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721072S Quantitative Economics, 6 ECTS cr 
Code 721072S  Validity 01.01.2019 -
Name Quantitative Economics  Abbreviation Quantitative Ec 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6311 Economics 
  Grading1 - 5, pass, fail 
Unit Oulu Business School 

Matti Koivuranta 

ECTS Credits 

6 credits

Language of instruction 



Period 2 (year 2)

Learning outcomes 

After completing the course the student is able to use computer to solve simple computing problems when no readily available software is available for the task. As a side product the student learns elementary usage of a general purpose programming language, Python.


Usage of Python programming language and its extension packages in solving a wide variety of problems. The topics include empirical analysis, applied economic theory and visualization of results. The emphasis of the course is on getting started rather than complex problems.

Mode of delivery 

Face-to-face teaching

Learning activities and teaching methods 

24 hours of lectures and 24 hours of exercises/tutoring, independent work on home assignments

Target group 

2nd year Master’s students

Prerequisites and co-requisites 

Fundamentals of Economics, Mathematical Economics

Recommended or required reading 

Recommended readings include applicable parts of Python documentation at and applicable parts of material at target=_blank>

Assessment methods and criteria 

Home assignments


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

Person responsible 

Matti Koivuranta

Working life cooperation 

The course offers an opportunity to get started in learning concrete skills that are becoming increasingly important in many jobs.

Other information 

The number of students is limited.


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
registration period has ended Quantitative Economics  Course  Matti Koivuranta  01.11.21 -09.12.21

Future examinations
No examinations in WebOodi