Method (hours per week): lecture (2) + tutorial (2)
Course level: Bachelor
Course language: German
Prerequisites: Statistik I + II
Examination: written, 90 minutes plus 2 exercises (take-homes)
The course provides an introduction into the basic econometrics methods. It covers the multiple regression model, the OLS estimator and its properties, basic principles of asymptotic theory, omitted variable bias, hypothesis testing, model specification, selection and diagnostics, perfect and imperfect multicollinearity, nonlinear models and instrumental variable estimation. The theoretical properties of the methods are discussed and their application is demonstrated via empirical illustrations. The course is accompanied by a tutorial covering theoretical as well as empirical exercises.