical classes require the use of a personal computer with specialized software. In class, we will be using GRETL, which is freely accessible, but students can also use any of the following: Eviews, STATA, or R. Students are required to bring their personal computers to all classes, with GRETL loaded, along with any other software they find useful. All mentioned software packages can be found on Aula Virtual (https://aulavirtual.uc3m.es/uds/page/services).