Jan-Egbert Sturm: Catalogue data in Spring Semester 2019

Award: The Golden Owl
Name Prof. Dr. Jan-Egbert Sturm
Professur f. Wirtschaftsforschung
ETH Zürich, LEE G 305
Leonhardstrasse 21
8092 Zürich
Telephone+41 44 632 50 01
DepartmentManagement, Technology, and Economics
RelationshipFull Professor

363-0570-00LPrinciples of Econometrics
Prerequisites: previous knowledge in economics.
3 credits2GJ.‑E. Sturm, A. Beerli
AbstractThis econometrics course focuses on regression analysis. It covers fundamental methods of cross-sectional, time series, and panel data analysis.
ObjectiveThis course provides an introduction to fundamental econometric methods. An equal emphasis is placed both on theoretical understanding and on applying methods to real-world problems.
ContentThis course is intended for students who are interested in econometrics and have already taken introductory course in economics (e.g. the course "Principles of Macroeconomics". Econometrics stands for the application of some specific statistical methods to the field of economics. In econometrics, the starting point is a theoretical model explaining some aspect of the economy. This model is compared with the available statistical facts about the economy. Econometrics uses statistical tests to tackle various questions, including: How well or badly does the model fit the observed facts? Does any other available model fit them any better? In any model, how large is the estimate of the effects of one variable on any other, and how reliable is the estimate? How far into the future, and with what degree of reliability, can the model predict any variable of interest?
LiteratureWooldridge, Jeffrey M. (2016), Introductory Econometrics : A Modern Approach, 6th Edition. ISBN 130527010X | 9781305270107
363-0584-00LInternational Monetary Economics3 credits2VJ.‑E. Sturm, J. Kingeski Galimberti
AbstractWhat determines the foreign exchange rate in the short- and long-term? What are the effects of monetary and fiscal policy in an open economy? What drives a country's choice of the foreign exchange rate regime and why are some countries more prone to financial crises than others? A number of simple theoretical frameworks will be developed that allow us to discuss recent economic policy issues.
ObjectiveThe core objective of the course is to develop simple macroeconomic models of open economies that can be usefully applied to international economic phenomena ranging from global financial imbalances, the Chinese exchange rate regime, the European Monetary Union, reform proposals for the international financial architecture, to global financial crises.
Lecture notesLecture notes will be made available via Moodle.
LiteratureKrugman, Paul, Maurice Obstfeld and Marc Melitz (2019), International Economics, Theory and Policy, 11th Global Edition, Pearson.
364-1015-00LKOF-ETH-UZH International Economic Policy Seminar (University of Zurich)
No enrolment to this course at ETH Zurich. Book the corresponding module directly at UZH.
UZH Module Code: DOEC0584

Mind the enrolment deadlines at UZH:
2 credits1SP. Egger, J.‑E. Sturm
AbstractIn this seminar series, which is held jointly with Prof. Dr. Woitek and Prof. Dr. Hoffman from the University of Zurich, distinguished international researchers present their current research related to international economic policy. The participating doctoral students are expected to attend the presentations (bi-weekly). Moreover, a critical review has to be prepared for 1 of the papers presented
ObjectiveOn the one hand, participating students are exposed to research at the frontier of international economic policy research. On the other hand, skills such as critical thinking and preparing reviews are learned.
364-1026-00LIdentification and Causal Inference3 credits2VJ.‑E. Sturm, S. Pichler, M. Siegenthaler
AbstractMost policy relevant research questions in the social sciences face the same challenge: How can we identify a causal impact of one variable on another when we cannot use a controlled experiment? This course will teach program evaluation methods for causal analysis based on non-experimental (i.e. observational) data, derive the underlying theory and discuss recent applications.
ObjectiveThe main objective of this course is to make PhD students familiar with program evaluation methods such as Difference-in-Differences/Event Study estimations, Instrumental Variables Estimators, Regression Discontinuity designs and Matching Methods. The course will cover the underlying theory, illustrate the connection to classical regression analysis, show how these different methods relate to each other and how they differ in terms of the required identifying assumptions as well as data needs. Recent research papers will be discussed to illustrate their use. The course has an applied focus. The goal is to place students in the position to have a broad toolkit of quasi-experimental methods and to apply these methods in their empirical research.
Lecture notesWe will provide printed slides at the beginning of each lecture.
LiteratureLecture notes will be provided and course will also draw on recent research papers. No specific textbook is required.
860-0013-00LPolitical Economy
Prerequisite: An introductory course in Economics is required to sign up for this course.
3 credits2VJ.‑E. Sturm, V. Eichenauer
AbstractThis course takes incentives of politicians into account to form a better understanding of the formation of policy and the role of different political institutions in shaping economic policy.
ObjectiveIn principles courses of economics, the functioning of markets and ways in which the government can shape and influence are discussed. The implicit assumption thereby is that the government will act in the interest of society at large. This course takes incentives of politicians into account to thereby form a better understanding of the formation of policy and the role of different political institutions in shaping economic policy.
The course will thus provide you with a critical understanding of the institutions and decision-making processes commonly found at the national and international level. We will discuss quantitative research papers that analyze the effects of institutions and past policies. The focus thereby is on how the interplay between democratic institutions and self-seeking individuals, lobby groups, and parties determines the degree of redistribution in a society. This course will also improve your understanding of the theoretical approaches, that policy-makers frequently apply to analyze societal problems.
Prerequisites / NoticeAn introductory course in Economics is required to sign up for this course.