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Broadly speaking, econometrics aims to give empirical content to economic relations for testing economic theories, forecasting, decision making, and for ex post decision/policy evaluation.

J. Geweke, J. Horowitz, and M.H. Pesaran (2007)

System Theory

System theory is an interdisciplinary theory about the nature of complex systems in nature, society, and science, and is a framework by which one can investigate and/or describe any group of objects that work together to produce some result.

en.wikipedia.org/wiki/ System_theory


The research group

Econometrics and System Theory 

is part of the Institute of Statistics and Mathematical Methods in Economics.


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