Bayesian Econometrics*

Friedrich-Alexander-Universität Erlangen-Nürnberg
LEVEL
Master
TYPE
Course
MODES
-
LANGUAGE
-
ECTS
50
PERIOD
25/04/2022 to 19/07/2022

Course Description

This course is an introduction to Bayesian statistics. It focuses primarily on models­ that are used in economics. The course will give students the theoretical knowledge and practical skills to apply Bayesian techniques in a wide range of empirical applications. We will start with the foundations of Bayesian statistics and then cover estimation of linear and non-linear regression models as well as probit models and Bayesian vectorautoregressions. The course will also cover various numerical methods needed so estimate those models. Students will learn how to practically implement the covered methods using the software R.

Educational-info

ECTS

50

Validation mode

Oral Examination

Organizer

Partner

Friedrich-Alexander-Universität Erlangen-Nürnberg

Faculty

Faculty of Business, Economics, and Law

Department

Statistics and Econometrics

Contact or registration links