040131 Introductory Econometrics


UK (4 hours per week, 8 ECTS)


Language of instruction: English


Time and location:

Tuesday, 18:30-20:00, Hörsaal 14, Oskar Morgenstern Platz

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


Starts: October 8, 2019


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, 4th edition). The methods are highlighted in empirical applications using Stata.


Plan of the course: Assessment is based on three written tests. Dates will be convened in class: first test should be in early November, third test in late January. No alternative dates for these tests can be provided. Tests carry weights of 25 %, 35 %, and 40 % in the final grade. An additional 10 % of the final grade can be obtained from occasional homework assignments that can be done in groups of up to three students. A positive grade requires at least 50 % of the score of 100 and attendance at the first written test. Dropping the course without a grade is only possible before the first written test.




040216 VO 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