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Instructors: Dr. Alexander Schmidt
Event type:
Seminar
Org-unit: Corporate Management & Economics
Displayed in timetable as:
Empirical economics
Hours per week:
3
Credits:
6,0
Location:
Campus der Zeppelin Universität
Language of instruction:
Englisch
Min. | Max. participants:
5 | 35
Priority scheme: Standard-Priorisierung
Course content:
In alternating theory parts and practical exercises we will deal with the following topics:
- Linear algebra
- vectors & matrices
- determinant, inverse, linear dependence
- eigenvalues & eigenvectors
- Multivariate calculus
- derivatives
- Taylor series approximation
- Mathematical statistics
- random variables
- distributions
- expectation, variance, and other moments
- Statistical inference
- hypothesis testing
- confidence intervals
- t-test, Wald test
- Complex numbers
Educational objective:
The aim is to provide participants with fundamentals of mathematics, probability theory, and statistics which are particularly important in the following semesters of the Master program. The lecture covers key concepts of mathematics for economics, probability theory, basics of statistical inference, general approaches of parameter estimation (e.g., ordinary least squares) and a summary of matrix algebra (e.g. matrix addition and matrix multiplication, eigenvalues).
Admitted Aids:
Pocket calculator
Mandatory literature:
- Knut Sydsaeter and Peter Hammond. Essential Mathematics for Economic Analysis. Prentice Hall, third edition, 2008
- Knut Sydsaeter, Peter Hammond, Atle Seierstad, and Arne Strøm. Further Mathematics for Economic Analysis. Prentice Hall, 2008
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