LOJK10272U Applied Econometrics
MSc Programme in Agricultural Economics
MSc Programme in Environment and Development
MSc Programme in Environmental and Natural Resource Economics
MSc Programme in Forest and Nature Management
This course aims at providing the student basic knowledge about relatively advanced regression models and methods that are relevant to applied economists. With a mix of econometric theory and applications the course will develop the student's skills to conduct own empirical research projects.
The main objective of the course is to provide an introduction
to the more advanced themes in econometric modeling with an
emphasis on application of estimation techniques and statistical
After completing the course it is expected that the student is able to:
- Reflect about the appropriate choice of estimator given certain types of data such as panel data, data with a binary dependent variable and other types of limited dependent variables.
- Reflect about econometric problems and solutions in relation to endogenous regressors.
- Formulate, estimate and interpret results of multiple linear regression models.
- Formulate, estimate and interpret results of econometric models for binary dependent variables.
- Formulate, estimate and interpret results of econometric models for corner solution responses. (Only corners eq. to zero)
- Formulate, estimate and interpret results of econometric models for count data.
- Formulate, estimate and interpret results of linear econometric models for panel data.
- Formulate, estimate and interpret results of linear econometric models with endogenous regressors.
- Understand the concepts of consistency, unbiasedness and asymptotic normality of estimators.
- Understand the concept of prediction, and understand that the calculation of expected values varies between models.
- Understand the concept of endogeneity
- Discuss the results of econometric analyses based on model assumptions and limitations.
- Interpret outcomes of econometric analyses and draw appropriate conclusions.
Jeffrey M. Wooldridge. Introductory Econometrics: EMEA
The literature is indicative. The exact literature will be announced at Absalon at the beginning of the course.
LMAB10069 Statistical Data Analysis 1
LOJB10242 Thematic Course: Applied Economic Analysis
Academic qualifications equivalent to a BSc degree is recommended.
- Practical exercises
- Project work
- The students get individual written feedback on the three assignments handed in during the course, and joint verbal feedback on each assignment.
- During exercises the students get verbal feedback on their methods and interpretations of results
- The students get verbal feedback on the learing targets during the joint summing up exercises in class.
- 7,5 ECTS
- Type of assessment
- Written examination, 4 hours under invigilationthe written examination counts 100% of the grade.
The course has been selected for ITX exam on Peter Bangs Vej.
- Exam registration requirements
During the block students will work on the completion of 3 applied case studies where econometric analysis has to be used to analyse different data problems and assess the quality of the results. The reports can be done as group work. Each of the reports must be passed to allow the student to take the final exam.
- All aids allowed
The University will make computers and power available to students taking written exams with invigilation in the University’s building on Peter Bangs Vej 36 (ITX). Students are therefore not permitted to bring their own computers, tablets or mobile phones. If textbooks and/or notes are permitted, according to the course description, these must be in paper format or on a USB flash drive.
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
As ordinary exam. If 10 or fewer register for the reexamination the examination form will be oral.
The oral exam lasts 30 minutes. There is 30 minutes for preparation with all aids allowed.
If the student has not passed the exam registration requirement of successful completion of 3 applied case studies, then these case studies must be handed in three weeks prior to the re-exam. They must be approved before the exam.
Criteria for exam assesment
See Learning Outcome