This is Robert's teaching page. It should contain course descriptions for all lecture courses, some links to older material, and announcements that serve as a means of communicating short-run changes to course participants.

 

[Latest update 13/5/2020]

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Courses in the summer semester 2020

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040057 UK Macroeconometrics (MA)

 

ECTS: 8, SWS: 4

 

Time and place:

Monday, 3:00pm-4:30pm, HS 8

Friday, 11:30am-1:00pm, HS 3

[starts March 2]

 

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.

 

The evaluation is based on three components: midterm test (35%), final exam (35%), and an empirical project (30%). The empirical project consists of writing a short paper, presenting own results and discussing the results of fellow students. 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.

 

040256-1 UK Panel Data Econometrics (MA)

 

ECTS: 8, SWS: 4

 

Time and place:         Thursday, 11:30am-1:00pm, HS 7

                                    Friday, 9:45am-11:15am, SR 13

[starts March 5]

 

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 roots, panel cointegration

 

Literature:

Baltagi, B. : Econometric Analysis of Panel Data

Hsiao, C.: Analysis of Panel Data

 

Assessment is based on two components: two written tests (30% each) and an empirical project (40 %). The empirical project consists of writing a short paper, presenting own results and discussing the results of fellow students. Dropping the course without a grade is possible on request (please contact me) before the first test. Passing the course requires both at least 50% of the maximum achievable points and attendance at the first written test.

Dates for all tests are convened in class.

 

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Courses in the winter semester 2019
are now history. One course remains here for the time being,
as not all participants have received grades on the course yet,
and there will be three more exam dates during the next three months

 

 

040216 V Macroeconomics (MA)

 

VO (2 hours per week, 4 ECTS)

 

Language of instruction: English

 

Time and location:

Monday, 16:45-18:15, Hörsaal 14, Oskar Morgenstern Platz

 

[Note that units on October 7 and October 14 were at different time and location:

18:30-20:00, Hörsaal 1]

 

Starts: October 7, 2019

 

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

2.      The supply side of the economy

3.      Monetary policy and the three-equations model

4.      Banking and money

5.      The open economy

6.      Demand and supply in the open economy

 


Course descriptions for past semesters can be accessed by links beneath this line:

 

                                                                        Winter semester 2019

Summer semester 2019                                 Winter semester 2018

Summer semester 2018                                 Winter semester 2017

Summer semester 2017                                 Winter semester 2016

Summer semester 2016                                 Winter semester 2015

Summer semester 2015                                 Winter semester 2014

                                                                        Winter semester 2013

Summer semester 2013                                 Winter semester 2012

Summer semester 2012                                 Winter semester 2011

Summer semester 2011                                 Winter semester 2010

Summer semester 2010                                 Winter semester 2009

Summer semester 2009

Summer semester 2008                                 Winter semester 2007

Summer semester 2007                                 Winter semester 2006

Summer semester 2006                                 Winter semester 2005

Summer semester 2005                                 Winter semester 2004

Summer semester 2004                                 Winter semester 2003

Summer semester 2003                                 Winter semester 2002


 

Since 2012, course grades do not appear on these pages, for reasons of data protection. Participants are always informed via e-mail.

 

Grades from the era before 2012 can be accessed here.

 



News

 

Regarding the current virus emergency plan, of course I have to follow the rules and instructions that have been announced for the whole university. Currently, there are no courses and no office hours. I am working on making useful material accessible to course participants. From the policy through the month of April and some guidelines, I conclude that those in power definitely are not planning to re-establish regular university life soon, such that some emergency status is likely to continue for the whole semester. Course participants are updated via e-mail or via this very page on a regular basis. Please contribute by some self-study at home to cope with this unpleasant situation. I should add here that whoever states that this situation does not imply any loss in quality is an outright liar. The current situation entails a considerable deterioration in all functions of a university, and particularly teaching tasks must bear the lion’s share of this deterioration.

 


General information for all courses


If you have any paper material for me (such as homework assignments or forms), please leave it with our administration. Never leave any material with other faculty.

 

In case you cannot attend a test (not an exam; there are special regulations for no-show at exams) for important reasons or you are unable to be present at any other dated event within a course, please give me notice via e-mail immediately. I expect such notifications to arrive within three days after the event that you missed.

