Syllabus

Title
1264 Field Course: Data Science and Machine Learning
Instructors
Lukas Schmoigl, B.Sc., Ines Kusmenko, M.Sc.
Contact details
Type
PI
Weekly hours
3
Language of instruction
Englisch
Registration
09/16/25 to 09/21/25
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Dates
Day Date Time Room
Friday 10/10/25 11:30 AM - 02:30 PM TC.4.13
Friday 10/17/25 11:30 AM - 02:30 PM TC.4.13
Friday 10/24/25 11:30 AM - 02:30 PM TC.4.13
Friday 10/31/25 11:30 AM - 02:30 PM TC.4.13
Friday 11/07/25 11:30 AM - 02:30 PM TC.4.13
Friday 11/14/25 11:30 AM - 02:30 PM TC.3.06
Friday 11/21/25 11:30 AM - 02:30 PM TC.4.13
Friday 11/28/25 11:30 AM - 02:30 PM TC.4.13
Friday 12/05/25 11:30 AM - 02:30 PM TC.4.13
Friday 12/12/25 11:30 AM - 02:30 PM TC.4.13
Friday 01/09/26 11:30 AM - 02:30 PM TC.4.13
Friday 01/16/26 11:30 AM - 02:30 PM TC.4.13
Friday 01/23/26 11:30 AM - 02:30 PM TC.4.13
Contents
This course introduces graduate students of economics to data science and machine learning methods and tools. The focus of the class is on practical applications of a wide range of useful methods within the field of data science.

The following topics are covered:
  - Coding Setup 
  - Databases and APIs
  - Data Wrangling
  - Data Visualization
  - Webscraping
  - Supervised Learning and Cross Validation
  - Natural Language Processing
  Spatial Bayesian Model Averaging
Learning outcomes
After completing this course students will have a “Data Science Toolkit” at their disposal. They will be able to describe, characterize and apply key concepts and methods of data science and machine learning as outlined in the course contents. In addition, students will be able to use statistical software to perform data analysis using data science and machine learning methods.
Attendance requirements
For this course participation is obligatory. Students are allowed to miss a maximum of 2 units.
Teaching/learning method(s)
The course content is covered and presented in lectures and tutorials. Understanding of the concepts is assessed by a written exam. Students apply the learned methods in assignments as well as in a data project of their choice. Students present and discuss their data project in class. 
Assessment
The final grade is composed of:
 
- Assignments (40%)
- Exam (60%)

Grading scheme:
 
> 90%: Excellent
(80%, 90%]: Good
(70%, 80%]: Satisfactory
(60%, 70%]: Sufficient
[0%, 60%]: Not sufficient
Prerequisites for participation and waiting lists
Programming skills in R or a similar programming language (e.g., Python, Julia). Basic understanding of probability, statistics, linear algebra and calculus. Practical understanding of statistical modeling and experience in working with data.
Readings

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Other

More course content and continuously updated information can be found here:

https://data-science.wifo.ac.at/lecture-notes/lecture-pitch

Last edited: 2025-06-30



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