Government Policy Evaluation

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Government Policy Evaluation

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business, Business Administration, Economics, Government, International Business, International Economics, Public Policy Studies

  • Language Level

    Taught In English

  • Prerequisites

    STUDENTS ARE EXPECTED TO HAVE COMPLETED

    Core courses in Microeconomics, Macroeconomics and Econometrics, as part of a standard Economics degree, at an intermediate level. Since the course places much emphasis on the motivation for and applicability of quantitative methods it is required that students successfully completed courses in Econometrics and Applied Economics (or equivalent courses), which are compulsory in the second and third year of the Grado del Economía at the Universidad Carlos III de Madrid.

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

    6
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4
  • Overview

    Requirements:
    -    Core courses in Microeconomics, Macroeconomics and Econometrics, as part of a standard Economics degree, at an intermediate level.
    -    Since the course places much emphasis on the motivation for and applicability of quantitative methods it is required that students successfully completed courses in Econometrics and Applied Economics (or equivalent courses), which are compulsory in the second and third year of the Grado del Economía at the Universidad Carlos III de Madrid.

    COMPETENCES AND SKILLS THAT WILL BE ACQUIRED AND LEARNING RESULTS.
    Objectives: This course studies both the econometric methods used for the evaluation of economic policies and the required programming skills. Actual examples of influential studies will be presented.

    DESCRIPTION OF CONTENTS: PROGRAMME
    1.- Introduction
    2.- Randomized Experiments in the Social Sciences
    3.- Natural or Quasi-natural Experiments
    4.- Observational Studies and Matching Estimators
    5.- Using Instrumental Variables to Estimate Treatment Effects
    6.- Regression Discontinuity Designs
    7.- The Estimation of Structural Models

    LEARNING ACTIVITIES AND METHODOLOGY
    Methodology includes:
    1.- Theory lectures, where the models are presented and developed. Main references will be given to students
    to follow the theory content of the course. In addition, specific references to some topics will be given in class
    throughout the course.
    2.- The first practical classes will cover an introduction to the software STATA. In the rest of the class sessions,
    problem sets that contain both theoretical problems and applications will be covered. STATA will be used to study
    actual data and the implementation of the techniques learnd in the theory sessions.

    ASSESSMENT SYSTEM
    The final grade is made up of a final exam (60% of final grade) and the continuous evaluation (40% of final grade).
    Continuous assessment will be based on tests taken in the practical classes throughout the term, with special
    emphasis on the ability to apply course material and concepts on real data. The test dates will be announced in
    advance.
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    % end-of-term-examination: 60
    % of continuous assessment (assigments, laboratory, practicals?): 40

    BASIC BIBLIOGRAPHY
    - J. Angrist y J. Pischke Mostly Harmless Econometrics, Princeton University Press, 2008
    - Raquel Bernal y Ximena Peña Guía Práctica Para La Evaluación De Impacto., CEDE, Facultad de Economía,
    Universidad de los Andes. ISBN: 978-958-695-599-7.
    - A. Cameron y P. Trivedi. Microeconometrics: Methods and Applications., Cambridge University Press, 2005

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.