Universität Wien

040057 UK Macroeconometrics (MA) (2021S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
DIGITAL

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine

Online Stream:
Montag, 15.00 - 16.30 Uhr
Mittwoch, 15.00 - 16.30 Uhr


Information

Ziele, Inhalte und Methode der Lehrveranstaltung

The course focuses on econometric methods that are used in applications to aggregate macroeconomic data. The course consists of the following main building blocks:
1. Univariate Time Series (ARMA processes, stationarity and unit roots, testing for unit roots, estimation of ARMA, model selection, prediction, autoregressive conditional heteroskedasticity)
2. Multivariate Time Series (Dynamic models with stationary variables, models with integrated variables, spurious regression, cointegration, vector autoregressions, impulse response, vector error-correction models)
3. Macroeconomic Panel Data (dynamic linear panels, panel time series)

Art der Leistungskontrolle und erlaubte Hilfsmittel

The evaluation consists of three components: midterm test (30%), final test (30%), and an empirical project (40%). The empirical project consists of writing a short paper, presenting own results and discussing the results of fellow students. Dropping the course without a grade is possible before the midterm. Passing the course requires both at least 50% of the maximum achievable points and attendance at the midterm test. Dates for tests are convened in class.

Mindestanforderungen und Beurteilungsmaßstab

The course aims at deepening the understanding of econometric methods that are useful in the analysis of macroeconomic data.
By the end of the course, students are expected to have acquired a good understanding of how to analyze univariate and multivariate time series and how to apply this knowledge to macroeconomic data.

Prüfungsstoff

The course comprises 2 lectures of 1.5h per week covering both theory and empirical examples. Slides are made accessible to participants. Econometric methods are highlighted by empirical applications using the software package Stata. Students are asked to prepare an empirical project that is related to the course contents, and to present and discuss their results in the last weeks.

Literatur

Verbeek: A Guide to Modern Econometrics (Wiley, 5th edition), Chapters 8-9, 10.1-10.6.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 03.05.2021 11:07