Welcome to Introductory Econometrics (NA1031) at Dalarna University!

Course Content

The course covers the basic tools of estimation, inference, and forecasting. Students acquire the knowledge and skills to analyze economic relationships using economic theory and data with econometric software.

The course begins with an introduction to the subject of econometrics, and different kinds of economic data are defined. The distinction between an economic model and an econometric model is emphasized. Simple and multiple regression models are introduced. The ordinary least squares (OLS) method of estimation and its properties are presented. Statistical significance testing and inference are explained. The limitations of the OLS method in cases of multicollinearity, heteroskedasticity, and autocorrelation are covered. Panel regression models, binary logit and probit models, instrumental variable regression, experiments and quasi-experiments, as well as time series regressions and forecasting, are discussed.

Learning Outcomes

The general purpose of this course is that students acquire knowledge of the theory and application of econometric methods. After completing the course, students should be able to:

• Describe simple and multiple linear regression models.
• Explain the least squares estimators and their properties.
• Explain and perform hypothesis testing.
• Specify econometric models based on economic theory.
• Discuss different model specifications and results.
• Interpret the estimated coefficients from the estimation results.
• Apply simple and multiple regression techniques to estimate parameters of economic models and interpret them.
• Apply econometric methods and report and present the results in a structured and linguistically correct manner.

Form of Study

Lectures, computer labs, and assignments.

Assessment

The course is assessed by a written exam, worth 6 hp (graded U-VG), and an assignment, worth 1.5 hp (graded U-G). To pass the course, at least a grade of G is required on both the exam and the assignment. To get VG (pass with distinction) for the entire course, you must receive a VG on the written exam.

Literature

Stock, J. H., & Watson, M. W. (2020). Introduction to econometrics (Fourth edition, global edition). Harlow: Pearson. ISBN: 9781292264455.

Grades

The Swedish grades U - VG.

Schedule

The course starts in Week 46, 2024 and ends in Week 3, 2025. 

Exam Dates

Final Exam (Tentamen): 16/1, 8.00 – 12.00 (Place: Borlänge, B403)

Final Re-exam  (Omtentamen): 10/2,  8.00 – 12.00  (Place: Borlänge, B401)

Final Make-up Exam (Omtentamen): To be announced.

	Course Syllabus			Contact information
	Reading List			Alemu Chala Course Coordinator alch@du.se