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Course syllabus - Econometrics

Scope

7.5 credits

Course code

NAA120

Valid from

Autumn semester 2026

Education level

First cycle

Progressive Specialisation

G1F (First cycle, has less than 60 credits in first-cycle course/s as entry requirements)

Main area(s)

Economics

Organisation

Department of Business and Mathematics

Ratified

2015-02-04

Revised

2025-11-03

Literature lists

Course literature is preliminary up to 8 weeks before course start. Course literature can be valid over several semesters.

    • Ratified date: 2023-05-09
    • Latest update: 2025-05-27

    Books

    Studenmund, A. H.; Johnson, Bruce K.

    A practical guide to using econometrics

    ISBN: 9781292154091

    LIBRIS-ID: 20048444

    7. [rev.] ed. ; Global ed., Harlow, Pearson, 572 s.

    Mandatory

Objectives

The aim of this course is to give an understanding of basic methods for statistical analysis of economic data, and the ability to use these methods to test hypotheses about these data and to estimate parameters of economic models. Students also learn some ways to test if the methods are applicable to a specific data set, and what to do when this is not the case. The focus is on the linear regression model.

Learning outcomes

After completed course the student shall be able to

  • demonstrate knowledge of statistical theory and methodology, especially related to frequently occurring problems in economic applications
  • apply the classical linear regression model
  • specify simple econometric models
  • estimate the economic models for cross-sectional and time series data
  • interpret the results of an existing estimation
  • account for the limitations and potential sources of error in the analysis
  • present the results of the tests.

Course content

General description of econometric models and their application in economics. Linear regression models with one or more explanatory variables. Estimation and inference. Heteroscedasticity and autocorrelation. Multicollinearity. Measurement error. Dummy variables as explanatory / dependent variables.

Specific requirements

22,5 credits in Economics. In addition, Mathematics 3b or 3c or Mathematics C or Mathematics - Further level 1b or Mathematics - Further level 1c is required.

Examination

Exercise (PM01), 1.5 credits, marks Pass (G)
Examination (TEN1), 6 credits, marks Pass (G) or Pass with distinction (VG)

A student who has a certificate from MDU regarding disability study support, can request adaptions for the examination. It is the examiner who takes decisions on any adaptions, based on the certificate and other conditions.

Grade

Three-grade scale

Interim Regulations and Other Regulations

The course raplaces NAA105 Econometrics 7,5 credits and overlaps 7,5 credits with each of the courses EN0290 Econometrics och ENA008 Econometrics.