Veranstaltungen
Exercise
International Capital Movements: Theory and Econometric Evidence
- Name in diploma supplement
- International Capital Movements: Theory and Econometric Evidence
- Organisational Unit
- Lehrstuhl für VWL, insb. Internationale Wirtschaftsbeziehungen
- Lecturers
- Prof. Dr. Volker Clausen
- SPW
- 2
- Language
- English
- Cycle
- summer semester
- Explanation for irregular cycle
- das Modul wird regulär jedes SS angeboten, fällt aber im SS 2017 einmalig aus
- Participants at most
- no limit
- Participants
Preliminary knowledge
See lecture.
Abstract
The tutorial class provides students with practical knowledge about the econometric analysis of the determinants of international capital movements, of the determinants describing exchange rate movements, and of the functionality of international financial markets.
Qualification Targets
Students
- are able to verify the models empirically
- are in a position to interpret estimation results and analyze them critically
- have learned how to implement empirical studies independently. Due to the close link between theory and practice in the tutorial class, students are also well-prepared to meet a wide range of requirements of professional practice
- can evaluate scientific studies accurately and are in a position to identify starting points for their own empirical research
- are proficient in the econometric methods necessary to evaluate relevant economic models and are able to apply these methods independently as well as to identify their weaknesses
Contents
See lecture.
Literature
See lecture.
Teaching concept
The lectures are complemented by a practical, computer-based tutorial class that makes frequent use of econometric software, in particular Econometric Views (EViews). Thereby, various techniques of econometric analysis are employed. By utilizing the original datasets taken from scientific literature and from studies conducted by the German central bank, empirical results are replicated and subjected to a sensitivity analysis with respect to their content and methodology. Besides imparting fundamental theoretical and empirical knowledge, the main goal of the course is to introduce students to conducting their own scientific research in the field of international capital movements. Finally, students are taught how to work with scientific analysis software.