Compulsory Modules
In Econometrics students build upon already established knowledge of fundamental econometric methods, learn about concepts of modern microeconometric methods during lectures, and independently become acquainted with state-of-the art methodology by studying the recommended literature, are able to use STATA to work problem, and goal-oriented and analyze real world problems independently
Contents include: Regression fundamentals and identification - Instrumental Variables - Panel data - Nonstandard standard error issues - Limited dependent variables and probability models - Advanced methods like difference-in-difference and regression discontinuity design
With Microeconomic Analysis, EPA students acquire an analytical understanding of the determinants of individual decisions, develop a thorough understanding of the consequences of decentralized decision-making for individual and firm behavior in partial equilibrium models, and analyze the existence, stability and efficiency properties of general equilibria.
Contents include: Preference Relations and Utility Functions - Duality - Uncertainty - Production Technology and Profit Maximization - Cost Minimization and Cost Functions - General Equilibrium Analysis and Welfare
In the module Macroeconomic Analysis students acquire knowledge of the empirics of growth and business cycles, develop a thorough understanding of the basic models of economic growth, be able to identify the sources and amplifiers of aggregate fluctuations, and are empowered to study macroeconomic models independently and self-reliantly.
Contents include: Empirical evidence on long-run growth - Growth theory with exogenous technical progress - Long-run unemployment - Empirical evidence on business cycles - Consumption theory - Asset Pricing and investment - Monetary Policy