Area Empirical Economics and Econometrics

SUBJECT

In today's information society, more and more findings of economic research as well as corporate decisions are based on the evaluation and interpretation of data. The focus of the internationally oriented Masterarea is the teaching of competences in the fields of economics, statistics and econometrics. The Masterarea thus conveys the understanding of complex economic issues and modeling approaches. At the same time, the statistical-econometric equipment is taught to independently evaluate and interpret economic data responsibly and accurately. The Masterarea thus pursues a multidisciplinary approach and is located at the interface between economics and econometrics and thus offers the best conditions for a later success in professional life.

STRUCTURE MAJOR

CategoryCredit points (ECTS)
Compulsory module5
Elective modules (without seminars)35
Elective modules (seminars)10
Total:50

STRUCTURE MINOR

CategoryCredit points (ECTS)
Elective modules20
Total:20

DETAILED STRUCTURE

The modules have to be taken in semesters 1-3. In the first semester, it is recommended to attend the modules "Advanced Statistics", "Advanced Econometrics" and "Advanced Macroeconomics".  Since all the elective module offers are prospective, changes are possible.

Compulsory module Major / Elective module Minor

Module / Course
LanguageSemesterExamination formCP (ECTS)
Institute
Advanced StatisticsEnglishWinterWritten Examination 60 min5Statistics

Elective modules (without seminars) Major / Elective modules Minor

Module / CourseLanguageSemesterCP (ECTS)Institute
Advanced MacroeconomicsEnglishWinter5Macroeconomics
Advanced Macroeconomics II English Last in Winter 19/20 5 Macroeconomics
Applied Econometrics with Monte Carlo SimulationsEnglish Firtst in Winter 20/215Macroeconomics
Economics of TerrorismEnglishSummer5Macroeconomics
Advanced EconometricsEnglishWinter5Statistics
Computerintensive Statistics English Winter5 Statistics
Financial EconometricsEnglishWinter15Statistics
Multivariate StatisticsEnglishSummer5Statistics
Nonparametric Statistical MethodsEnglishSummer5Statistics
Statistical ProgrammingEnglishSummer5Statistics
Stochastic Processes for Option Pricing English Winter5 Statistics
Time Series AnalysisEnglishSummer5Statistics
Advanced Time Series Analysis English Winter5 Statistics
International Money and Finance I: Monetary Theory and Policy English Winter 5 Money and International Finance
Econometric MethodsGermanFirtst in Winter 20/215Economic Policy

 

 

Elective modules (seminars) Major / Elective modules Minor

Examination form: Seminar Paper

Module / Course
LanguageSemesterCP (ECTS)Institute
Seminar Empirical EconomicsEnglish Summer5 Macroeconomics
Seminar EconometricsEnglishWinter5 Statistics

RESEARCH AND PRACTICAL RELEVANCE

The Masterarea prepares well for a career in research, economic consulting and business. Students in the Masterarea are brought to the margins of current econometric and economic research. The taught concepts are used to solve practical problems. The participating institutes cooperate with numerous companies and the international research community, so that applied content can be included in the lectures and assistance in the organization of internships can be offered.

INTENDED AUDIENCE (RECOMMENDED SKILLS)

The Masterarea Empirical Economics and Econometrics addresses economics-interested students with a tendency towards data-based work. It is aimed at students who want to learn theoretical concepts and let them undergo an empirical examination.

CAREER PROSPECTS

Due to the high demand of econometricians, the job prospects with this Masterarea are outstanding. Empirically oriented economists and econometricians work in addition to research and consulting in almost all major companies. Due to the ever-increasing importance of data analysis in times of high data availability (big data), the competent evaluation of this data is becoming increasingly important in companies as well. The demand for persons with solid empirical-econometric knowledge currently exceeds the supply many times over.