Students are familiar with multivariate data analysis by means of Linear Models. The module starts with a discussion of regression analysis in the basic linear model. Then, binary choice models are analyzed. Furthermore, the module covers particular concepts of time series econometrics.
The lecture deals with special topics in econometrics. Students are familiar with the particular methods discussed and know how to apply the approachesto real data. They are able to interprete estimates and test results correctly.
The aim of the teaching is to provide students with an adequate set of quantitative methods that will enable them to prepare independent empirical analyses and to reflect on and critically assess quantitative procedures. Students should actively engage with the question of which methods are appropriate and - more importantly - the limitations of the methods used in order to avoid "overinterpretation" of the results.