2022-10-06 16:56 Course - Forecasting methods in economics and finance - IØ8304 - NTNU

Home Studies All courses  Norsk

IØ8304 -
Forecasting methods in economics and finance
Autumn 2022/ Spring 2023
About Timetable Examination

Examination arrangement
More on the course
Examination arrangement: Work
Grade: Passed / Not Passed No
Evaluation Weighting Duration Examination aids
Work 100/100
Facts
Course content
Version: 1
Economic forecasting is a key ingredient of decision making both in the public and Credits: 
7.5 SP

in the private sector. This course provides an overview of both theory and Study level: Doctoral degree level
applications. PhD students will learn basic and advanced forecasting techniques
using state of the art method, software, and databases.

The first part of the course covers a broad overview of time series forecasting: Coursework
descriptive statistics and graphical analysis, forecast evaluation, regression analysis,
PCA, ARIMA models, VAR/VECM models, Bayesian VAR, GARCH models, Quantile Term no.: 1
regression, Regime Switch models, State Space models, Forecast Combination, and Teaching semester:  AUTUMN 2022
Machine Learning techniques in forecasting. The second part of the course covers
state of the art research within some of these methods applied to specific research Language of instruction: English
questions in economics and finance. The course will cover practical implementation
of models in Eviews and R along with the FRED and ECB databases. Students are to Location:
Trondheim
make presentations of selected topic from the course along with specific computer
exercises.
Subject area(s)
Learning outcome
In this course, the candidate will acquire key knowledge in modern forecasting Managerial Economics, Finance and
methods in economics and finance. The candidate will receive training to make a Operations Research
lecture of a selected topic and present this. The candidate will also receive training Industrial Economics and
in writing and presenting selected data, methods, and implementation of methods Technology Management
from the course. This will be an important part of the general PhD training for the Business Economics
candidate. The candidate will also get acquaintance to usage of databases and Financial Economics
statistical software.

Learning methods and activities

The course will consist of a mixture of traditional lectures and practical exercises Contact information
over intensive seminars in September, October, and November. Lectures will also
be available digitally. Lectures will be given both by faculty and students. Course coordinator:
Sjur Westgaard
Compulsory assignments
Lecturer(s):
Active participation in lectures Aristidis Kaloudis
Petter Eilif de Lange

Department with academic

Further on evaluation responsibility
In order to get the course approved, the students need to: (1) Make a lecture on a Department of Industrial
selected topic from the course and present this, and (2) Make an analysis using Economics and Technology
spesific data, methods, and software implementation and present this. The quality Management
of these presentations will be evaluated by an external examiner and the lecturer.
The presentations will be recorded.

Specific conditions
Compulsory activities from previous semester may be approved by the department.
https://www.ntnu.edu/studies/courses/IØ8304/2022/1#tab=omEmnet 1/2
2022-10-06 16:56 Course - Forecasting methods in economics and finance - IØ8304 - NTNU

Recommended previous knowledge

Basic courses within economics and finance. General knowledge within
mathematics, statistics and computer science.

Course materials
A list of recommended books will be given at course start.

Credit reductions
Course code Reduction From To
TIØ4557 3.5 AUTUMN 2015

Studies Contact Discover NTNU About NTNU Services

Master's programmes in English Contact NTNU Experts NTNU's strategy For employees
For exchange students Employees Vacancies Research excellence For students
PhD opportunities For alumni Pictures from NTNU Strategic research areas Blackboard
Courses Press contacts Innovation resources Organizational chart Intranet
Career development Researcher support NTNU in Gjøvik Libraries
Continuing education NTNU in Trondheim About the university
Application process NTNU in Ålesund
Maps

Norwegian University of Science and Technology

About cookies
Privacy policy
Editoral responsibility
Sign In

   

https://www.ntnu.edu/studies/courses/IØ8304/2022/1#tab=omEmnet 2/2