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How to quantify economic relationships



7.5 credits

Autumn / Spring



This course examines how to quantify economic relationships using the econometric method, and the problems that may arise in this context, primarily using the classic linear regression model. It includes practical exercises using statistical software.

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Tools and knowledge for analysing important societal issues After studying Economics, you can work in both the public and private sectors, for national or international organisations, with issues relating to the economics of society. In the private sector, it is common for economists to work at banks or in companies in the financial sector. However, economists may also work at consultancies or other companies that require socio-economic expertise. In the public sector, you could work at government ministries, public authorities, municipalities or the Swedish Riksbank. Studying Economics gives you important, societally beneficial knowledge. After your studies, you will have the tools and knowledge necessary to analyse important societal issues Studying Economics is not only a strength on the labour market, but it also provides an important general education for understanding our societal economy. Read about research in this subject
Quantifying economic relationships through practical exercises This course covers how to quantify economic relationships using the econometric method, the associated problems and primarily uses the classic linear regression model. There is a great deal of emphasis on practical exercises performed using statistical software. It examines different methods for the statistical analysis of economic data, and explains different types of economic data, such as cross section, time series and panel data. You will learn how to select suitable regression models for analysing various economic problems, how to implement hypothesis tests, and to understand estimation results and confidence intervals. Course design The course is taught through lectures and compulsory computer labs, and is assessed through a written examination, the oral and written presentation of group work, and through computer exercises.
How can we manage sparse resources and work towards sustainable economic growth? Economics is important for societal democracy, as the purpose of the subject is to investigate how we manage and distribute sparse resources. The subject therefore has a strong link to most of the UN global goals. Economics has a broad perspective that covers many societal functions, everything from conditions for businesses and employees to those for sustainable development and the role of the financial market in global stability. Economics covers many different areas and has clear links to many current societal problems. Studying the subject provides insight into environmental economics, development economics, financial economics, industrial organisation, labour market economics and various theories of international trade. These areas are strongly associated with current societal problems such as trade wars and globalisation, unemployment and integration, poverty and opportunities for development in low-income countries. If you study Economics, you will gain important societal knowledge that is beneficial on the labour market, as well as tools for analysing important societal problems. At Södertörn University, our aim is to teach the subject using a broad perspective and an unconditional approach.