REC-E4900 - Applied Econometrics for Real Estate Economics D, Lecture, 15.4.2025-30.5.2025

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

After the course, students understand the difference between correlation and causation and know what to look when reading research articles that make causal claims. The students understand and are able to replicate most common econometric research designs that allow causal interpretation, using econometric software Stata or R (Stata is used teaching and demonstrations). In addition, the students are able to apply these research designs to topical research questions in Real Estate Economics.

Credits: 6

Schedule: 15.04.2025 - 30.05.2025

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Oskari Harjunen

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

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    -Causal inference

    -Regression analysis

    -Hedonic price models

    -Instrumental variables approach

    -Regression discontinuity designs

    -Difference-in-differences

    - Econometric software Stata

Assessment Methods and Criteria

  • valid for whole curriculum period:

    Exam and weekly assignments (preliminary). The assessment methods and criteria will be announced in course syllabus.

Workload

  • valid for whole curriculum period:

    160 hours (6 cr). The workload per activity type will be presented in the course syllabus.

DETAILS

Study Material

  • valid for whole curriculum period:

    To be announced in course syllabus, MyCourses and lectures.

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    11 Sustainable Cities and Communities

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language: English

    Teaching Period: 2024-2025 Spring V
    2025-2026 Spring V

    Registration:

    Registration for the course will take place on Sisu (sisu.aalto.fi). The course is offered only to students in the Master's Programme in Real Estate Economics, Master's Programme in Urban Studies and Planning (real estate specialization) and those exchange students who have been pre-admitted to the course.

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof