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IS 617: Large Language Models for the Economic and Social Sciences

Contents
This course aims to equip students with the theoretical foundations and practical skills necessary to leverage Large Language Models (LLMs) in computational social science research. Students will explore how LLMs can be used for analyzing social and economic data, modeling human behavior, and generating insights from large-scale data sources.

Learning outcomes
Students will acquire knowledge of state-of-the-art principles and methods for developing and using Large Language Models. They will also learn how to use them for applied data analysis and empirical research (MK1, MK2, MF3)
Methodological competence:
Successful participants will be able to understand state-of-the-art LLM methods and select, apply and evaluate the most appropriate techniques for various use cases and applications (MF3). They will also learn in analyzing and summarizing recent litearture on LLMs (MF2)

Necessary prerequisites
Knowledge of Basic Python Programming, Linear Algebra

Recommended prerequisites

Forms of teaching and learningContact hoursIndependent study time
Lecture2 SWS7 SWS
Exercise class2 SWS6 SWS
ECTS credits6
Graded yes
Workload180h
LanguageEnglish
Form of assessmentProject presentation (30%) and report (50%), class participation (20%)
Restricted admissionyes
Further informationWebsite of the Chair
Examiner
Performing lecturer
Prof. Dr. Markus Strohmaier
Dr. Indira Sen
Frequency of offeringFall semester
Duration of module 1 semester
Range of applicationM.Sc. MMM, M.Sc. WiPäd, M.Sc. VWL, M.Sc. Wirt. Inf.
Preliminary course work
Literature1. Bommasani, Rishi, et al. „On the opportunities and risks of foundation models.“ arXiv preprint arXiv:2108.07258 (2021).
2. Hovy, Dirk. Text analysis in Python for social scientists: Discovery and exploration. Cambridge University Press, 2020.