In our research methods of economics are used in other research fields, as well as methods of other research fields are used for solution of problems in economics. In result there are many connections to other sciences, especially law, educational science, information technology and engineering science.
Statistics in Practice
Our research considers not only methodical-theoretic aspects, we always deal with the applicability of methods and research results. Which characteristics need methods to be applicable in certain fields? Which "assumptions " are fulfilled in reality and which consequences for application of methods result by that? Are there any legal or other regulations, which need a method to comply with?
The research at the professorship of Empirical Economics and Applied Statistics aims at answering topical problems in business and economics by using state-of-the-art quantitative methods. In particular, we focus on developing and applying time series approaches to financial risk management.
Our research is open to interdisciplinary topics and approaches. In one of our current projects, we explore wether basical statistical knowledge and quantitative skills might help lawyers and judges to improve on the quality of consistent case-law. We identify relevant methods and develop teaching programs based on subject related didactic concepts.