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43495-01 - Colloquium: Empirical Evaluation of Economic Models (3 CP)
| Semester | spring semester 2016 |
| Course frequency | Once only |
| Lecturers | Conny Wunsch (conny.wunsch@unibas.ch, Assessor) |
| Content | Content: Firstly, students learn how to test underlying model assumptions and model predictions. Secondly, they are familiarized with methods to directly quantify model parameters. Thirdly, students learn how to make model-based out-of-sample predictions, e.g. regarding the effects of policies that have not yet been implemented. Finally, students are familiarized with state-of-the-art methods to conduct normative analyses based on empirically estimated inputs of welfare formulas that have been derived from economic models. |
| Learning objectives | Learning objectives: Most courses either cover economic models or econometric methods for empirical research. This course is located in the intersection between economic theory and empirical research. The objective is to introduce students to different ways to confront economic theory with data from actual behavior. |
| Bibliography | Literature: A reading list and the corresponding papers will be provided on ADAM. |
| Weblink | Weblink to ADAM |
| Admission requirements | Prerequisites: A good understanding of microeconomics and econometrics is required. |
| Course application | Registration: Please enrol in MOnA. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Modul Advanced Field Courses (Doctoral Studies - Faculty of Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | Grading: Written group assignment with presentation in the last lecture. |
| Assessment registration/deregistration | Registration: course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | no repetition |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |