This course takes the theoretical econometric tools students have learned in other courses and teaches students how to apply those techniques to real world problems and data. The course focuses on the concept of causal inference and the different techniques used to causally identify the effect of treatments on outcomes. Using economic data and modern computer software, students learn how to conduct empirical studies by replicating well known econometric analyses. The techniques covered are: Regression Discontinuity Design, Panel Data Methods, Difference in difference analysis, Instrumental Variables, Synthetic Control, Bootstrapping and Randomisation Inference. Students will be required to present an econometric paper by summarising the hypothesis and results of the paper, placing it in the literature and critiquing the implementation of the paper.
Upon successful completion, students will have the knowledge and skills to:
- explain econometric concepts such as causality, endogeneity, confounding factors, selection, and simultaneity;
- explain econometric techniques for estimating causal effects;
- investigate the properties of econometric techniques using Monte Carlo simulation;
- use statistical software to manage and analyse data;
- carry out an empirical analysis of data using the econometric techniques discussed;
- interpret the findings in an empirical analysis, and discuss caveats and potential problems.
- Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4,5,6]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
See Class Summary
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
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- 6 units
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Offerings, Dates and Class Summary Links
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