SØK3001 - Advanced Econometrics


Examination arrangement

Examination arrangement: Written examination
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
Written examination 100/100 5 hours C

Course content

The course builds on bachelor courses in statistics and empirical methods and considers the quantifying of economic relationships and statistical testing of economic hypotheses. It gives an introduction to the use of statistical (econometric) methods when analyzing and interpreting data. The course discusses specification of econometric models and how empirical relationships can be motivated and specified based on economic theory and institutional knowledge. An important issue is to show how econometric methods can be used to provide credible empirical analysis of economic relationships with the use of different types of data; cross section data, time series data and panel data.

Learning outcome


You learn

  • about the ordinary least squares method (OLS) and how this method can be generalized and used under different conditions (serial correlation and heteroscedasticity)
  • simple estimation methods and interpretation of econometric models for panel data and time series data
  • about instrumental variable method and two stage least squares method, included applications of these methods to estimation of relationships that are parts of equation systems and cases with measurement errors in the variables


You should

  • be familiar with important methodological tools in econometrics and be able to interpret and explain results from econometric studies
  • be able to perform simple statistical evaluation of properties of econometric models, for example investigate if the classical assumptions for the use of ordinary least squares method are fulfilled
  • be able to understand and critically evaluate empirical studies in the literature and to perform econometric studies on your own
  • be able to use modern econometric software

General competence

You should be able to

  • read and understand research papers and reports that make use of the concepts and methods introduced in the course
  • use the econometric models and tools in your own academic work, for example in analyses for your master's thesis

Learning methods and activities

Due to 'Experts in Teamwork' there are no lectures during the first three weeks of the semester. Thereafter 4-6 hours of lectures every week and 2 hours of practical assignments every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.

Compulsory assignments

  • Approved term paper(s)/exercise(s)

Required previous knowledge


Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SVSØ304 15.0
More on the course



Version: 1
Credits:  15.0 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  SPRING 2024

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Financial Economics
  • Economics
  • Social Sciences
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of Economics


Examination arrangement: Written examination

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD Written examination 100/100 C 2023-12-22 09:00 INSPERA
Room Building Number of candidates
SL310 turkis sone Sluppenvegen 14 17
Spring ORD Written examination 100/100 C 2024-05-16 09:00 INSPERA
Room Building Number of candidates
SL311 Sluppenvegen 14 84
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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