ECN301 Econometric Methods
Credits (ECTS):10
Course responsible:Olvar Bergland
Campus / Online:Taught campus Ås
Teaching language:Engelsk
Course frequency:Annually
Nominal workload:250 hours
Teaching and exam period:This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.
About this course
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 time-series models for stationary or non-stationary processes, co-integration and error correction models, prediction and cross-validation.
Learning outcome
Knowlegde
The student
- has detailed knowledge and understanding of econometric models and their assumptions
- has knowledge about different sources for economic data
- can distinguish between different types of economic data, and has knowledge about the key different models and estimators for each data type
Skills
Student
- can access different sources for economic data,
- can combine data from different sources
- can conduct independent econometric analysis of economic data
- can choose appropriate models and estimators for each type of economic data
- can conduct tests for the appropriateness of the chosen model and estimator
- can use Python and/or R for statistical analysis of economic data
General Competence
Student
- can can critically evaluate econometric analysis with respect to choice of model, method and interpretation of results
- can communicate empirical economic analysis and results including data sources, choice of model and estimator, results and policy implications, and
- know and understand current professional and ethical standards for analysis, documentation and reporting within economics.
Learning activities
Teaching support
Prerequisites
Recommended prerequisites
Assessment method
Examiner scheme
Notes
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Admission requirements