LOJB10283U  Econometrics1

Volume 2014/2015
Content

The course focuses on data analysis by using the linear regression model. Emphasis will be put on the theoretical background for using the linear regression model, understanding the nature of the data used as well as intuitive understanding of regression analysis. Focus is in particular based on interpretation of the parameters of the regression model and what to do when the assumptions behind the model is not fulfilled.

The course is applied ias focus is on applying the regression model to concrete economic problems.

Learning Outcome

The purpose of this course is to give students an insight into how to apply statistical methods and models to a relevant topic in economics working with economic data.

After completing the course the student should be able to:

Knowledge:
- explain the basic econometrics concepts in relation to the linear regression model

Skills:
- Apply data to analyse specific economic problems
- perform estimations and hypothesis test of parameters in linear regression models

Competences:
- do basic econometric analyses
- interpret the results from basic econometric analyses and make relevant conclusion based upon these

Jeffrey M. Wooldridge. Introductory Econometrics: A Modern Approach, South-Western

Students should have followed courses in introductory statistics, mathematic and introductory economics. Note, No credit points if you have passed LOJB10242 Tema: Anvendt Økonomisk Analyse
The course will consist of a mix of lectures and theoretical and empirical exercises.
No credit points with LOJB10242 Tema: Anvendt Økonomisk Analyse
Credit
7,5 ECTS
Type of assessment
Written examination, 36 timer
The exam is a take home exam where the student work with a concrete economic problem.
Aid
All aids allowed
Marking scale
passed/not passed
Censorship form
No external censorship
One internal examiner
Re-exam

If 10 or fewer register for the reexamination the examination form will be oral.

Criteria for exam assesment

To pass the course the student should  be able to: Explain the basic econometrics concepts in relation to the linear regression model, apply data to analyse specific economic problems, perform estimations and hypothesis test of parameters in linear regression models and finally to interpret the results from basic econometric analyses and make relevant conclusion based upon these

  • Category
  • Hours
  • Lectures
  • 30
  • Theory exercises
  • 10
  • Practical exercises
  • 30
  • Exam
  • 36
  • Preparation
  • 100
  • Total
  • 206