Econometrics III: Applied Methods

Catalog description

Studies the primary tools that economists use to measure causation and to study human choice. Begins with descriptive work and discusses how various forms of endogeneity prevent us from interpreting correlation as causative. Next examines how randomized experiments, an empirical gold standard, neatly addresses endogeneity to deliver relationships that are causal. For many important questions, randomized experiments are neither possible nor permissible. In these, uses designs that address endogeneity and narrow the scope of our interpretive problems.