HomeCourse

ECN201 Econometrics

Credits (ECTS):10

Course responsible:Erlend Dancke Sandorf

Campus / Online:Taught campus Ås

Teaching language:Engelsk

Course frequency:Annually

Nominal workload:250 hours

Teaching and exam period:The course starts in Autumn parallel. The course has teaching/evaluation in Autumn parallel.

About this course

The course covers simple and multiple regression analysis. Topics include: Ordinary Least Squares (OLS), hypothesis testing, violations of the OLS assumptions, Generalized Least Squares (GLS), dummy independent variables. The econometric program R is used in computer exercises.

Learning outcome

Knowledge

The student should know:

  • Basic concepts in econometrics
  • Regression analysis of economic data
  • The assumptions of the classical linear regression model and consequences of violating these assumptions
  • Hypothesis testing by using t- and F-tests
  • Testing and correcting for misspecification in the single equation context
  • How to use of R in regression analysis

Skills

The student should be able to:

  • Do basic econometric calculations by using a calculator
  • Read, interpret and critically evaluate reports and articles that use regression analysis

General competence

The student should be able to:

  • Identify problems and formulate researchable questions in applied economics
  • Learning activities
    Teaching on campus without streaming. The course consists of lectures and independent studies in the form of reading the textbook, solving problem sets, and doing PC exercises.
  • Teaching support
    Lectures and seminars
  • Prerequisites
    Introductory mathematics such as MATH100 Introductory Mathematics or ECN102 Introduction to Mathematics for Economists, statistics such as STAT100 Statistics, and microeconomics such as ECN210 Intermediate Microeconomics: Consumers, Producers, Market and Welfare.
  • Recommended prerequisites
    Basic knowledge about macroeconomics, for example, ECN120 Macroeconomics I - Markets, Economic Development and Welfare
  • Assessment method
    Final written exam (3,5 hours) that accounts for 100% of the grade. Grading A-F.

    School exam Grading: Letter grades Permitted aids: B1 Calculator handed out, no other aids
  • Examiner scheme
    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.
  • Mandatory activity
    Seven problem sets must be approved before taking the final examination. The problem sets is valid until the next time the course is given and the ensuing continuation exam
  • Notes
    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.
  • Teaching hours
    250 hours. About 28 hours of lectures and 20 hours of exercises. The rest is unstructured time allocated to independent studies such as reading and working independently on ten problem sets.
  • Reduction of credits
    The course partly overlaps with ECN202 Introduction to Econometrics and STAT200 Regression Analysis. There is reduction in credits for ECN202 (5 ECTS) and STAT200 (5 ECTS).
  • Admission requirements
    Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).