Compulsory Modules
With the course Econometrics, EPA students shall 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 shall 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
With Macroeconomic Analysis, EPA students shall 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