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Most empirical research --- be it in academia, policy advice or industry --- asks causal questions. Does a higher minimum wage increase unemployment? Does a new product line generate higher revenues? Do higher interest rates reduce inflation? Etc etc. Answering such questions is challenging because in most cases we cannot run experiments. In the last 30 years, statisticians have developed a toolbox named "Causal Inference" that allows researchers to quantify causal effects without experiments. This course will introduce students to the most important techniques in causal inference. These are canonical research designs that can be applied to many interesting questions:
1) Basics of research design
2) Randomised experiments
3) Instrumental Variables
4) Regression Discontinuity
5) Difference-in-differences
6) Synthetic control
1) Basics of research design
2) Randomised experiments
3) Instrumental Variables
4) Regression Discontinuity
5) Difference-in-differences
6) Synthetic control
About this Module
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