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Humboldt-Universität zu Berlin -

Bachelor Courses in English Winter Term 2018/19

This page is just an unofficial excerpt from the course list for winter term 2018/19. It was changed last on July 10th, 2018 and does not claim correctness or completeness. Please always check the current course lists for updates.

This page is just an unofficial excerpt from the course list for winter term 2018/19. It was changed last on July 10th, 2018 and does not claim correctness or completeness. Please always check the current course lists for updates.

You can find detailed information and the schedule in the course list:




  1. Business Administration: Lectures
  2. Business Administration: Seminars
  3. Economics: Lectures
  4. Economics: Seminars
  5. Quantitaitve Methods: Seminars


Business Administration: Lectures (no registration required)


1) Financial Economics for Citizens (701139)
  • Lecture+Tutorial (4 hours/week)
  • Prof. Stomper

This course is based on a series of lectures regarding the functions of financial markets in society. We will start with some lectures regarding the history of financial markets. Then, we will turn to a non-technical introduction to modern finance theory. Based on a solid understanding of the theory, students will be able to interpret information revealed by financial markets and to recognize common abuses of such information in policy-making. The last part of the course concerns the interaction between finance and politics, i.e. how legislation and regulation directly influence the structure of financial markets and how players in these markets intervene in the political process to create or modify legislative and regulatory outcomes.

Students will participate in economic experiments that are supposed to illustrate the fragility of financial markets. Besides participating in the experiments, students will also learn to prepare experiments, to guide participants who are not economists, and to lead discussions regarding financial markets.

A component of the exercise is an ungraded presentation (20 min) and discussion.


  • Bernstein, P., 1992, Capital Ideas: The Remarkable Origins of Modern Wall Street, Free Press. Bernstein, P., 2007, Capital Ideas Evolving, John Wiley & Sons.
  • Fourcade, M., 2009, Economists and Societies, Princeton University Press.
  • MacKenzie, D., 2006, An Engine, not a Camera: How Financial Models Shape Markets, MIT Press. McCarty, N., K. T. Poole, and H. Rosenthal, 2013, Political Bubbles, Princeton University Press.
  • Mian, A., and A. Sufi, 2014, House of Debt, University of Chicago Press.

Examination: Written exam (60 min)

2) Financial Derivatives
  • Lecture+Tutorial (4 hours/week)
  • M. Bruche

Financial derivatives are a key part of modern finance. This course provides a discussion of how they are structured, priced, and used to transfer risks in financial markets.
Upon completion of the module, students will be familiar with how standard financial derivatives such as futures, forwards, and options are structured and how they are used in risk management. They will be able to apply standard pricing methods such as the binomial model and the Black-Scholes model, but will also develop a critical understanding of the derivatives business and its role in financial markets and society.
Topics: Payoffs and structure of futures, forwards options. Use of futures, forwards, and options in hedging. Binomial model, the Black-Scholes Model. The role of the derivatives business. Exercises in topics of Derivatives

Examination: Written exam (90 min)

3) Behavioral Finance and Asset Pricing (701138)
  • Lecture+Tutorial (4 hours/week)
  • M. Kasch

This course introduces the students to the behavioral finance view on asset pricing. The course starts with a discussion of the foundations of the efficient markets hypothesis and then focuses on theoretical and empirical challenges faced by this hypothesis. The topics covered in the course include noise trading, investor sentiment, limits to arbitrage, overreaction and underreaction to news, excess volatility, return predictability, market booms and busts, historical/institutional trends in market development. A component of the course is an ungraded 15-20 minutes presentation by the students.

Prerequisite: Grundlagen der Finanzwirtschaft I & II (Investition und Finanzierung + Investmentanalyse und Portfoliomanagement)

Literature: Andrei Shleifer, 2000, Inefficient Markets. An Introduction to Behavioral Finance, Oxford University Press. Robert Shiller, 2015, Irrational Exuberance, Princeton University Press, Third Edition.

Examination: Written exam (60 min)


Business Administration: Seminars (registration required!)


1) Seminar Empirical Research in Finance (englisch) (701143)
  • Seminar (2 hours/week)
  • B. Mariano
  • Registration: Please register in the first two sessions

This seminar prepares the students for independent empirical research in the field of finance. The course starts with a discussion of important questions and challenges facing the modern research in finance. The main part of the course focuses on the practical issues of carrying out an empirical research project, including the development of a research question, review of the literature,
collection and processing of data, econometric analysis, and writing an empirical paper. The students will carry out an independent empirical analysis in the area of asset pricing, present their results and write a related seminar paper. The presentation will not be graded. The course lays a foundation for writing a bachelor thesis in empirical finance.
Max. 20 participants, Registration in the 1st and 2nd lesson.

Examination: Term paper


2) Seminar Innovative Entrepreneurship (70638)
  • Seminar (2 hours/week)
  • Prof. Schade
  • Registration: Please register via the registration form on the website of the Chair of Entrepreneurial and Behavioral Decision Making by 15 September 2018.

This course equips students with a deeper knowledge of selected aspects of the field of economics of entrepreneurship (i.e. this might cover the personality of the entrepreneur, gender aspects of entrepreneurship, macro- or microeconomic aspects of entrepreneurship). Students understand the fundamental requirements of working scientifically. Thereby, they have acquired the following basic skills: to conduct a scientific literature search, to write a scientific seminar paper, to critically evaluate and discuss their research with the audience. A component of the seminar is an ungraded presentation and discussion.

