Data on the course

Show instruction and examinations
721351S Applied Econometrics, 6 ECTS cr 
Code 721351S  Validity 01.08.2019 -
Name Applied Econometrics  Abbreviation Applied Econome 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6311 Economics 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

Elias Oikarinen 

ECTS Credits 

6 credits

Language of instruction 



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

Learning outcomes 

Upon completion of the course, a student is able to analyze econometric modeling problems, perform appropriate econometric analyses, and report on the results in a coherent manner related to the empirics of economics and/or finance.


Focus of this course is on using and applying various econometric techniques used for cross-sectional, time-series and panel data. The course also builds students skills in conducting their own empirical research.

Mode of delivery 

Face-to-face teaching

Learning activities and teaching methods 

36 hours of lectures, including tutorials for home assignments. Independent studying and completing assignments 124 hours.

Target group 

Optional for second year Master’s students in Economics and Finance.

Prerequisites and co-requisites 

806116P Basic Methods in Statistics (in Finnish: 806116P Tilastotiedettä kauppatieteilijöille) or elementary knowledge of statistics and probability theory, and 721066S Principles of Econometrics

Recommended optional programme components 


Recommended or required reading 

Brooks, Chris: Introductory Econometrics for Finance, 3rd ed. Stock James H., & Watson Mark W.: Introduction to Econometrics, 2nd or 3rd ed. Gujarati, Damodar: Econometrics by Example, 2nd ed. Other material announced during the lectures.

Assessment methods and criteria 

Home assignments and learning diary.


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 

The course provides students with the various econometric techniques that are of both academic and vocational value. The obtained skills can be applied eg. in informing decision-making and providing quantitative insights into economic and financial problems.

Other information 

The number of students is limited.


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
registration period has ended Applied Econometrics  Course  Sanna Huikari  06.09.21 -15.10.21

Future examinations
No examinations in WebOodi