KTTA4220 Basics in Econometrics for Business and Finance (4 cr)
The objective of this course is to give the student the skills that are needed for empirical economic research. The content of this course is the following: descriptive statistics, statistical hypothesis testing, bivariate regressions, multivariate regressions, binary variables, interaction variables, logarithmic variables and non-linear regressions, heteroskedasticity, serial correlation, multicollinearity, endogeneity and exogeneity, panel datasets and panel regressions. In addition, the student learns how to use the databases available in the JSBE, especially for financial economics applications.
At the end of the course, the student is expected to be able to:
- understand the most common concepts and methods of applied econometrics
- apply econometric methodologies, specify a regression model, and interpret results
- critically analyse econometric studies
- use DataStream and BankFocus for downloading data
This course is an online course that includes video lectures and Moodle exams. In addition, there is a project work where students can practice their econometric skills.
Description of prerequisites
KTTP2111 Basics of Economics, Introduction to Statistics 1 and 2, or equivalent.
Video lectures, additional material
- • Cock, A. C. 2006. A Gentle Introduction to Stata.; ISBN: 9781597180757
- • Stock, J.H. & Watson, M.W. 2007. Introduction to Econometrics, 2. painos tai uudempi.; ISBN: 0-321-44253-9
- • Baum, C. F. 2006. An Introduction to Modern Econometrics Using Stata; ISBN: 978-1597180139