Type of course

Admission requirements

A Bachelor's degree or equivalent in economics. (An example of an equivalent degree can be another bachelor's degree containing a minimum of 80 ECTS in economics.)

· The Norwegian grading system is an A-F scale in which A is the highest score and F is fail. An average grade C from a bachelor degree issued in Norway is the minimum requirement for admission to the master's level for students with Norwegian study background.

· Applicants who hold a bachelor's degree or equivalent issued in Europe, Canada, USA, Australia and New Zealand must have an average grade C as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.

· Applicants who hold a bachelor's degree or equivalent issued in countries other than the above mentioned region/countries must have an average grade B as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.

Application code 9371

Course content

Objectives of the course

Knowledge

The student has

• advanced understanding of the most important methodological techniques in econometrics, including their strengths and limitations.
• deep understanding of the most important empirical models, the theories that explain them, and the empirical literature in selected applied areas.
• deep understanding of the most important estimation procedures, including the ordinary least squares method and maximum likelihood estimation.
• in-depth knowledge of the range of more advanced techniques that exist and that may be covered in subsequent courses in econometrics.

Skills

The student can

• apply econometric tools for modeling, estimation, inference, and forecasting in the context of real-world economic problems.
• apply econometric techniques to test economic theories and measure and estimate relevant economic parameters.
• communicate and evaluate econometric results and descriptive statistics in ways that are critical and rigorous.
• identify an interesting research problem.

Competence

The student

• has practical experience with the application of econometric methods, and can use relevant software to work with data to estimate and interpret models.
• has a thorough understanding of the issues involved in linking data, statistics, and economic theory.
• can identify the correct estimation procedure and model for a given economic problem and subsequent data.
• can formulate and test relevant economic hypotheses, and draw conclusions from them.
• can understand relevant econometric research.

Language of instruction and examination

Teaching methods

Lectures and seminars. The students need to be present at campus, and participate in lectures/seminars and possibly group-work. Students should bring a laptop to lectures/seminars

If no English students are present the lectures might be given in Norwegian.

Information to incoming exchange students