Empirical Economics

Vrije Universiteit Amsterdam

Course Description

  • Course Name

    Empirical Economics

  • Host University

    Vrije Universiteit Amsterdam

  • Location

    Amsterdam, The Netherlands

  • Area of Study

    Economics

  • Language Level

    Taught In English

    Hours & Credits

  • ECTS Credits

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

    COURSE OBJECTIVE
    The main goal of this course is to make students familiar with using microeconometric techniques to empirically analyze economic models. Students should be capable to test economic theories empirically and to estimate policy relevant parameters. Next they learn how to interpret estimation results and to translate these into policy conclusions. Students learn to distinguish between causality and correlation.

    COURSE CONTENT
    This course first provides an overview on microeconometric techniques to estimate causal effects. In particular, the potential outcomes framework is discussed and within this framework policy relevant treatment effects are defined. Next, more structural economic models are presented and empirical analyses of these models are discussed. More specifically, during the course labor market models, consumer choice models, school assignment models and production functions are evaluated. During the course, there will be a theoretical discussion, presentation of empirical studies and students have to work with data.

    TEACHING METHODS
    Lectures and workgroups

    TYPE OF ASSESSMENT
    Written exam and homework exercises

    ENTRY REQUIREMENTS
    Introduction to econometrics (linear regression and maximum likelihood) and basic statistics (estimation and hypothesis testing)

Course Disclaimer

Courses and course hours of instruction are subject to change.

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