# What is a good economic reference

## Econometrics

With the help of econometric methods, economic relationships can be tested and quantified. This is particularly important because the easier access to microdata sets means that the number of empirical studies that evaluate data at household or individual level is increasing more and more. To assess the quality of economic and social science empirical studies that are based on this data and use econometric methods, knowledge of the underlying methods and their assumptions is required.

In this seminar you will receive a practice-oriented introduction to econometrics. You repeat the required statistical knowledge at the beginning of the course in a compact introduction to the elementary basic concepts of statistics. Building on this, the seminar teaches you how to use basic econometric methods. Using suitable application examples and concrete estimation results, you will practice and learn to interpret the results of econometric estimates in a meaningful and appropriate manner. The applications come from microeconometrics. Time series methods are dealt with in the "Basic Techniques II" seminar.

This seminar is part of our econometrics qualification program.

- Simple regression analyzes: variance, covariance, expected value, correlation coefficient, Gauss-Markov conditions, undistorted, consistent and efficient estimator, least squares method, hypothesis test, level of significance, confidence interval, t-test
- Multiple regression analysis: dummy variables, problem of missing variables, multicollinearity

- They reduce any inhibitions against statistical-econometric methods.
- Using PC demonstrations and practical examples, you will learn to interpret the results of econometric estimates in a meaningful and appropriate manner.
- You acquire the ability to criticize empirical studies with a minimum of formal tools.

Speakers and experts from ministries, administration and companies as well as journalists who deal with the interpretation of empirical studies on topics relevant to economic policy

Knowledge of mathematics or statistics at the level of basic or Bachelor lectures in economics

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10/18/2012 - 10/19/2012 | Day 1: 10:00 a.m. - 6:00 p.m., Day 2: 9:00 a.m. - 5:00 p.m.

This seminar will probably take place again in the next seminar season.

Leibniz Association, Berlin office

Chausseestrasse 111 10115 Berlin

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