Module manager: Dr Clemens Hetschko
Email: c.hetschko@leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2025/26
| LUBS5134M | Econometrics |
This module is not approved as an Elective
This module familiarises students with the economics of wellbeing and provides a training in applied data analyses. In the lectures, we will answer the question why measuring individual and societal welfare has become an urgent topic in economics. Then, the concepts and methods of wellbeing research will be introduced. On this basis, we will discuss applications of wellbeing research in economics, such as welfare measurement beyond GDP, labour market policy and cost-benefit analysis of environmental goods. In the course of the computer practicals, students will learn to conduct their own empirical wellbeing research project by replicating some of the major papers in wellbeing research. These replication studies provide students with hands-on experience of cutting-edge data analysis and allow them to develop a deeper understanding of the scientific process, including research ethics.
This module aims to:
- Introduce students to key concepts and methods in the economics of wellbeing.
- Enable students to develop and demonstrate an advanced knowledge of conceptual and empirical issues in the economics of wellbeing.
- Critically apply the key conceptual and empirical issues to independently explore current issues in the economics of wellbeing.
- Analyse wellbeing data to replicate a published paper.
On completion of this module, students will be able to:
- Analyse, synthesise and evaluate the key conceptual and empirical issues in the
economics of wellbeing.
- Conduct independent wellbeing research.
- Critically evaluate the ethical implications and the requirements for transparency and reproducibility across the phases of quantitative research.
Use of statistical software package, working with survey data, replication.
Indicative content includes:
-Why economists study happiness
-Concepts and methods of research in the economics of wellbeing
-Measurement of welfare beyond GDP
-The relationship between income and welfare
-Exploring The true cost of unemployment
-Welfare and Labour market policy and wellbeing
-Cost-benefit analysis of environmental goods using wellbeing data
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Workshop | 8 | 2 | 16 |
| Lecture | 10 | 2 | 20 |
| Private study hours | 114 | ||
| Total Contact hours | 36 | ||
| Total hours (100hr per 10 credits) | 150 | ||
This could include a variety of activities, such as reading, watching videos, question practice and working on your individual research project.
Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.
| Assessment type | Notes | % of formal assessment |
|---|---|---|
| Report | 3,000 word report on STATA-based project | 100 |
| Total percentage (Assessment Coursework) | 100 | |
The resit for the module is 100% by 3,000 word report.
Check the module area in Minerva for your reading list
Last updated: 18/12/2025
Errors, omissions, failed links etc should be notified to the Catalogue Team