A solid understanding of the concepts of microeconomics and constrained optimization is an advantage. Ideally, participants should have attended the course "Mikroökonomik (Master)" (Advanced Microeconomics). While the content of the lecture is largely applied microeconomic theory, the assigned research papers for presentations will have an empirical focus. Basic knowledge of econometrics is an advantage. Participation in the course "Mikroökonometrie" (Microeconometrics) is recommended.