# MET 3590 Methods and Econometrics

## MET 3590 Methods and Econometrics

The course provides an introduction to research methods of the social sciences, and to econometrics

After the course, the students will have obtained knowledge about:

- Important methodological concepts
- Knowledge of the main approaches (both qualitative and quantitative) to the collection, processing and analysis of data
- Basic econometrics
- Possibilities and limitations of econometric tools for business uses (research, quality control, forecasting, logistic analysis and control, etc.)
- Limitations in cases where the underlying statistical assumptions are violated
- The plurality of interpretation, and the uncertainty associated with econometric analysis

After the course the students will be able to:

- Understand and assess analysis and research in relation to scientific principles
- Evaluate which approaches that best suits a specific research question
- Collect, process and analyse data on the basis of scientific research methods
- Conduct econometric analysis by means of modern econometric software
- Conduct and interpret the results of multiple econometric hypothesis testing, also in the cases where the classical assumptions are not fullfilled
- Undertake model diagnostics and model selection

The students should acquire a conscious and critical attitude towards data, towards econometric analysis, and towards the assessment and interpretation of results from applied research

- Research methods and the philosophy of science
- Research questions, hypotheses and types of data
- Variation in research design, plurality of interpretation and the uncertainty of inference
- Simple and multiple regression
- Variation in functional form
- Regression with qualitative right-hand side variables via dummies
- Heteroscedasticity
- Dynamic analysis
- Model selection
- Analysis of categorical variables

The course consists of 42 lecture hours, where the lectures are combined with excercises and the use of econometric software

__E-learning__

In course delivery as online courses, lecturer will, in collaboration with the student administration, organize an appropriate course implementation, combining different learning activities and digital elements on the learning platform. Online students are also offered a study guide that will contribute to progression and overview. Total recommended time spent for completing the course also applies here.

Recommended software: STATA. Alternatively, OxMetrics, EViews, Gretl or R.

__Re-sit examination__

Students that have not gotten approved the coursework requirements, must re-take the exercises during the next scheduled course.

Students that have not passed the written examination or who wish to improve their grade may re-take the examination in connection with the next scheduled examination.

Higher Education Entrance Qualification.

MET 2920 Statistics for economists, MET 3431 Statistics, or the equivalent

Mandatory coursework | Courseworks given | Courseworks required | Comment coursework |
---|---|---|---|

Mandatory | 2 | 2 | As a means towards learning, two obligatory exercises must be solved and handed in during the term within deadlines that are announced before the start. Both obligatory and a pass-grade must be obtained in order to be allowed to do the final exam. Each of the two exercises are made up of two parts, one case-based part that requires the use of statistical software, and one part that is not case-based. The publication, solution and handing in of the exercises is done via the learning management system (currently It's Learning). Feedback is given either via the learning management system and/or lectures. |

Exam category | Weight | Invigilation | Duration | Support materials | Grouping | Comment exam |
---|---|---|---|---|---|---|

Exam category:Submission Form of assessment:Structured test Exam code:MET35901 Grading scale:ECTS Grading rules:Internal examiner Resit:Examination every semester | 100 | Yes | 3 Hour(s) | - All printed and handwritten support materials
- BI-approved exam calculator
- Simple calculator
| Individual | A three-hour individual multiple-choice exam concludes the course. The questions on the exam will partially be based on a case that is published two weeks before the exam. The results from the case must be brought to the examination, since the results are needed in order to answer the questions related to the case. However, the results from the case should not be submitted. In addition to questions from case the case, the exam will also include questions from the entire syllabus. |

Activity | Duration | Comment |
---|---|---|

Teaching | 36 Hour(s) | |

Other in classroom | 6 Hour(s) | Instructions on the use of econometric software |

Group work / Assignments | 70 Hour(s) | |

Student's own work with learning resources | 60 Hour(s) | |

Submission(s) | 15 Hour(s) | Obligatory exercises |

Examination | 13 Hour(s) | Exam case and exam |

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.