| Detailed information |
| Pre-requisites |
(*)KS Statistik für Sozial- und Wirtschaftswissenschaften
ODER die Zulassung zum Masterstudium Economic and Business Analytics
ODER die Zulassung zum Masterstudium Wirtschaftsinformatik
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| Original study plan |
Bachelor's programme Economics and Business 2020W 2020W |
| Objectives |
The course (KS) Empirical Economics is an introduction to Econometrics. Parallel to this course, students should also attend the intensive course (IK) Empirical Economics. The combination of both courses initially aims to support students in developing skills for empirical work. Here, the focus is on the intuition of empirical approaches, and the recognition of the range and limits of empirical methods as a basis of data-driven decisions. After completing the two courses, students will be familiar with the technical vocabulary and be able to independently conduct empirical (econometric) research. These skills are not only required for economic analyses, but are also valuable in business practice or for assessing policy measures. In a further step, students learn to formulate their (own) research hypotheses, to collect useful data, and to interpret empirical results. The IK offers an introduction to the statistical/econometric software package STATA. The course(s) are primarily aimed at students of economics and business analytics, but also at students of other programs who are interested in empirical approaches and methods.
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| Subject |
- Statistical fundamentals
- Estimation and testing
- Data
- Descriptive analysis - selection
- Linear regression model
- Multivariate linear regressions
- Introduction to causal identification
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| Criteria for evaluation |
Grading: There will be a final exam at the end of the semester.
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| Language |
English |
| Study material |
Presentation slides provided via Moodle
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| Changing subject? |
No |
| Further information |
Only basic knowledge in statistics and mathematics is required. Understanding of simple economic theory is an advantage.
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