Courses

Instructor:
Tuesday,
08:30am to 10:00am
at HU Berlin, Spandauer Straße 1, Room 202
Tuesday,
02:15pm to 03:45pm
at HU Berlin, Spandauer Straße 1, Room 22
Description:

Single-equation regression (OLS and 2SLS), Wald estimator and LATE, system estimation, panel regression, robust standard errors, LM-Tests, maximum likelihood, binary response models, limited dependent variables models, selection models, selected semiparametric methods such as nonparametric regression, partially linear models, or quantile regression.

Literature:
Wooldridge, J.M. (2010): "Econometric Analysis of Cross Section and Panel Data", 2nd. ed., MIT Press.
Further literature will be announced in the course.

Time and venue:
Tuesdays, 8:30-10, Spandauer Straße 1, room 202
Tuesdays, 14-16, Spandauer Straße 1, room 22 (Individual dates are held in room 25 (PC-Pool).)

Exam:
Written exam (90 min)

Credits:
9.00
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Instructor:
Friday,
08:30am to 12:00pm
at DIW, Mohrenstraße 58
Wednesday,
08:30am to 12:00pm
at TU Berlin, main building, Straße des 17. Juni 135, lecture hall H 3003A
Description:

Lectures by A. Kriwoluzky:
This class covers the essentials to estimate DSGE models with Bayesian methods. We start by deriving the state-space form of a DSGE model. In a next step, we introduce the Kalman Filter, a very useful tool to extract unobserved components from time series or to evaluate the likelihood of a DSGE model. The exercise classes will apply the simple New Keynesian model to extract monetary policy shocks.
Equipped with the basics, we start exploring the Bayesian way to estimate models. More precisely, we will introduce the Prior and the Posterior distribution of parameters. Students will learn how to evaluate the Posterior distribution numerically using different sampling algorithms. In the exercise class, we discuss how a Bayesian model can be employed to forecast economic variables.
The final part will see the introduction of the Dynare software package that is usually used to solve and estimate DSGE models. After the introduction of the basic setup of a Dynare file, we will put Dynare to work. Finally, we aim to consider complex models such as the Smets and Wouters model (2007, AER).

Lectures by F. Heinemann:
This part of the course covers topics such as determinacy of the price level, bubbles, equilibrium multiplicity, strategic uncertainty, and current limits of DSGE models. More information will be provided here.

Literature:
Will be announced during the lectures.

Time frame (date of first and last class):
- Lectures by A. Kriwoluzky: April 12 till May 15 on the following days: April 12, 17, 24 & May 10, 15
- Lectures by F. Heinemann: every Wednesday from May 22 to July 10 (except July 3)

Time(s):
- Lectures by A. Kriwoluzky: 8:30 – 12:00
- Lectures by F. Heinemann: 8:30 – 12:00 (with a break at 10:00)

Location(s):
- Lectures by A. Kriwoluzky: DIW Berlin, Ferdinand-Friedensburg Room (April 12) & Room 3.3.002c (remaining dates)
- Lectures by F. Heinemann: TU Berlin, Main Building, lecture hall H 3003A

Exam:
Midterm and final exam

For more information please also see the attached syllabi.

Credits:
9.00
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Instructor:
Monday,
12:15pm to 03:45pm
at Various locations: ESMT, FU, HU
Thursday,
12:15pm to 01:45pm
at HU Berlin, Spandauer Straße 1, Room 203
Description:

The intention of the course is to familiarize students with the standard tool of modern economic theory and to train them in applying these tools to actual economic problems. It is particularly devoted to market failures and welfare economics. The first part (Part III in MWG) outlines properties of competitive markets and welfare analysis in a partial equilibrium context. It then focuses on the three classical conditions under which market outcomes lead to an inefficient allocation of resources: externalities, imperfect competition and asymmetric information. The second part (Part V in MWG) addresses fundamental issues of welfare economics from the perspective of a policy maker who designs and implements collective decisions. It focuses in particular on social choice theory, the foundations of bargaining and welfare economics, and mechanism design. The course addresses these issues both from a positive and normative perspective.

Literature:
Mas-Colell, Whinston, and Green (1995), Microeconomic Theory (MWG), Part III and Part V

Time and venue:
Lectures: Mondays (except for April 11), 12.15 - 3.45 pm
April 8, 11, 29, May 6: ESMT Berlin, Schloßplatz 1, Room 00.17 (29.04.), Bookshop (06.05.)
May 13, 20, 27, June 3: FU Berlin, Garystraße 21, lecture hall 108a
June 17, 24, July 1, 8: HU Berlin, Spandauer Straße 1, room 203

Exercises: Tianchi Li, Thursdays, 12 - 2 pm, HU Berlin, Spandauer Straße 1, room 203

Final exam:
tba

Credits:
9.00
Click here to get more information or to sign up
Instructor:
Thursday,
09:00am to 12:00pm
at ESMT, Schlossplatz 1
Description:

Management Science II

Please see syllabus and schedule attached

Part 1:
Instructor: Henry Sauermann
Topic: The organization of science

Part 2:
Instructor: Linus Dahlander
Topic: Creativity and Innovation

Part 3:
Instructor: Stefan Wagner
Topic: Innovation, intellectual property rights and the market for technology

Credits:
9.00
Click here to get more information or to sign up
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