Einschreibeoptionen

Microeconometrics and Empirical Applications WS 2020/2021

This course is applicable for Master students as "Modul Wirtschaftspolitik II (Economic Policy) - PO 2012 and PO 2015" and  "Grundmodul Wirtschaftspolitik (Economic Policy) - PO 2007" at the Faculty of Business, Ecocomics and Social Sciences.

Written and graded exam covering the entire module will be held every winter semester.

 

LectureTutorial
Date: Tuesday 16:00-18:00Thursday 16:00-18:00
Room: M811M134 - CIP Pool
1st course: 03.11.202005.11.2020


Please note that due to the ongoing COVID-19 pandemic, times, dates and rooms may change. Furthermore, the Lecture is held completely digitally and videos are provided in this moodle course room. At the moment, we plan to offer the Tutorial personally, however, depending on the number of participants we may switch to a digitally solution.

The lecture  “Microeconometrics and Empirical Applications”covers the econometric analysis of individual data, such as households and firms. Students learn how to solve frequently occurringproblems with using microeconomic data. Among other topics, panel data, instrumental variables, limited dependent variables and causality models are analyzed. The accompanying exercise serves the following purposes: students get an introduction to the econometric program Stata and learn how to apply it in practice. The exercise is supplemented by presentations of innovative empirical studies applying the presented methods.


On the one hand, this module aims at providing knowledge of the fundamental econometric models developed for typical problems associated with  microeconomic datasets (individuals, households, firms). Students will gain an understanding of the basic problems associated with different datasets and variables and will be confronted with solutions in representative research papers. On the other hand, students learn how to apply these methods in practice. Participants acquire the necessary skills to conduct their own empirical studies e.g for seminar presentations or master thesis.

The course will be held in English when demanded.

 

Topics:

  1. Introduction into empirical methods and Microeconometrics
  2. Recapitulation of the classical linear regression model
  3. Panel Data Analysis
  4. Instrumental variables for endogenous regressors
  5. Maximum likelihood procedures
  6. Estimation methods for bivariate dependent variables (Logit and Probit)
  7. Estimation methods for multivariate dependent variables
  8. Estimation methods for cebsored and truncated variables (Tobit)
  9. Policy Evaluation

 

Recommended Readings:

  • Cameron, A.C., Trivedi P.K.: Microeconometrics - Methods and Application, Cambridge, 2005
  • Greene, W.H.: Econometric Analysis, 6. Ed., New York, 2008.
  • Maddala, G.S.: Limited-Dependent and Qualitative Variables in Econometrics, Cambridge, 1983.
  • Maddala, G.S.: Introduction to Econometrics, 3. Ed., Chichester u.a., 2008.
  • Ronning, G.: Mikroökonometrie, Berlin, 1991.
  • Verbeek, M: A Guide to Modern Econometrics, 3. Ed., Wiley, 2008
  • Wooldridge, J. W.: Econometric Analysis of Cross Section and Panel Data, Cambridge, London, 2002.

Selbsteinschreibung (Teilnehmer:in)
Selbsteinschreibung (Teilnehmer:in)
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