SOK-3020 Econometrics - 10 stp

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

After completing the course the students have obtained the following:

Knowledge

• Have advanced understanding of the main methodological techniques of econometrics, including their strengths and limitations.
• Have a deep understanding of the main empirical models, the theories explaining them, and the empirical literature in selected applied areas.
• Have a deep understanding of the main estimation procedures, including ordinary least squares, instrumental variables estimation and maximum likelihood estimation.
• Have an appreciation of the range of more advanced techniques that exist and that may be covered in subsequent econometric courses.

Skills

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

Competence

• Have practical experience of the application of econometric methods, and be able to use relevant software to work with data to estimate and interpret models.
• Have a rigorous understanding of issues in connecting data, statistics and economic theory.
• Be able to identify the correct estimation procedure and model for a given economic problem and subsequent data.
• Be able to formulate and test relevant economic hypotheses, and draw conclusions thereof.
• Be able to understand relevant econometric research.

The date for the exam can be changed. The final date will be announced at your faculty early in May and early in November.