Course Catalogue | CBS Copenhagen Business School

BA-BHAAV1016U Quantitative Methods

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2015/2016

English Title
Quantitative Methods
Language

English

Course ECTS

7.5 ECTS

Type

Elective

Level

Bachelor

Duration

One Semester

Start time of the course Autumn

Timetable

Course schedule will be posted at calendar.cbs.dk

Max. participants

100

Study board

Study Board for BSc in Economics and Business Administration

Course coordinator
Morten Lau - Department of Economics (ECON)
Main academic disciplines
Methodology and philosophy of science
Statistics and quantitative methods
Economics
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes
or errors:
Demonstrate knowledge of concepts, models, methods and tools in econometrics, corresponding to the
course syllabus
Evaluate an empirical study which another has produced
Implement a reasonably simple econometric analysis in practice
Examination
Quantitative Methods:
Exam ECTS
Examination form
Individual or group exam
Assignment type
Duration
Grading scale
Examiner(s)
Exam period
Aids allowed to bring to the exam

Make-up exam/re-exam

7,5
Written sit-in exam
Individual
Written assignment
4 hours
7-step scale
One internal examiner
Winter
Limited aids, see the list below:
Books and compendia brought by the
examinee
Allowed calculators
Notes in paper format brought by the
examinee
Same examination form as the ordinary exam
If the number of registered candidates for the
make-up examination/re-take examination
warrants that it may most appropriately be held
as an oral examination, the programme office
will inform the students that the make-up

http://kursuskatalog.cbs.dk/2015-2016/BA-BHAAV1016U.aspx

8/27/2015

Course Catalogue | CBS Copenhagen Business School

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examination/re-take examination will be held as

an oral examination instead.
Description of the exam procedure
Part of the test is based on a previous data analysis (48 hour take home). At the end of the 4-hour written
exam, answers to the exam paper are handed in along with results from the previous data analysis to the
extent that they are relevant for the answers.
Students are not allowed to bring a computer, which means that the answers are hand written. The exam
is in English.
Course content and structure
Do family owned businesses do better than other companies? Is it a problem that the risk of stocks their
betas are often derived based on historical data? How can one determine a company's returns to scale?
How does one estimate a price elasticity? Generally, how does one confront a research hypothesis with
data?
The main course objective is to provide students with the necessary tools to answer such questions by
introducing a range of models and methods in econometrics. The course will focus more heavily on the
applied aspects of econometrics, as opposed to the theoretical. The curriculum is designed to target students
who intend to conduct an empirical analysis as part of their undergraduate/graduate study program.
The course will focus on the various applications of regression models. Two different types of data often
encountered in economics and business will be considered along with the appropriate techniques for such
data. Throughout the course, emphasis will be placed on quantitative and qualitative understanding of the
models employed. That is, how one can translate a qualitative research question to a quantitative model and
of course the ability of students to interpret resulting output. A recurring theme in such an interpretation is the
distinction between correlation and causation. Despite the intuitive simplicity of such a distinction, much of the
difficulty of econometrics stems from the simple fact that we use observational data. For instance, can we
determine whether equity markets affect the real economy, or is it the reverse?

Teaching methods
A combination of lectures and PC-based exercise hours will be used. Lectures will introduce and discuss
various topics within an application-based perspective. Whenever possible, in class examples will be selected
from real business/economic situations, but other examples will also be used (coming from other HA courses).
Guest lecturers will be invited to discuss examples of econometric applications in their own research, both
inside and outside of CBS.
Expected literature
Stock, J. H. and Watson, M., Introduction to Econometrics (Pearson Education, 2011).
The textbook is supplemented with a few scientific articles that are relevant to some of the course examples.
Last updated on 26-02-2015

http://kursuskatalog.cbs.dk/2015-2016/BA-BHAAV1016U.aspx

8/27/2015