 

Particular information related to current courses

 

040057 UK Macroeconometrics (MA)

 

·         In the first unit, the above plan of the course has been reviewed and confirmed. On March 6, the date for the first test was convened for Friday, April 24, 2020. These tests are meant to take place within the usual course units. In accordance with current guidelines, however, there will not be any tests requiring physical presence in this semester.

·         Two sets of slides (univariate and multivariate time series models) have been sent to participants or made accessible in Moodle. In case you would like to obtain these slides but you have not been on the mailing list or you are not actively registered, please just contact me and request them.

·         Some material for this course has been uploaded on Moodle, and more such material will follow. This material should be convenient for the support of self-study during the period of virus lockdown. These uploads are also continued during breaks and public holidays.

·         An old midterm test has been made accessible to participants as a homework assignment. It had to be sent electronically by participants before May 3. It will contribute 10% to the overall grade. Participation was strong here, and all have been informed about their performance.

·         In response to the current continuing “virus” situation, the original plan concerning midterm, final test, presentation, and project paper had to be reconsidered. The following is also visible on U:find. During May or maybe early June, there will be issued two homework assignments (20%). The empirical project will contribute another 35%, we shall see whether an electronic type of presentation will be feasible (10%). Ultimately, a final test (again probably online, first week(s) of June) will contribute another 35%.

 

040256-1 UK Panel Data Econometrics (MA)

 

·         In the first units, the above plan of the course has been reviewed and confirmed.

·         Participants have been asked for their preferences regarding a date for the midterm test. Seven participants have responded, two gave no preference vote. Among the 5 who gave a preference, three preferred April 30, 2020. In accordance with current guidelines, however, there will not be any tests requiring physical presence in this semester.

·         Some material for this course has been uploaded on Moodle, and more such material will follow. This material should be convenient for the support of self-study during the period of virus lockdown. Note that these uploads are continued during breaks and public holidays.

·         An old midterm test has been made accessible to participants as a homework assignment. It had to be submitted electronically by participants until May 3. It will contribute 15% to the overall grade. Participants have been informed on their scores.

·         I had to react to the continuing reduction in university facilities by re-adjusting the evaluation scheme. Currently, it is likely that only one test will be feasible, and this test should be in early June, such that participants can work on their projects. The reformed plan is visible on U:find: If the empirical project carries a weight of 40% and an oral presentation of the project carries 10%, 30% remain for a final test and up to 15% for two lesser homework assignments.

·         If the group is small, oral examinations (as recommended by the institution) would be conceivable, but I do not like them, recalling bad memories from my own student days that even included occasional dressing-up or the uneasy feeling that personality traits may be graded in oral exams. If you like them, however, please comment.

 


 

[This page has been purged from older courses. Detailed information on one course, however, remains as long as exams are still being offered.]

 

040216 Macroeconomics (MA, International Business Economics)

 

·         This is a lecture course (VO) and requires no registration. This implies, however, that I will not know your names and addresses. If you are not registered but would like to receive the slides, kindly contact me via e-mail.

·         Participants have been mailed four sets of slides for this course. In case you did not receive these slides, kindly contact me by e-mail.

·         This lecture course is recorded on U:Stream. The first two units and the unit of December 9, 2019, however, are not available. Please note that some recordings reflect technical issues, not all of them are under my control.

·         The final exam is like all other comparable exams: closed book, i.e. apart from dictionaries no tools allowed; four to six questions. Explicitly, this is not a ‘multiple choice’ test. A role-model exam from a comparable course is available on the Moodle platform. Please be aware that course contents and emphasis may have changed.

·         There was no teaching on December 16, the unit was canceled. The last unit was on January 27, 2020.

·         Exam dates are announced on U:Find. The first date was February 3, 3:00-4:30pm, HS 1. Other exam dates were and will be March 2, May 11 (online), June 16 (online; this is the last date for this course).

 


 

Link to course material for WS 2019, for reference

 

Link to course material from SS 2019, for reference

 

Link to course material from WS 2018, for reference

 

Link to course material from SS 2018, for reference

 

Link to course material from WS 2017, for reference

 

Link to course material from SS 2017, for reference

 

Link to course material from WS 2016, for reference

 

Link to course material from SS 2016, for reference

 

Link to course material from WS 2015, for reference

 

Link to course material from SS 2015, for reference

 

Link to course material from WS 2014, for reference

 

Link to course material from SS 2013, for reference

 

Link to course material from WS 2012, for reference

 

Link to course material from SS 2012, for reference

 

Link to course material from WS 2011, for reference


Link to course material for past courses, for reference