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Friedrich-Alexander-Universität Chair of Statistics and Econometrics WiSo
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  1. Friedrich-Alexander-Universität
  2. School of Business, Economics and Society
Friedrich-Alexander-Universität Chair of Statistics and Econometrics WiSo
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  4. Bayesian Econometrics

Bayesian Econometrics

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Bayesian Econometrics

Information about Impact of Corona Epidemic

We plan to teach this course in-person in the summer term 2022. Please visit the course website on StudOn (available from mid-March) for further information.

Overview

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.

Organization

This course is regularly taught in the summer semester; we block the course over roughly the first 2/3 of the 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 course is worth 5 ECTS which can be earned by passing an oral exam (20 minutes) in July (5./6.).

Syllabus

More information about dates, grading, the software that is used, and the course in general can be found in the syllabus.

Friedrich-Alexander-Universität
Erlangen-Nürnberg

Lange Gasse 20
90403 Nuremberg
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