Course code ECN201

ECN201 Econometrics

English course information

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Viser emneinfo for studieåret 2016 - 2017.

Emneansvarlige: Kyrre Rickertsen, Daniel Muluwork Atsbeha
Studiepoeng: 10
Ansvarlig fakultet: Handelshøyskolen
Frekvens: Annually
Undervises på språk: EN
(NO=norsk, EN=Engelsk)
Undervises i periode:
This course has teaching/evaluation in Autumn parallel.
Første gang: Studieår 2006-2007
Fortrinnsrett: B-ECON and M-ECON.
Undervises hvor?:
Emnets innhold:
The lectures in ECN201 cover two- and multiple-variable regression analysis, Ordinary Least Squares (OLS), hypothesis testing, violations of OLS assumptions, Generalized Least Squares (GLS), dummy independent variables, and the use of the econometric program Stata. In addition, there are problem sets, computer exercises, and a term paper.
ECN201 gives an introduction to econometric methods. The focus is on applied and not theoretical econometrics. There are two specific goals. First, the course aims at giving the students practice in reading and understanding empirical works in economics and other social sciences. That includes knowledge of ordinary least squares (OLS) and its assumptions, the consequences of violating these assumptions, and how to detect and correct misspecification in econometric models. Second, the students will do their own econometric analysis, which includes formulating the problem to be investigated, developing an econometric model based on economic theory, obtaining the required data, estimating the econometric model, testing and correcting for misspecification in the estimated model, describing the empirical findings, and discussing their relevance for the investigated problem. The second specific goal also includes learning to use the econometric program Stata.
The course consists of lectures and independent studies in the form of reading the textbook, solving problem sets, doing PC exercises, and writing a term paper. The students are encouraged to work in groups, however, a maximum of two students can write one term paper. It is important to get started with all the activities early in the semester.
The lecturer will have office hours each week.

Demodar N. Gujarati and Dawn C. Porter (2009). Basic Econometrics, fifth edition, McGraw-Hill. The textbook used in the course may be changed.

Students need to purchase a personal license for Stata for their own PC. The license has to be purchased from StataNordic,

For this course, the Small Stata Six-months 13, Student Only version is sufficient.

Forutsatte forkunnskaper:
Mathematics (MATH100), statistics (STAT100), and microeconomics (ECN210).
Anbefalte forkunnskaper:
Macroeconomics and courses in applied economics.
60% of the final grade will be based upon a 3,5 hour written examination. This is also the case for any retake exam. 40% of the final grade will be based on the term paper, also for any retake exam. Students must have a passing grade (A-E) on both the term paper and the written examination to get a passing grade in this subject. A term paper and its grade is valid the year the term paper is written and the next year.
The course is graded by an internal examiner. External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
ECN202 is a basic version of ECN201. However, ECN202 does not use the computer program Stata and does not include a term paper. A different textbook is also used in ECN202. 
Normert arbeidsmengde:
300 hours
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
The course partly overlaps with ECN202 and STAT200. There is reduction in credits for ECN202 (5 credits) and STAT200 (5 credits).
The expected total workload of this course is 300 hours. About 250 hours are unstructured time. About 150 hours must be allocated to independent studies (such as reading, doing problem sets, etc) and about 100 hours to the term paper.
Hjelpemidler ved skriftlig eksamen(er): Utdelt kalkulator. Ingen andre hjelpem.
Eksamensdetaljer: Langsgående vurdering: A - E / Ikke bestått