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School of Economics
Unit: EFIMM0127 Applied Financial Econometrics
Assessment’s Contribution to Unit: 50%
Release Date: 03/03/2022
Submission Date: 05/05/2022

Students are strongly advised to submit their work ahead of the deadline. Should you have a problem with submission
to Blackboard you should email econ-pgt@bristol.ac.uk for guidance immediately.

• Assessments not received by the deadline, without a pre-arranged extension, will be treated as non-submissions
and will not be marked, unless a University system problem has occurred that has disrupted the assessment and
the deadline is amended.
• You must type the verbal part of your answers. Please use Arial or Calibri font at 12-point.
• Your assignment should be combined into a single document and submitted in pdf format with a document
name containing your student number.
• You may include photographs or scans of your own hand-drawn, labelled diagrams or calculations.
• Your answer will be assessed using the University Marking Criteria.
• In particular, you must always show your work when deriving results. Moreover, lack of precision or unclear
arguments will be penalized.

This is a piece of COURSEWORK that contributes to your Unit mark, and you can:
• Use resources to support you in completing your answer.
• Draw upon a range of accepted resources including, your own notes, lecture slides/recordings, course material,
and textbooks. ALL work should be written in your own words.

Please remember this is a formal assessment and you should behave in a manner consistent with our values. This means
you cannot:
• Allow others to directly contribute to your written answer by revising or adding to the academic content. This is
collusion and is against University Regulations.
• Share your assessment with others or ask others to share their work with you.
• Copy and paste any material (text, images, coding, calculations) from other sources, including teaching material
and shared revision notes directly into your answer without appropriate acknowledgement. This is plagiarism
and is against University Regulations. There is advice about referencing from the University Library.
• Pay another person or company to complete the assessment for you. This is contract cheating and is against
University Regulations.

















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EFIMM0127 Summative Coursework

Stock markets and the Economy

In this coursework, we would like you to prepare an empirical analysis on the relationships between
stock markets and the economy. You can choose any stock price index(es), and/or any economic
variable(s) that you think is relevant, to apply your understanding of the time series concepts covered
in the unit.

Data: You can use the data provided in the Data Bank of the unit, that you have been working on for
the problem sets. To personalize your data, select a subsample of your choice (not a random sample)
to work on for your assignment. You can do it either in the csv file, or in Stata or R.

In your Stata do file or the R script file, name one variable with your initials, for example, my variable
would be named as ‘RK’ for Rabeya Khatoon (you should define your variables in your writeup
appropriately).

Your analysis should include:

1. A brief discussion of the topic and why you think it is important
2. A discussion of basic time series properties of each of the variables you use
3. A discussion of the appropriate methodology and its justification (you are not supposed to lay
down the methodology including derivations, a simple discussion including proper justification
is what is needed)
4. The empirical estimation results presented in tables and graphs as relevant and an
interpretation/discussion of the findings
5. A brief conclusion including limitations of your analysis and way forward
6. An appendix including the codes from the statistical software that you use (Stata or R)






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Plagiarism
In academic writing, plagiarism is the inclusion of any idea or any language from someone else without giving due credit
by citing and referencing that source in your work. This applies if the source is print or electronic, published or
unpublished, another student’s work, or any other person.
The University's Examination Regulations state that “Any thesis, dissertation, essay, or other course work must be the
student’s own work and must not contain plagiarised material. Any instance of plagiarism in such coursework will be
treated as an offence under these regulations.” (Section 3.1).
The Examination Regulations give information on the University's procedures for dealing with cases of plagiarism in
undergraduate programmes (Section 4)
More information about plagiarism, and how to avoid it is available from the Library website.


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University marking criteria (postgraduate)

Fail (<50%) Pass (50%-59%) (60%-69%) (70%+)
Attainment of Learning
Outcomes
An inadequate level of knowledge
and understanding of the basic
concepts addressed by the
question.

A reasonable knowledge and
understanding of the topic, although
more basic than at merit level, and at
least of essential reading and
material covered in lectures.
A good knowledge and understanding of the
topic with clear indication of some reading
beyond essential recommendations or
material covered in lectures. A ‘good’
knowledge implies largely an absence of
outright mistakes with clear evidence that
you have understood the material and are
not merely repeating it.
An authoritative knowledge and
understanding of the topic gained
from wide-ranging reading that
goes beyond essential
recommendations or material
covered in lectures.
Application of Methods Able to use a proportion of the
basic methods and techniques
taught.
Able to use most of the methods and
techniques taught.
Able to use well a range of methods and
techniques to come to conclusions.
Mastery of a wide range of
methods and techniques.
Analysis,
Comprehension and
Synthesis
Inappropriate or irrelevant
selection of content.

An ability to use relevant material
which is directed to the question.

An ability to use relevant material which is
directed to the question.
An ability to manipulate material
intelligently and to direct it to the
question set.

Technical Mastery Limited technical competence with
major shortcomings in significant
areas of the subject.

Some technical competence but with
shortcomings in significant areas of
the subject.

A good general level of technical
competence perhaps with some
shortcomings.
A high level of technical
competence with very few
mistakes of any kind.

Evaluation/Critical
Analysis
Little evidence of a critical
perspective or of analysis so that
the whole remains largely
descriptive.

Some evidence of the ability to
engage critically with content,
although not fully developed.

A good ability to evaluate critically relevant
theory and research.
A well-developed ability to engage
critically with that material.
Quality of presentation Poor presentation Adequate presentation Very good presentation Excellent presentation

Note: Because the marking criteria consider a number of dimensions, it is unlikely that a single piece of work fits nicely into all of the descriptions above. For example, a piece of work
may have excellent presentation, but due to significant errors, and major deficiencies, the piece of work may still be awarded a fail mark.