040131 Introductory Econometrics

UK (8 hours per week, blocked October and November, 8 ECTS)

Language of instruction: English

Time and location:

Monday, 18:30-20:00, Hörsaal 4, Oskar Morgenstern Platz

Tuesday, 8:00-9:30, Hörsaal 14, Oskar Morgenstern Platz

Wednesday, 8:00-9:30, Hörsaal 14, Oskar Morgenstern Platz

Wednesday, 18:30-20:00, Hörsaal 6, Oskar Morgenstern Platz

Starts: October 1, 2018

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) in static and dynamic equations 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 using Stata.

Plan of the course: Assessment is based on two written tests (for information on dates, please consult the specific course information). No alternative dates for these tests can be provided. Each test carries a weight of 45 % in the final grade. 10 % of the final grade is determined from occasional homework assignments that can be done in groups of up to three students. A positive grade requires at least 50 % of the maximum achievable score of 100 and attendance at the first written test. Dropping the course without a grade is only possible before the first written test.