040131 Introductory Econometrics


UK (4 hours per week, 8 ECTS)


Language of instruction: English


Time and location:


Monday, 9:45-11:15, Hörsaal 1, Oskar Morgenstern Platz

Wednesday, 9:45-11:15, Hörsaal 1, Oskar Morgenstern Platz


Starts: October 5, 2020


Specific comment: Unfortunately, all face-to-face teaching was stopped at the beginning of November. We continue via synchronous on-line teaching at the usual time units. Because teaching is on-line, we do not have to restrict ourselves to the units convened in U:Find, however, so all possible time slots are used, of course excepting no-teaching days and holidays. Two units must be reserved for the tests (midterm and final). Finals should happen, unless otherwise convened, in the last unit in January. The October course units have been recorded, with video recordings accessible to participants via Moodle.


Course description: The course introduces 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 two written tests and on assignments. Dates will be convened in class: first test will be on December 2, second test in the last unit in January. No alternative dates for these tests can be provided. Tests carry weights of 35 % each in the final grade. An additional 30 % of the final grade can be obtained from occasional homework assignments (each of them carries 10 %, and there may be more than three) 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, 13:15-14:45

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

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