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721066S Principles of Econometrics, 6 ECTS cr 
Code 721066S  Validity 01.08.2014 -
Name Principles of Econometrics  Abbreviation Principles of E 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6337 Economics and Business Administration 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

Sanna Huikari 

ECTS Credits 

6 credits

Language of instruction 



Period 2 (1st year of Master’s Programme)

Learning outcomes 

After completing the course, the student is familiar with the standard methods used in empirical analyses and with regression analysis relevant for analyzing economic data. In addition, the student can interpret and evaluate the outcomes of empirical analysis. Furthermore, he/she has basic knowledge of using statistical software in econometric analyses.


Statistical basics of econometrics and the use of basic econometric models in the analysis of different economic phenomena. The main focus is on dealing with the basic regression models adapted to cross-section data and familiarizing with the use of statistical software.

Mode of delivery 

Face-to-face teaching.

Learning activities and teaching methods 

36 hours of lectures, 18 hours of exercises, exam 3 hours, preparing for the lectures, exercises and exam 103 hours.

Target group 

First year Master’s students in Economics, Accounting and Finance.

Prerequisites and co-requisites 

806116P Basic Methods in Statistics 1 (in Finnish: 806116P Tilastotiedettä kauppatieteilijöille) or elementary knowledge of statistics and probability theory.

Recommended optional programme components 


Recommended or required reading 

Stock James H., Watson Mark W.: Introduction to Econometrics, 2. or 3. edition. Other material announced during the lectures.

Assessment methods and criteria 

Written exam.


The course utilizes a numerical grading scale 1-5. In the numerical scale zero stands for a fail.

Person responsible 

Post-doctoral researcher Sanna Huikari

Working life cooperation 

In working life, when the skills of analyzing data are required, the skills learned during the course help a student in summarizing and interpreting the results of empirical studies. He/she can compare the results of various empirical studies and evaluate those critically. Student is able to independently carry out a small-scale econometric study by putting in practice the econometric methods (e.g. linear regression model and various statistical tests) discussed during the course.

Other information 

The number of students is limited.


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
Registration Principles of Econometrics  Course  Sanna Huikari  01.11.21 -09.12.21

Future examinations
Functions Name Type ECTS cr Teacher Schedule
Registration Principles of Econometrics  Exam  Sanna Huikari 
15.12.21wed 16.15-19.15
wed 16.15-19.15