Max. number of participants: 20

Examination: Term paper


Economics: Lectures (no registration required)


1) Monetary Economics (70881)
  • Lecture+Tutorial (4 hours/week)
  • Prof. Weinke

Micro-founded dynamic general equilibrium models have become the standard tool for macroeconomic analysis. This course will provide an introduction into these models and how to work with them. Our baseline New Keynesian model features sticky prices combined with monopolistic competition. That framework has emerged as a powerful tool for monetary policy analysis. Its adoption as the backbone of medium-scale models currently developed by central banks and policy institutions is a clear reflection of its success. Unfortunately, this success has not (yet) inspired anybody to write a textbook which introduces that material to undergraduate students. That's a pity, but this course provides a nice opportunity to learn about the most recent developments in the field of monetary economics in a way that is appropriate for undergraduate students. Related to this, I should also mention that the references mentioned below go (slightly) beyond the level of this course.

  1. Why Are Economic Models Useful?
  2. The New Keynesian Model and its Empirical Relevance.
  3. Welfare Based Evaluation of Monetary Policy.
  4. Macroeconomic Stability and Monetary Policy.
  5. Rules vs. Discretion.
  6. Optimal Monetary Policy under Discretion.
  7. Optimal Monetary Policy under Commitment.
  8. Monetary and Fiscal Policy.
  9. Financial Frictions.
  10. Wrapping It Up.


  • Clarida, Richard, Jordi Galí, and Mark Gertler (1999): "The Science of Monetary Policy: a New Keynesian Perspective", Journal of Economic Literaturee, 37(4), 1661–1707.
  • Galí, Jordi (2008): Monetary Policy, Inflation and the Business Cycle, Princeton University Press.

Examination: Written exam (90 min)


Economics: Seminars (registration required!)


1) From Paul A. Samuelson to Elinor Ostrom - History of Economic Thought in the 20th Century (7010910)
  • Seminar (2 hours/week)
  • A. Vogt
  • Registration: Application deadline: 01.09.2018 - 22.09.2018 via Email to vogt@mpiwg-berlin.mpg.de

The seminar "History of Economic Thought in the 20th century" has the focus on the work of economists and mathematicians, who were awarded with the Nobel Prize in Economics, i. e. the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. We will study some economic theories from a historical perspective by investigating significant publications of some of the 76 Laureates between 1969 and 2015. Furthermore, the development of mathematical and statistical methods which became important tools,will be discussed. Active participation is desired; the seminar is for students who are interested in history of economics and mathematical economics.
First, we will sketch the background of the history of economics in general until the present. Second, we will investigate the history of the Nobel Foundation, its Prizes, and the establishment of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Between 1969 and 2015 the Prize has been awarded 47 times to 76 Laureates from different countries and various special fields. Third, we want to study some work of these scholars which contributed to economic thought, by developing either economic theories or special methods for a better understanding of micro- and macroeconomics or using mathematical methods and tools. The exceptional role of mathematics, the close connections between economic theories and mathematical methods and the limits of mathematics will be studied and discussed too. The aim of the seminar is to study classical papers on economics and to analyse them from a historical perspective.

Component of the Seminar: presentation (ungraded)

Literature will be given at the beginning of the seminar.

Max. number of participants: 25

Examination: Term paper



Quantitative Methods: Seminars (registration required!)


1) Statistical Programming Languages (70 1016)
  • Seminar (2 hours/week)


A component of the seminar is an ungraded presentation.
See http://lvb.wiwi.hu-berlin.de/Teaching_Moodle .
No registration prior to the first session necessary.
Reason for block course: For educational reasons it is more reasonable to teach skills of a programming language in a block course.


Quantitative Methods: Lectures


1) Datenanalyse II (Data Analysis II) (701009)
  • Lecture+Tutorial (4 hours/week)
  • Prof. Klinke
  • Registration: Please register in AGNES for this class!

The lecture covers classical statistical topics and we will work half of the time with SPSS and/or R in a PC-Pool. Note: The lecture will be held in german, but slides and exercise will be in english.

Data analysis II:

  • Bivariate statistics
  • Coeffcients and tests (association and PRE- measure, Cohen's kappa, relative risk, odds ratio)
  • Multivariate statistics
  • Principal component analysis
  • Exploratory factor analysis (reliability for sum scores)
  • Cluster analysis
  • Regression methods
  • Simple linear regression
  • Multiple linear regression
  • Generalized linear regression
  • Non- and Semiparametric Regression
  • Classification and regression trees
  • Neural networks


Examination: Written Exam (90 Min.)


2) Applied Econometrics (701044)
  • Lecture+Tutorial (4 hours/week)
  • Prof. Droge

The course introduces econometric methods for analyzing cross-sectional data, panel data and time series data and discusses their applicability in practice. The following topics are covered: extensions and applications of the linear model; instrumental variable estimation; binary response models; truncated and censored regression, static panel data models; specification, estimation, validation and forecasting of autoregressive models. The application of these methods is explained and illustrated by means of empirical examples.


  • Marno Verbeek: "A Guide to Modern Econometrics", 2012, John Wiley & Sons.
  • James H. Stock, Mark W. Watson: "Introduction to Econometrics", 2007, Pearson Education.
  • Christiaan Heij, Paul de Boer et al.: "Econometric Methods with Applications in Business and Economics", 2004, Oxford University Press.

Examination: Written Exam (90 Min.)


Also interesting: Classes "Berlin Perspectives"


A variety of interesting classes you can also choose from:

Please check with your home university if classes can be credited at home



See you soon!