Course ObjectiveThe main goal of this course is to make students familiar with using
microeconometric techniques to empirically analyze economic models.
Students should be capable to test economic theories empirically and to
estimate policy relevant parameters. Next they learn how to interpret
estimation results and to translate these into policy conclusions.
Students learn to distinguish between causality and correlation.
Course ContentThis course first provides an overview on microeconometric techniques to
estimate causal effects. In particular, the potential outcomes framework
is discussed and within this framework policy relevant treatment effects
are defined. Next, more structural economic models are presented and
empirical analyses of these models are discussed. More specifically,
during the course labor market models, consumer choice models and
production functions are evaluated. During the course, there will be a
theoretical discussion, presentation of empirical studies and students
have to work with data.
Teaching MethodsLectures and workgroups
Method of AssessmentWritten exam and homework exercises
Entry RequirementsIntroduction to econometrics (linear regression and maximum likelihood)
and basic statistics (estimation and hypothesis testing)
LiteratureStock, J.H. and M.M. Watson, "Introduction to econometrics", 3rd
|Language of Tuition||English|
|Faculty||School of Business and Economics|
|Course Coordinator||dr. N. Ketel|
|Examiner||dr. N. Ketel|
prof. dr. B. van der Klaauw
dr. N. Ketel
You need to register for this course yourself
Last-minute registration is available for this course.
|Teaching Methods||Study Group, Lecture|
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