Empirical Research 1 - Interaktive Studienpläne der TU Ilmenau

Mathematics, Statistics

After attending the lectures, students know how to work with simulated as well as real economic data. They are familiar with basic data analysis, regression, testing, forecasting, and they understand how to interpret econometric results. Students understand the basics of a statistical software package used in class and, by attending the interactive tutorials, have the necessary skills to carry out their own empirical research.

In the interactive tutorials, students have learned to work on tasks independently, present them to the group, receive immediate feedback from the tutor and fellow students, and know how to formulate constructive feedback themselves. Based on intensive discussions during the lectures and tutorials, students can correctly assess and appreciate the achievements of their fellow students. They consider criticism and accept advice.  

The objective of this course is to prepare students for basic empirical work. It is a hands-on course. Introduction to Econometrics using Mathematica, Monte-Carlo Simulation, testing consistency and efficiency of estimators, algebra of least squares, least square regression, testing Gauss-Markov assumptions, and Maximum-likelihood estimation.

Slides, online-tutorials, software programming, takehomes

Stock, J. and Watson, M. W. (2003): Introduction to Econometrics, Prentice Hall, New York.
Wooldridge, Jeffrey M. (2012): Introductory Econometrics: A Modern Approach, 5th Ed. South-Western.

The module Empirical Research 1 with the examination number 250011 concludes with the following achievements:

• alternative examination during the semester with a weighting of 50% (examination number: 2500527)
• alternative examination during the semester with a weighting of 50% (examination number: 2500528)

Partial exam performance 1:

50% takehomes plus mid-term paper

Students need to register for the course during the first few weeks of the respective semester at the examination office. The examination office sets the actual deadline for registration. At the beginning of the course, the lecturer informs students about the registration procedure.

Partial exam performance 2:

50% final term paper

Dieses Modul enthält mindestens eine alternative semesterbegleitende Abschlussleistung. Bitte beachten Sie, dass diese in der Regel schon zu Beginn des Semesters, in dem diese angeboten wird, angemeldet werden muss.
Über die Details und Zeiträume dazu werden Sie vom Lehrenden und/oder dem Prüfungsamt informiert. Fragen Sie gegebenenfalls unbedingt beim Lehrenden nach.

This module contains at least one alternative exam part. Please note that this must usually be registered at the beginning of the semester in which it is offered.
The lecturer and/or the examination office will inform you about the details and time periods. If necessary, be sure to ask the lecturer.