Courses
in the summer semester 2021
ECTS: 8, SWS: 4
Time and place:
The course
focuses on econometric methods that are used in applications to aggregate
macroeconomic data. The course consists of the following main building blocks:
1. Univariate Time Series (ARMA processes, stationarity
and unit roots, testing for unit roots, estimation of ARMA, model selection, prediction, autoregressive conditional
heteroskedasticity, nonlinear univariate models)
2. Multivariate Time Series (Dynamic
models with stationary variables, models with integrated variables, spurious
regression, cointegration, vector autoregressions, impulse response, vector error-correction
models)
3. Macroeconomic Panel Data (dynamic
linear panels, panel time series)
Literature: Verbeek: A Guide to Modern Econometrics (Wiley,
4th edition), Chapters 8-9, 10.1-10.6.
With time
constraints, the third item (dynamic panels) may be shortened or skipped.
The
evaluation is based on three components: midterm test (30%), final test (30%),
and an empirical project (40%). The empirical project consists of writing a
short paper, presenting own results and discussing the
results of fellow students. Some additional (bonus) points are assigned to
participants who present their empirical project in class. Dropping the course
without a grade is possible on request (please contact me) before the midterm.
Passing the course requires both at least 50% of the maximum achievable points
and attendance at the midterm test.
Dates for all tests are convened in
class.
ECTS: 8, SWS: 4
Time and place: Tuesday, 3:00pm-4:30pm, on-line
Thursday,
4:45pm-6:15am, on-line
[starts March 2]
The course
introduces participants into the econometric methods that are currently used in
analyzing panel data. It has the following main building blocks:
1. Models for panel data (fixed and
random effects, one-way and two-way, estimation)
2. Tests (poolability, Hausman test, autocorrelation,
heteroskedasticity)
3. Dynamic panels (Nickell bias,
instrumental variable estimation, generalized method of moments)
4. Panel tests for unit root
Literature:
Hsiao, C.:
Analysis of Panel Data
Dates for all tests are convened in
class.
Still active courses from the winter semester 2020
VO (2 hours per week, 4 ECTS)
Language of instruction: English
Time and
location:
Because of the
current regulations, this course is done virtually (here, they call this
“digitally”). During October, the was taught asynchronously. An asynchronous
course consists of teaching material (videos and other files) that is made
accessible to participants via Moodle, as the course progresses. From November,
the course has been taught via synchronous teaching.
Starts: October 5, 2020
Course
description: The
course covers topics in the realm of macroeconomics that will help students
understand and analyze the macroeconomic performance of countries both in the
long run and at business-cycle frequencies.
This lecture course reviews material on macroeconomics that participants
know from their bachelor studies and aims at deepening this knowledge. The
textbook "Macroeconomics: Institutions, Instability, and the Financial
System" (Wendy Carlin & David Soskice; Oxford University Press) serves
as the main literature for this course. Topics to be covered are:
1. The demand side of the economy