Minor Deepening Minor: Economics for Econometricians

ECTS: 4
Content: This module begins with an introduction to/refresher of game theory to lay the methodological foundations. In the rest of the course we consider classical strategic problems of individual interaction such as:  
- problems of coordination
- problems of cooperation
- communication  and information exchange (cheap talk, persuasion, signalling)
- bargaining
- contests & tournaments
After a general analysis of these strategic situations, we consider and discuss their economic applications and relevance.
Teaching methods: Lectures
Teaching materials: Lecture Slides and Scientific Papers
Contact hours: 6 per week for 1st 4 weeks
Self study: 14 per week for 1st 4 weeks
Lecturer: Dr. Dana Sisak

ECTS: 4
Content: In this module we will study the long run behaviour of economy and its short-run fluctuations.
In the first part (long-run), we will cover economic growth and unemployment.
In the second part (short-run), the focus will be on the consumption, investment and asset prices’ determination.
The models presented in this course are an introduction to modern macroeconomics and build on the 1st year macroeconomics course. We will study the applications of the models using academic papers.
Teaching methods: Lecture
Teaching materials: Lecture Slides and Scientific Papers
Contact hours: 6 per week for 1st 4 weeks
Self study: 14 per week for 1st 4 weeks
Lecturer: Dr. Agnieszka Markiewicz

ECTS: 4
Content: The module is about micro-econometric empirical strategies used to estimate causal relationships that are of interest to economists. These include:
- Lab & field experiments
- Randomized control trials
- Differencein-differences
- Propensity score matching
- Instrumental variables
- Regression discontinuity
The module will describe the advantages (and disadvantages) of these different empirical strategies to identify the causal effect of a treatment. Students will learn what kind of identifying assumptions different empirical strategies are based on. We will also appraise which data requirements have to be met for the successful application of a particular strategy.
This will be done, for each method in turn, by:
1. reviewing the econometric theory behind the various methods
2. go through empirical papers which have successfully applied these
Teaching methods: Lectures + (Computer) Tutorials
Teaching materials: Lecture Slides and Scientific Papers
Contact hours: 12 per week for final 3 weeks
Self study: 28 per week for final 3 weeks
Lecturer: Prof. Dr. Olivier Marie