Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

Students are acquainted with the principles of empirical methods in economics, regression analysis in particular. They know how to utilize those methods in analyzing data. They know how to use the econometrics software package stata.

Credits: 6

Schedule: 12.01.2021 - 25.02.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Otto Toivanen

Teacher in charge (applies in this implementation): Otto Toivanen

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    Short recap of probability and statistics; basics of cross-section linear regression; hypothesis testing; evaluation of the reliability of regression results; instrumental variable regression.

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    Exam, exercises

Workload
  • Valid 01.08.2020-31.07.2022:

    Lectures, exercises and preparation

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    James H Stock and Mark Watson (2011) Introduction to Econometrics: International Edition.

Substitutes for Courses
  • Valid 01.08.2020-31.07.2022:

    Korvaa suomenkielisen kurssin Capstone: Ekonometria ja data-analyysi (31C99904).

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    Principles of Economics (31A00110, ECON-A2100, or equivalent) and Introduction to Statistics (30A02000/MS-A0503) or equivalent.

SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth