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Studies at the Chair of Quantitative Methods, esp Econometrics

Econometrics arose from economics and is concerned with the analysis of economic models and data using statistical methods.

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Key Topics at a Glance

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Keyword: Econometrics

The econometrician avails himself of economic statistics surveys and the data or observations that arise thereby. These are then modelled by computer using statistical methods. It is possible to study econometrics as a subject at any large university in Germany with a faculty of economics. Successful completion requires not only basic economic knowledge, but also an understanding of mathematics and a certain facility in using computers. It should be noted that a large percentage of Nobel prizewinners in economics come from the field of econometrics, such as Ragnar Frisch (Norway) and Jan Tinbergen (Netherlands), the first prizewinners in 1969. Other prizewinners include Lawrence R. Klein (USA) in 1980, James J. Heckman (USA) and Daniel L. McFadden (USA) in 2000 and Robert F. Engle (USA) and Clive W. J. Granger (Great Britain) in 2003.