Courses in the winter semester 2021 040131 UK Introductory Econometrics (BA) (UK, 4 hours per week, 8 ECTS) Time and location: Monday, 9:45-11:15, HS1
(later on-line) Thursday, 8:00-9:30, HS14
(later on-line) Starts: October 7, 2021 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, 5th edition). The methods are
highlighted in empirical applications using Stata and R. Plan of the course: Assessment is based on three written tests and on
assignments. Dates will be convened
in class: first test will be in November, second test before Christmas, third
test in the last unit in January. No alternative dates for the second
and third tests can be provided. The first test can be taken another time in
January for those who request this before Christmas. Tests carry weights of
35 %, 25%, 25% in the final grade. An additional 20 % of the final
grade can be obtained from occasional homework assignments (each of them
carries 10 % maximum) 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. |
040211 KU Forecasting (MA) (KU, 2 hours per week, 4 ECTS) Time and location: Thursday, 16:45-18:15, HS6
(later on-line) Starts: October 7, 2021 Course description: The course aims at an
understanding of currently used techniques for prediction in empirical
economics. It focuses on the following topics: (1)
General introduction (Aims of forecasting, types of forecasts: technical
extrapolation, time-series forecasts, theory- and model-based forecasts) Plan of the course: A written closed-book test (40%
weight) and a small empirical forecasting project (60%). The empirical
project is elaborated by participants, preferably in small groups of up to
three participants. A positive grade on the course requires taking part in
the test and at least 50% of the maximum achievable score. Reading
list:
- Michael
P. Clements and David F. Hendry: Forecasting Economic Time Series. Cambridge
University Press. |
VO (2 hours per week, 4 ECTS)
Language of instruction: English
Time and
location:
Because of the
current regulations, this course is done virtually (here, they call this
“digitally”).
Starts: October 4, 2021
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
If time constraints are encountered, section 4
will be skipped.