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A250A0050 Econometric Methods, 6 cr 
Code A250A0050  Validity 01.08.2011 -
Name Econometric Methods  Abbreviation Econometric Met 
Credits6 cr   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Business and Management 

Heli Arminen 
Anni Tuppura 

Description by Study Guide

Location: Lappeenranta


B.Sc. (Econ. & Bus. Adm.) 2



Teaching Language 


Teacher(s) in Charge 

Associate Professor, D.Sc. (Econ. & Bus. Adm.) Heli Arminen
Associate Professor, D.Sc. (Econ. & Bus. Adm.) Anni Tuppura


By the end of the course, students will be able to explain what kind of assumptions and practices form the basis of regression analysis. Students can interpret and evaluate the results based on regression analysis. Students will be able to specify econometric models and estimate the parameters of the models with cross-section, time series, and panel data. Moreover, students will be able to evaluate critically the estimated model and methodology, as well as the reliability of the conclusions based on the model. Students will recognise that there are various estimation methods, and are able to explain what kind of method is suitable in a certain situation (and, when necessary, are able to use a statistical test to find the appropriate method).


Linear regression analysis and hypothesis testing. The use of Stata software and interpreting Stata output. Non-linear models, qualitative dependent variables, simultaneous equations and instrumental variables. The use of time series and panel data. Prediction and basic assumptions.

Teaching Methods 

Lectures 21 h, exercises 14 h, preparation for lectures and exercises 35 h, course assignment and /or Moodle exercises 45 h, preparation for written exam and exam 45 h. Total workload for student 160 h.

Examination in Examination schedule (Yes/No) 


Examination in Moodle (Yes/No) 


Examination in Exam (Yes/No) 


Assessment scale and assessment methods 

Grade 0–5, evaluation 0-100 points. Written exam 60%, course assignments 40%.

Course Materials 

1. Hill, R.C. - Griffiths, W.E. - Lim, G.C.: Principles of Econometrics, 3rd or newer edition.
2. Other material handed out in Moodle.


A130A0350 Kvantitatiiviset tutkimusmenetelmät

Number of exercise groups where enrollment is in WebOodi (Number/Leave empty) 


Places for exchange-students? (Yes, number/No) 


Places for Open University Students?(Yes, number/No) 

max 5


Current and upcoming courses
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Upcoming exams
Functions Name Type cr Teacher Timing
Register Econometric Methods  EXAM  Heli Arminen,
Anni Tuppura 
15.04.20wed 16.15-19.15