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721073S Empirical Research, 6 ECTS cr 
Code 721073S  Validity 01.08.2019 -
Name Empirical Research  Abbreviation Empirical Resea 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6354 Finance 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

Kallunki Juha-Pekka 

ECTS Credits 

6 credits

Language of instruction 



Period 1 and 2 (2nd year)

Learning outcomes 

Upon completion of the course, students understand the nature and the key elements of empirical research in Accounting/Economics/Finance, are familiar with the data gathering process, and are able to demonstrate competency in complying with academic writing guidelines. They are able to write a literature review on a selected topic and conduct basic empirical analyses using excel and one other programming language.


Introduction to empirical research and basics of econometrics; information retrieval from the library’s databases; analysis of a scientific empirical article; current research topics; academic writing and writing guidelines; data and available databases; basics of Excel and E-views/R/SAS.

Mode of delivery 

Face-to-face teaching.

Learning activities and teaching methods 

46 hours of lectures, including multiple individual and group activities. Students also engage in a set of individual assignments.

Target group 

Students of the Master’s programs in Accounting, Economics and Finance.

Prerequisites and co-requisites 

Fundamentals of Economics, Fundamentals of Finance or Fundamentals of Accounting.

Recommended or required reading 

The reading material will be distributed during the course.

Assessment methods and criteria 

The final assessment is based on the aggregate grade of the class activities and individual assignments.


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

Person responsible 

Juha-Pekka Kallunki

Working life cooperation 

The course facilitates the knowledge and the tools that can boost the skills required for a career in quantitative fields.

Other information 

The number of students is limited. Sessions are divided into common sessions and major-specific sessions. Students choose one of three programming language modules.


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
registration period has ended Empirical Research  Course  Asif Ruman  10.09.21 -10.12.21

Future examinations
No examinations in WebOodi