| Detailed information |
| Pre-requisites |
(*)Fach Einführung in die Betriebswirtschaftslehre, Fach Einführung in die Volkswirtschaftslehre und Fach Kernkompetenzen I aus Volkswirtschaftslehre
ODER Zulassung zum Masterstudium Economic and Business Analytics
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| Original study plan |
Bachelor's programme Business and Economics 2021W |
| Objectives |
The aim of the course (KS) Intermediate Econometrics is to provide students with an understanding of simple econometric models and to equip students with the ability to undertake, understand and critically assess empirical work. The focus of the course is on econometric theory; the focus of the accompanying intensifying course (IK) Intermediate Econometrics is on applications. Attending the intensifying course in the same semester as the course is highly recommended.
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| Subject |
Students will gain a deeper insight into multiple linear regression models and will learn how to apply these models to economic data.
- Multiple Linear Regression
- Model specification
- Binary variables
- Sources and consequences of endogeneity
- Basic regression analysis with time series data
- Basic regression analysis with panel data
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| Criteria for evaluation |
Two short tests on the reading assignments will be given during the semester. On each test, students can achieve a maximum of 20 points. The higher score will count towards the final grade. At the end of the semester, there will be a final exam with a maximum of 100 points.
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| Methods |
Before class, students should read the relevant chapter(s) in the textbook. In class, we discuss the material thoroughly.
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| Language |
English and French |
| Study material |
Wooldridge, Jeffrey M. (2013): Introductory Econometrics: A Modern Approach, South-Western Cengage Learning, 5th edition (or 4th edition, 2008).
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| Changing subject? |
No |
| Further information |
Ideally, students should have basic knowledge in statistics and econometrics (see, for example, Appendix A-C and Chapters 1-4 in Wooldridge (2013)). The course (KS) Empirische Wirtschaftsforschung (offered every winter semester) equips students with this knowledge. The main target group are students enrolled in the Bachelor program Business & Economics who aim to specialize in either Economics, or Management and Applied Economics. Students of other areas of specialization, or enrolled in other degree programs who are interested in empirical methods are most welcome.
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| Corresponding lecture |
(*)572ECTMECOK15: KS Econometrics I (4 ECTS)
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