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Econometrics Course: Introduction & Identification. HERC Econometrics with Observational Data

Wagner TH. Econometrics Course: Introduction & Identification. HERC Econometrics with Observational Data. [Cyberseminar]. 2013 Oct 2.




Abstract:

The objective of this class is to introduce participants to the course. We start by briefly describing a randomized trial and the leverage of experimental design to understand causation. We then transition into understanding causal pathways when experimentation isn't possible. We introduce the concept of endogeneity and walk participants through the elements of an equation, as these equations often come up in other classes. Finally, we discuss the five main assumptions underlying the classic linear model, setting the stage for future classes.





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