Module (major changes): Causality and Programme Evaluation (6 Credits)

Name in diploma supplement

Causality and Programme Evaluation

Responsible

Prof. Dr. Martin Karlsson

Admission criteria

See exam regulations.

Workload

180 hours of student workload, in detail:
  • Attendance: 60 hours
  • Preparation, follow up: 60 hours
  • Exam preparation: 60 hours

Duration

The module takes 1 semester(s).

Qualification Targets

Students taking the course will

  • Acquire a sound understanding of identification strategies in microeconometrics
  • Gain knowledge of the advantages and limitations of experimental research
  • Get familiar with the most important non-experimental techniques and their underlying assumptions
  • Learn how to critically assess empirical microeconometric work

Relevance

For decision makers, e.g. in public policy, it is important to identify causal effects of distinct policy programmes in order to use available resources efficiently. For this purpose there exists a broad variety of methods. This course enables students to critically assess existing empirical evidence and pursue own empirical evaluations.

Module Exam

In order to pass the course students need to solve and hand in problem sets (20% of the final grade), and to write a term paper (usually 20-30 pages, 80% of the final grade) in which they pursue an own empirical evaluation.

Usage in different degree programs

  • BWL EaF Master > Wahlpflichtbereich > 1.-3. Sem, Elective
  • ECMX Master > Wahlpflichtbereich > ME7 Econometric Methods > 1.-3. Sem, Elective
  • GOEMIK Master > Wahlpflichtbereich > Bereich Volkswirtschaftslehre > 1.-3. Sem, Elective
  • VWL Master > Wahlpflichtbereich I > 1.-3. Sem, Elective

Elements

  • Lecture with integrated exercise Causality and Programme Evaluation (6 Credits)

Module: Causality and Programme Evaluation (WIWI‑M0473)

Lecture with integrated exercise: Causality and Programme Evaluation (6 Credits)

Name in diploma supplement

Causality and Programme Evaluation

Organisational Unit

Lehrstuhl für VWL, insb. Gesundheitsökonomik

Lecturers

Prof. Dr. Martin Karlsson,

wissenschaftliche Mitarbeiter(innen)

Hours per week

4

Language

English

Cycle

summer semester

Participants at most

###LABEL_NOLIMIT###

Preliminary knowledge

Good knowledge of econometrics required.

Abstract

This is a Master/Ph.D.-level course in causal inference and program evaluation methodology. We will focus on using the potential outcomes approach as a general organizing principle, and examine identification and estimation of treatment effects under various types of assumptions. The course will not go into great depth in regard to any particular applied econometric method, but will instead aim to provide you with enough knowledge about each one to know when, and when not, to use it in empirical work.

Contents

  • Theories of Causation
  • Conducting Experiments in Economics
  • Randomisation
  • Differences-in-Differences
  • Instrumental Variables
  • Fuzzy DiD / Multiple Testing
  • Regression Discontinuity Design
  • Methods based on Unconfoundedness
  • Quantile Regression
  • Evaluating Evaluation Techniques

Literature

  • Angrist & Pischke (2009), Mostly Harmless Econometrics
  • Imbens & Wooldridge (2009), "Recent developments in the econometrics of program evaluation". Journal of Economic Literature.

Teaching concept

Die Veranstaltung entspricht einem Vorlesungsanteil von 2 SWS und einem Übungsanteil von 2 SWS.

Lecture with integrated exercise: Causality and Programme Evaluation (WIWI‑C0635)