In the core area of the master program in Public Economics, among others, students must mandatorily complete the course Applied Microeconometrics. To complete the course successfully, an in-depth knowledge in econometric basics and experience with the statistical software Stata are essential.
Students who have acquired only little or no knowledge in econometrics during their undergraduate studiesare advised to attend the course Applied Microeconometrics in the third semester, not in the first semester. That way, they gain time to acquire the necessary knowledge in econometrics by studying on their own or by attending other econometric courses offered at Freie Universität Berlin.
- Self-study: For basic knowledge in econometrics, we recommend the standard textbooks Wooldridge (Introductory Econometrics), Angrist and Pischke (Mostly Harmless Econometrics) and Hill et al. (Principles of Econometrics). First experience with Stata can be gained, for example, by working through the discussion paper by Pfaff (A brief introduction to Stata with 50 + basic commands). Stata is installed on the computers in the computer lab of the Department of Business and Economics and can be used free of charge.
- Courses: In addition to this self-study, we recommend attending the master course Advanved Econometrics during the first semester. The course may be credited in the elective field Macroeconomics and Public Policy.