Empirical Strategies in Economics

Description

The 2021 nobel prize in Economics was awarded to David Card, Joshua Angrist, and Guido Imbens for their contributions involving the analysis of natural experiments.Many of the big questions in Economics as in other disciplines are causal questions: How does one more year of education affect someone's future income? However, randomized controlled trials are often not feasible to answer these questions. Randomizing the amount of education someone receives is not possible for legal and ethical reasons. Card, Angrist, and Imbens have shown that it is still possible to answer such cause-and-effect questions using natural experiments. The key idea is to use chance events, institutional rules or policy changes that create situations in which people are treated differently, much like in a controlled trial that randomly assigns people to different treatments.The course is based on the textbook "Mastering 'Metrics" by Joshua Angrist and Jörn-Steffen Pischke (2015) as well as the online course by Joshua Angrist available at mru.org/mastering-econometrics.

See ILIAS for further information.

Schedule

Lecture 1+2: Tuesday, November 28, 10:00-11:30 and 12:30-14:00

Lecture 3+4: Tuesday, December 05, 10:00-11:30 and 12:30-14:00 in HS 31

Lecture 5+6: Tuesday, December 12, 10:00-11:30 and 12:30-14:00 in HS 31

Lecture 7+8: Tuesday, December 19, 10:00-11:30 and 12:30-14:00 in HS 31

Lecture 9+10: Tuesday, January 09, 10:00-11:30 and 12:30-14:00 in HS 31

Lecture 11+12: Tuesday, January 16, 10:00-11:30 and 12:30-14:00 in HS 31

Exam: Tbd

Workshop: Tbd