Applied Econometrics I

The main focus of this course is on econometrics methods for causal inference, program evaluations, and evidence-based policy design, which has become essential tools for empirical work in economics. This course covers a variety of empirical study designs, and for each design, introduces suitable econometric methods. They include randomized control trials, observational studies with unconfoundedness, instrumental variable methods, regression discontinuity designs, panel data designs and difference-in-differences, empirical welfare maximization methods, etc. The course assumes knowledge of statistics and econometrics at the level of first-year Ph.D econometrics courses such as ECON 2030 and ECON 2040 .