Project Work based on Empirical Data


Content, progress and pedagogy of the module

The purpose of the empirical project is to enable students to conduct an in-depth empirical investigation using socio-economic data in order to test economic theories or explore empirical facts that can shape economic theories. This involves analysing the data, building an empirical model, evaluating the model, interpreting results, and drawing inferences.

Upon completion of this module, students are expected to be able to address issues of empirical relevance in the real world. They should be able to construct a meaningful empirical model and test its validity. In doing so, they are expected to take important decisions related to data treatment for the model.

Learning objectives


The objective is that the student after the module possesses the necessary knowledge on:

  • the application of econometric techniques to test relevant economic theories.
  • the technicalities and assumptions of an empirical model and explain its practical relevance.
  • how to interpret empirical evidence and its relevance to the selected economic theory.


The objective is that the student after the module possesses the necessary skills in:

  • utilising raw data and performing statistical techniques to prepare the data for meaningful empirical analysis.
  • choosing a relevant empirical model, given the nature of inquiry, and motivate the choice.
  • applying various methods to evaluate and validate an empirical model (both theoretically and empirically).


The objective is that the student after the module possesses the necessary competences in:

  • formulating a problem in the field of economics and performing an in-depth empirical inquiry by utilising an empirical framework grounded in statistics and econometrics.
  • clearly relating model findings to economic theory and drawing conclusions in the light of empirical findings.
  • making a critical assessment of the selected empirical approach, and discussing its implications for model results and conclusion.

Type of instruction

For further information see §17.



Name of examProject Work based on Empirical Data
Type of exam
Oral exam based on a project
Group examination with max. 4 students
Assessment7-point grading scale
Type of gradingExternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleEmpirisk projekt
Module codeBAØKO202321
Module typeProject
Duration1 semester
Language of instructionDanish and English
Location of the lectureCampus Aalborg
Responsible for the module


Education ownerBachelor of Science (BSc) in Economics
Study BoardStudy Board of Economics (cand.oecon)
DepartmentAalborg University Business School
FacultyFaculty of Social Sciences and Humanities