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14.32

Econometric Data Science

4-4-4 units. Institute LAB · Undergraduate

Introduces regression and other tools for causal inference and descriptive analysis in empirical economics. Topics include analysis of randomized experiments, instrumental variables methods and regression discontinuity designs, differences-in-differences estimation, and regression with time series data. Develops the skills needed to conduct — and critique — empirical studies in economics and related fields. Empirical applications are drawn from published examples and frontier research. Familiarity with statistical programming languages is helpful. Students taking graduate version complete an empirical project leading to a short paper. No listeners. Limited to 70 total for versions meeting together.

Spring 2007 · Econometrics

Introduction to econometric models and techniques, simultaneous equations, program evaluation, emphasizing regression. Advanced topics include instrumental variables, panel data methods, measurement error, and limited dependent variable models. May not count toward HASS requirement.

Readings

  • Wooldridge, Jeffrey M. Introductory Econometrics: A Modern Approach . 3rd ed. Mason, OH: Thomson/South-Western, 2006. ISBN: 9780324289787.
    Listed reading
  • Goldberger, Arthur S. A Course in Econometrics . Cambridge, MA: Harvard University Press, 1991. ISBN: 9780674175440.
    Listed reading
  • DeGroot, Morris H., and Mark J. Schervish. Probability and Statistics . 3rd ed. Boston, MA: Addison-Wesley, 2001. ISBN: 9780201524888.
    Listed reading
  • Goldberger. Chapters 1-7.
    Listed reading
  • DeGroot. Chapters 1-5.
    Listed reading
  • Burtless, Gary. “Are Targeted Wage Subsidies Harmful? Evidence from a Wage Voucher Experiment.” Industrial and Labor Relations Review 39 (October 1985): 105-111.
    Listed reading
  • Goldberger. Chapters 8-10.
    Listed reading
  • DeGroot. Chapters 6-8.
    Listed reading
  • Woodbury, S. A., and R. Spiegelman. “Bonuses to Workers and Employers to Reduce Unemployment: Randomized Trials in Illinois.” American Economic Review 77, no. 4 (September 1987): 513-530.
    Listed reading
  • Wooldridge. Chapters 1-5.
    Listed reading
  • Goldberger. Chapters 13-16.
    Listed reading
  • Wooldridge. Chapters 6-7 and 19.
    Listed reading
  • Goldberger. Chapters 17-24.
    Listed reading
  • Krueger, A. “How Computers Have Changed the Wage Structure: Evidence from Micro Data.” Quarterly Journal of Economics 108, no. 1 (February 1993): 33-60.
    Listed reading
  • DiNardo, J., and J. S. Pischke. “The Returns to Computer Use Revisited: Have Pencils Changed the Wage Structure Too?” The Quarterly Journal of Economics 112, no. 1 (February 1997): 291-303.
    Listed reading
  • Krueger, A., and S. B. Dale. “Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables.” The Quarterly Journal of Economics 117 (November 2002): 1491-1529.
    Listed reading
  • Card, David E., and Alan B. Krueger. Myth and Measurement: The New Economics of the Minimum Wage . Princeton, NJ: Princeton University Press, 1995, chapters 1 to 4. ISBN: 9780691048239.
    Listed reading
  • Wooldridge. Chapters 8 and 12.
    Listed reading
  • Goldberger. Chapters 27-28.
    Listed reading
  • Freeman, R., and A. Castillo-Freeman. “When the Minimum Wage Really Bites: The Effect of the US-Level Minimum on Puerto Rico.” In Immigration and the Work Force: Economic Consequences for the United States and Source Areas . Edited by G. Borjas and R. Freeman. Chicago, IL: University of Chicago Press, 1992. ISBN: 9780226066332.
    Listed reading
  • Graddy, K. “Testing for Imperfect Competition at the Fulton Fish Market.” RAND Journal of Economics 26, no. 1 (Spring 1995): 75-92.
    Listed reading
  • Wooldridge. Chapter 15.
    Listed reading
  • Goldberger. Chapter 31.
    Listed reading
  • Angrist, J. “Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records.” American Economic Review 80, no. 3 (June 1990): 313-336.
    Listed reading
  • Angrist, J., and A. Krueger. “Does Compulsory School Attendance Affect Schooling and Earnings?” Quarterly Journal of Economics 106, no. 4 (November 1991): 979-1014.
    Listed reading
  • Angrist, J., and W. E. Evans. “Children and Their Parents’ Labor Supply: Evidence from Exogenous Variation in Family Size.” American Economic Review 88 (June 1998): 450-477.
    Listed reading
  • Ashenfelter, O., and A. Krueger. “Estimates of the Economic Returns to Schooling from a New Sample of Twins.” American Economic Review 84, no. 5 (December 1994): 1157-1174.
    Listed reading
  • Angrist, J., and V. Lavy. “Using Maimonides Rule to estimate the Effects of Class Size on Scholastic Achievement.” Quarterly Journal of Economics 114, no. 2 (May 1999): 533-575.
    Listed reading
  • Wooldridge. Chapter 16.
    Listed reading
  • Goldberger. Chapters 32-34.
    Listed reading
  • Angrist, J., G. Imbens, and K. Graddy. “The Interpretation of Instrumental Variables Estimators in Simultaneous Equations Models with an Application to the Demand for Fish.” Review of Economic Studies 67, no. 3 (July 2000): 499-527.
    Listed reading

Prerequisites & course information

Subject meets with 14.320 Prereq: 14.30 , 15.069 , or 18.650[J] U (Fall, Spring) 4-4-4 units. Institute LAB

Sources