Empirical Methods

Slides [link]

Key Points

Required reading and response questions

Lecture 1

Required reading

Response questions:

  1. The authors look for empirical evidence that electricity deregulation reduced costs. Describe their statistical approach to answering this question (in your own words).
  2. Name one complication with this analysis described by the authors.

Lecture 2

No required readings. Blog post 1 due.

Optional reading: “Quasi-Experimental and Experimental Approaches to Environmental Economics” by Greenstone and Gayer (ungated version here)

Lecture 3

Required reading

Response questions: Explain the experimental setup in your own words (1-2 sentences each)

  1. What is the research question?
  2. Why do the authors need to use an experiment to answer it?
  3. What are the different experimental groups?

Lecture 4

Required reading

Response questions:

  1. What is a “natural experiment”?
  2. How did Card and Krueger estimate the effect of the minimum wage on employment?

Lecture 5

Required reading

Response questions:

  1. The authors are using using “difference-in-differences” here. What are the two differences? Explain the groups being compared in your own words.
  2. Do you find this empirical approach believable? Why or why not?

Additional material