Information about Impact of Corona Epedemic
We currently don’t have sufficient information to tell you in which format we will teach during the summer term. Please do not write/call us at the moment. As soon as we have enough information to decide about possible teaching formats for the time after April 20, we will let you know.
This course is an introduction to Bayesian statistics. It focuses primarily on models that are used in economics. The course will give students the theoretical knowledge and practical skills to apply Bayesian techniques in a wide range of empirical applications. We will start with the foundations of Bayesian statistics and then cover estimation of linear and non-linear regression models as well as probit models and Bayesian vectorautoregressions. The course will also cover various numerical methods needed so estimate those models. Students will learn how to practically implement the covered methods using the software R.
At the end of the course, students can use the covered methods on their own and will understand academic papers that use Bayesian methods for empirical analyses. They will also be able to recognize and apply Bayesian reasoning in various contexts.
This course is regularly taught in the summer semester. The course language is English. The course can be used as a module for the following Master programs:
- Master in Economics
- Master in Marketing
- Master in Finance, Auditing, Controlling, Taxation (FACT)
- Master in Labour Market and Human Resources
- Master in Socioeconomics
The course consists of weekly lectures (2 SWS) and exercise sessions (2 SWS). The latter focus primarily on the implementation of econometric methods in R. The lectures are taught by Prof. Dr. Jonas Dovern and the exercise sessions are organized by Daniel Perico.
The date for the oral exam at the end of the summer semester 2020 is July 14, 2020.
The course is worth 5 ECTS which can be earned by passing an oral exam (20 minutes) at the end of the semester.
More information about dates, grading, the software that is used, and the course in general can be found in the syllabus.