Econometrics helps to estimate the relationships between economic events. We will discuss which
methods we can use to estimate these relationships and what are the underlying assumptions of
The aim of this course is to introduce students to empirical methods in economics. The goals of the
course are to explain (1) which methods one can use to estimate the relationship between economic
events, (2) assumptions of these methods, and (3) how to use these methods.
During the lectures you will learn:
- What are the key concepts in probability and statistics?
- Why and when to use maximum likelihood methods?
- What are the assumptions of the linear regression?
- How to provide hypothesis testing?
- When to use the non-linear regressions?
- What are the assumptions of multiple regressions model?
- How to provide joint-hypothesis testing?
- Why and when to use Bootstrapping?
- Why and when to use Machine Learning?
- Why and when to use Bayesian methods?
During the seminars you will learn:
- How to use statistical package R
- How to work with data sets
- How to provide a statistical analysis
- How to interpret and present your results
Prerequisites: Probability Theory
Preferred previous courses: Statistics, Econometrics, Programming in R
- Review of Probability and Statistics
- Review of Maximum likelihood and Method of Moments
- Review of Linear Regression
- Review of Models with Multiple Regressors
- Machine Learning
- Bayesian methods
- Dozent/in: Igor Asanov