| Lecturer: | Dr. Klaas Staal (first week), Prof. Dr. Thorsten Schank (second week) |
| ID Number: | 03.B98.6010 (Lecture) / 03.B98.6015 (Tutorial) |
| Contact Time: | 2 SWS lecture and 2SWS tutorial |
| Credit Points: | 6 ECTS for Master students of the QDEM master´s program |
| Time / Place: | 13.10.2025 bis 24.10.2025 (pls. refer to the excel sheet enclosedl) |
| First Session: | 13.10.2025 at 10.15h in 00211 HS I |
| Language: | English |
| Assessment: | Exam (60 min) |
This course provides a formal foundation in math, statistics, and probability theory used in the program “Quantitative Decision Making in Economics and Management.” Students should be familiar with the formal approaches and should be able to transfer the methods and findings to economic problems. The course enables students to understand the derivations of methods and findings in later courses. After passing this module, students should be able to apply the formal methods.
The first seven lectures will be given by Dr. Klaas Staal and the last seven lectures by Prof.Dr. Thorsten Schank.
Content
The following topics are taught in an application-oriented way.
- Functions for the description of economic phenomena and their optimization
- An introduction to linear algebra (notation and operations) used for the representation of data and systems of linear equations
- A discussion of the probability theory (random variables, expectations, convergence) as foundation for statistical inference.
- Methods Methods for the estimation of unknown parameters (OLS, MLE, Bayes) and their statistica
Class material and handouts can be downloaded from the e-learning platform Moodle.
| Date | Time | Room | Lecturer |
| Mo, 13.Okt 2025 | 10:15 - 11:45 | 00211 HS I | Dr. Klaas Staal |
| Mo, 13.Okt 2025 | 14:15 - 15:45 | 00 265 PC Pool | Dr. Klaas Staal |
| Tu, 14.Okt 2025 | 10:15 - 11:45 | 00211 HS I | Dr. Klaas Staal |
| Di, 14.Okt 2025 | 14:15 - 15:45 | 00 265 PC Pool | Dr. Klaas Staal |
| Mi, 15.Okt 2025 | 10:15 - 11:45 | 00211 HS I | Dr. Klaas Staal |
| Mi, 15.Okt 2025 | 14:15 - 15:45 | 00211 HS I | Dr. Klaas Staal |
| Do, 16.Okt 2025 | 10:15 - 11:45 | 00211 HS I | Dr. Klaas Staal |
| Do, 16.Okt 2025 | 14:15 - 15:45 | 00211 HS I | Dr. Klaas Staal |
| Do, 16.Okt 2025 | 16:15 - 17:45 | 00211 HS I | Dr. Klaas Staal |
| Fr, 17.Okt 2025 | 08:15 - 09:45 | 00211 HS I | Dr. Klaas Staal |
| Fr, 17.Okt 2025 | 10:15 - 11:45 | 00211 HS I | Dr. Klaas Staal |
| Fr, 17.Okt 2025 | 14:15 - 15:45 | 00211 HS I | Dr. Klaas Staal |
| Mo, 20.Okt. 2025 | 14:15 - 15:45 | 00 265 PC Pool | Prof. Dr. Schank |
| Mo, 20.Okt. 2025 | 16:15 - 17:45 | 00 265 PC Pool | Prof. Dr. Schank |
| Di, 21.Okt 2025 | 10:15 - 11:45 | 00 265 PC Pool | Prof. Dr. Schank |
| Di, 21.Okt 2025 | 14:15 - 15:45 | 00341 HS VII | Prof. Dr. Schank |
| Mi, 22.Okt 2025 | 10:15 - 11:45 | 00211 HS I | Prof. Dr. Schank |
| Mi, 22.Okt 2025 | 14:15 - 15:45 | 00211 HS I | Prof. Dr. Schank |
| Mi, 22.Okt 2025 | 16:15 - 17:45 | 00211 HS I | Prof. Dr. Schank |
| Do, 23.Okt 2025 | 10:15 - 11:45 | 00135 RW 2 | Prof. Dr. Schank |
| Do, 23.Okt 2025 | 14:15 - 15:45 | 00341 HS VII | Prof. Dr. Schank |
| Do, 23.Okt 2025 | 16:15 - 17:45 | 00211 HS I | Prof. Dr. Schank |
| Fr, 24. Okt 2025 | 10:15 - 11:45 | 00 265 PC Pool | Prof. Dr. Schank |
| Fr, 24. Okt 2025 | 12:15 - 13:45 | 00 265 PC Pool | Prof. Dr. Schank |