**Course
descriptions for the winter semester 2013**

**040131
Introductory econometrics**

UK,
4 hours per week (8 ECTS)

Language of instruction: **English**

**Time and location:**

**Tuesday****, 16:00-17:30**, Hörsaal 14, Oskar Morgenstern Platz

**Wednesday****, 16:00-17:30**, Hörsaal 14, Oskar Morgenstern Platz

(at some dates different rooms at these times, kindly consult
Univis)

**Starts**: October 1, 2013

**Course description: **The course** **provides an introduction to the most
common statistical methods that are used in empirical economics. This includes
linear regression (ordinary least squares, generalized least squares,
instrumental variables) and the corresponding hypothesis tests (restriction
tests as well as diagnostic tests). The basic literature used for the course is
**Jeffrey M. Wooldridge: Introductory
Econometrics **(South-Western, 4^{th} edition). The methods are highlighted
in empirical applications in Stata.

**Plan of the course**:
Assessment will be based on four written tests in the last units of each month.
No alternative dates for these tests can be provided. Each of the tests carries
a weight of 25 % in the final grade. A positive grade requires at least
50 % of the maximum achievable score and attendance at the first written test.
Dropping the course without a grade is not possible after the first written
test in the last October unit.

**040043 Microeconometrics**

UK, 4 hours per week (8 ECTS)

Language of instruction: **English**

**Time and location:**

**Monday****, 18:00-19:30**, Hörsaal 11, Oskar Morgenstern Platz

**Thursday****, 16:00-17:30**, Hörsaal 14, Oskar Morgenstern Platz

**Starts**: October 2, 2013

**Course description: **The course** **focuses on those econometric methods
that are used in the analysis of individual economic data. The following five
topics will be targeted:

1.
Basics

2.
Endogenous regressors

3.
Maximum likelihood

4.
Limited dependent variables

5.
Panel data

The topics 2-5 roughly correspond to the Sections 5, 6, 7,
10 of the textbook

**Verbeek****: A Guide to Modern Econometrics **(Wiley, 4^{th} edition),

which serves as the main literature
for the course. Another recommended textbook is **Cameron and Trivedi: Microeconometrics**
(Cambridge University Press).

**Plan of the course**:
Assessment will be based on two written tests, a midterm test in late November
and a final test in the last unit in January (no alternative dates can be
provided), and a small independent empirical econometric project. Each of the
tests carries a weight of 35 % for the final grade, while the project carries
30 %. Dropping the course without a grade is only possible before the midterm
test. A positive grade requires 50 % of the maximum achievable score and
attendance at the midterm test.