Course code ECN301

ECN301 Econometric Methods

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Showing course contents for the educational year starting in 2019 .

Course responsible: Olvar Bergland
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Limits of class size:
-
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: 2007H
Preferential right:
-
Course contents:
This course focuses on modern econometric methods for the utilization of and analysis using economic data - both cross-sectional and time-series data. The following topics are covered: estimation and testing of linear regression models with stochastic and possibly endogenous regressors, panel data models, models with limited dependent variables, models of sample selection and program evaluation, and time-series models for stationary or non-stationary processes, co-integration and error correction models, prediction and cross-validation.
Learning outcome:
The successful student should be able to conduct independent econometric analysis of economic data, and to critically evaluate econometric analysis with respect to choice of model, method and interpretation of results. The analysis should be performed using a computer and appropriate software. The econometric analysis should be in accordance with current standards for scientific documentation within economics.
Learning activities:
The course consists of lectures, computer laboratory time, independent exercises and self-study.
Teaching support:
Open office 2 hours/week.
Syllabus:
J.M. Wooldridge (2020): 'Introduction to Econometrics, Seventh edition. Selected chapters. Handouts. (This is may change).
Prerequisites:
ECN201 Econometrics (or regression analysis), STAT100 Statistics, ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare, and linear algebra at the level of ECN302 Mathematics for Economists.
Recommended prerequisites:
Mandatory activity:
Compulsory exercises and project work involving econometric analysis using computers. Compulsory exercises and project work are valid for 2 years.
Assessment:
Final examination, 3,5 hours (100%)
Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Reduction of credits:
ECN300 - 5 ECTS
Type of course:
Class lectures: 44 hours. Laboratory work: 20 hours.
Note:
The course is in English. Incoming students can contact student advisors at the School of Economics and Business (studieveileder-hh@nmbu.no) for admission to the course. 
Examiner:
An external examiner is used to evaluate course content, exam questions and grading guidelines.
Allowed examination aids: B2 Calculator handed out, other aids as specified
Examination details: One written exam: A - E / Ikke bestått