SOK-3005 Applied Price Analysis - 10 stp

Applicants from Nordic countries: 1st of June

Applicants from outside the Nordic countries: 15th of April

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

Students who have successfully completed the course should have achieved the following learning outcomes:

Knowledge and comprehension:

• More advanced demand theory
• Theoretical restrictions in an empirical demand function
• How economics factors affect consumer demand

Skills:

The course should prepare the student to:

• Analyse how consumer demand is affected
• Estimate two classical demand models using time series data (Rotterdam and AIDS)
• Estimate demand model using survey data (either Logistic model or hedonic price model)

Competence:

• Combine economic theory with applied demand analysis
• Using econometric tools to analyze applied consumer demand

First assignment:
Theoretical Restriction 10%

Second assignment:
Rotterdam Model Estimation 30%

Final Assignment:
AID Model Estimation and Logistic Model/Hedonic Model Estimation 60%.

There will not be arranged a re-sit exam for this course.