Main Field of Study and progress level:
Economics: First cycle, has less than 60 credits in first-cycle course/s as entry requirements
Grading scale: Pass with distinction, Pass, Fail
Responsible department: Department of Economics
Revised by: Rector of Umeå School of Business and Economics, 2014-06-16
Contents
Module 1: Tools and methods for economists (7,5 ECTS) The main objective of the module is to provide the student with fundamental knowledge in methods for economists, theoretical as well as practical. Ethical aspects in research are included.
Relevant methods for economists include quantitative as well as qualitative methods. The first part of the course focuses on mathematical concepts needed for studies in economics, e.g. functional forms, algebra, optimization, matrix algebra and derivation. The second part of the course focuses on econometrics, especially key concepts, interpretations and practical use. The main model used is the traditional regression analysis (OLS).
Module 2: Industrial Economics (7,5 ECTS) An updated text will be avaliable in August
Expected learning outcomes
Module 1: Tools and methods for economists (7,5 ECTS) Upon completing this module, students should be able to: • Apply relevant methods for economists • Apply mathematical methods such as optimization, matrices and derivations • Describe the theoretical foundation for the OLS model • Apply OLS on relevant data, and alsobe able to describe the limitations of the model • Discuss different ethical aspects connected to research.
Module 2: Industrial Economics (7,5 ECTS) Updated goals will be avaliable in august.
Required Knowledge
Economics A100, 30 ECTS or equivalent.
Form of instruction
The education is given in form of lectures, group sessions and seminars.
Examination modes
The examination consist of a written examination in the end of each module, assignments and seminars.
The result from the assignments and seminars are only valid during the current semester. Students without the grade "Pass" or "Pass with Distinction" on assignments and seminars will be given additional questions covering these parts on the written exam in the end of the course.
A second exam opportunity is always offered within a short time span after the regular exam date for those students not achieving a Pass, except Module 2 during spring semesters. The subsequent exam opportunity is either the re-take opportunity the week before the fall semester or the next regular exam date.
The following grading system will be used: Pass with Distinction (Väl Godkänd) Pass (Godkänd) Fail (Underkänd). Grades on the course are awarded when the student has passed all examinations and compulsory course elements on all modules. The grade Pass with Distinction on the course requires the grade Pass with Distinction on all modules.
When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the rector of USBE.
Credit transfer Academic credit transfers are according to the University credit transfer regulations.
Credit transfer Academic credit transfers are according to the University credit transfer regulations.
Introduction to econometrics Stock James H., Watson Mark W. 3. rev. ed., Global ed. : Harlow : Pearson Education : 2014 : 848 s. : ISBN: 978-1-292-07131-2 Search the University Library catalogue
Essential mathematics for economic analysis Sydsæter Knut., Hammond Peter J., Strøm Arne. 4th ed. : Harlow : Pearson : 2012. : xviii, 745 p. : ISBN: 978-0-273-76068-9 (pbk.) : Search the University Library catalogue
Industrial organization : contemporary theory and empirical applications Pepall Lynne, Richards Daniel Jay, Norman George 5. ed. : Hoboken, NJ : Wiley : cop. 2014 : ix, 709 s. : ISBN: 9781118250303 Search the University Library catalogue
Introduction to econometrics Stock James H., Watson Mark W. 3. rev. ed., Global ed. : Harlow : Pearson Education : 2014 : 848 s. : ISBN: 978-1-292-07131-2 Search the University Library catalogue
Studenmund A. H. Using econometrics : a practical guide 6. ed. : Boston, Mass. : Pearson : cop. 2011 : xvii, 616 p. : ISBN: 978-0-13-137998-5 (internat. ed.) Mandatory Search the University Library catalogue
Essential mathematics for economic analysis Sydsæter Knut., Hammond Peter J., Strøm Arne. 4th ed. : Harlow : Pearson : 2012. : xviii, 745 p. : ISBN: 978-0-273-76068-9 (pbk.) : Search the University Library catalogue
Modern industrial organization Carlton Dennis W., Perloff Jeffrey M. 4. ed. : Boston, Mass. : Pearson Addison-Wesley : cop. 2005 : xviii, 822 s. : ISBN: 0-321-22341-1 (hft.) Mandatory Search the University Library catalogue
Studenmund A. H. Using econometrics : a practical guide 6. ed. : Boston, Mass. : Pearson : cop. 2011 : xvii, 616 p. : ISBN: 978-0-13-137998-5 (internat. ed.) Mandatory Search the University Library catalogue
