Course Curriculum

Winter Term

During winter term of the first year, doctoral students will take the following core courses:


Preparatory Math Course

The Preparatory Math Course provides the general background in mathematics and statistics necessary for the first year courses and for research related work in economics in general. It is aimed to give a brief overview of the main concepts and methods used in economics research. Topics include calculus, analysis, matrix algebra, probability, statistics and others.Outline

Textbooks: Chiang & Wainwright (2005), De la Fuente (2000), Hamilton (1994, Appendix), Judge, Hill, Griths, Lutkepohl & Lee (1988), Lucas, Stokey & Prescott (1989, Chapter 3), Mas-Colell, Whinston & Green, (1995, Appendix), Simon & Blume (1994)


Advanced Microeconomics

Advanced Microeconomics deepens modern duality concepts in the analysis of consumer and producer behavior and welfare economics as well as many game theoretic concepts and links them to market analysis (incomplete competition), market design (auctions), markets under incomplete information (moral hazard, adverse selection), and elaborates on microeconomic decision theory (dynamic programming, decision under uncertainty, etc.).

Textbook: Mas-Colell, A., M. Whinston and J. Green, "Microeconomic Theory"


Econometric Methods

Econometric Methods starts with a review of basic regression analysis in the context of single equation linear models, and continues with stochastic regressors and simultaneous equation models. Estimation methods like generalized least squares, instrumental variables, generalized methods of moments, maximum likelihood techniques, two and three step least squares will be introduced. While the first part focuses on methodological foundations and time series methods, the second part discusses methods for the analysis of cross section and panel data. The aim is to equip students with skills allowing them to carry out independent empirical research.

Textbook: Greene, W., "Econometric Analysis"


Advanced Macroeconomics

Advanced Macroeconomics addresses recent developments in macroeconomic theory including monetary and international economics and models for endogenous growth. Special focus is given to dynamic optimization.

Textbooks: Ljungqvist, L. and T. Sargent, "Recursive Macroeconomic Theory"
Gali, J., "New Perspectives on Monetary Policy, Inflation, and the Business Cycle"
Gali, J. and P. Rabanal, "Technology Shocks and Aggregate Fluctuations: How Well Does the Real Business Cycle Model Fit Postwar U.S. Data?"


Economic Policy

The Economic Policy course is presented by DIW researchers from different departments and serves to introduce the students to the institute’s research areas. It includes theory lessons as well as practical hand-on sessions, for example in SOEP data analysis. All students are requested to attend this course.

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Summer Term

In the second term students can choose from the following list of courses. In addition either a Microeconometrics or a Macroeconometrics course has to be chosen.


Microeconometrics / Macroeconometrics

The course Microeconometrics will be chosen from the manifold lectures in this field offered by the cooperating universities in Berlin. While the curriculum depends on the specific course and year, the lecture typically provides an in-depth introduction to eocnometric models for cross section and panel data. Topics may include linear and non-linear models for panel data, discrete-choice analysis, censored regression and duration models and self-selection models.

As with Microeconometrics, Macroeconometrics will be chosen from the range of courses offered by Berlin universities. It typically provides an in-depth introduction to the application of econometric techniques to macroeconomic issues. Topics may encompass univariate and multivariate time series techniques, including structural autoregressive models, the concepts of integration and cointegration, and error correction modeling. In addition, ARCH models can be topic of this course, as they are of special importance in the analysis of financial markets.


Two Field Courses

Students choose two additional courses out of the broad programs offered by the three cooperating universities in Berlin. The courses must be at master or doctoral level and fit well to the students' research interests. Whether the courses of your choice qualify to be part of the GC curriculum hinges on their academic level, the specific course syllabuses and your motivation. All BDPEMS-courses automatically qualify for the GC program.


Internship

One or two internships at high-level political or research institutions in Germany or abroad allow students to develop an in-depth, practical understanding of what it means to work in applied economic research. These internships can be with institutions anywhere in the world and should last between 6 and 26 weeks. They can also be conducted during later years. For international internships, the Graduate Center may provide financial support to cover travel and living expenses.

Recent students did their internships with institutions like the IMF, World Bank, OECD, ECB or the European Bank for Reconstruction and Development (EBRD).

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