The course objective is to introduce you to the study of econometrics with a predominantly applied approach. The courses discuss theoretical aspects of the discipline but it emphasizes their empirical application to economic and policy-relevant questions.

There will be two take-home assignments to be completed during the Easter Break (due 15th of April) and by the end of May (due 31st of May), respectively. No delays are allowed in the delivery of the take-home assignments. Each homework is worth 15% of the final grade.

Passing both homeworks allows you to then complete the course with a written assessment worth 70% of the grade. You are strongly encouraged to complete the homeworks and then complete the final 70% assessment.

You can also complete the homeworks if you cannot attend the course in person, provided that you deliver your assignments on time. If you are interested in the homework and cannot attend the course, please send an email to the lecturers.

The alternative route is a longer and more comprehensive written final exam, worth 100% of the final grade.

Students who successfully complete Quantitative Economics for Business should be comfortable with basic statistics and probability.

They should be able to use a statistical/econometric computer package to estimate an econometric model and be able to report the results of their work in a non-technical and literate manner.

In particular, a student who successfully completes Quantitative Economics for Business will be able to estimate and interpret linear regression models and be able to distinguish between economic and statistical importance. They should be able to critique reported regression results in applied academic papers and interpret the results for someone who is not trained as an economist.

Small projects will be carried out in order to understand how to use the R statistical software.