Faculty of Economics http://www.econ.cam.ac.
uk/
S301 APPLIED ECONOMETRICS
COURSE OUTLINE 2024-25
LECTURER: Dr Minji Bang
Dr Minji Bang | Faculty of Economics (cam.ac.uk)
OFFICE HOURS: By appointment. Please email [email protected]
FORMAT OF COURSE:
Teaching Hours Overview:
• 18 hours comprising of Lectures during Lent Term.
• In addition to lectures, there will be 8 hours comprising of 4 x 2-hour Classes during Lent Term and a
Revision Class during Easter Term.
COURSE OVERVIEW:
Course Description:
This course provides a comprehensive overview of empirical econometric methods, emphasizing the
application of statistical techniques to economic data. Students will learn to conduct empirical research,
interpret results, and understand the implications of econometric models.
Course Aims and Objectives:
The aim of this module is to enable students to follow modern applied econometric papers and critically
interpret empirical output, including an understanding of the limitations imposed by the econometric
techniques and the data available. The emphasis throughout will be on intuitive treatment of the issues
rather than detailed technical derivations. This will include discussion of empirical papers that address policy
issues via data analysis.
Faculty of Economics, University of Cambridge, Sidgwick Ave, Cambridge, CB3 9DD Table of Contents
Faculty of Economics http://www.econ.cam.ac.uk/
Who this Course is for:
This course is designed for master’s degree students in economics who are seeking to deepen their
understanding of empirical research methods. It is particularly suited for:
- Students interested in careers in academia, government, or private sector research that require
strong empirical analysis skills.
- Individuals who wish to evaluate the impact of policies using statistical methods, requiring a solid
foundation in econometric techniques.
- Students with a quantitative background looking to enhance their skills in statistical modeling and
data analysis within an economic context.
Specific Topics Covered:
1. Potential outcomes framework
2. Randomised control trials
3. Regression/selection on observables
4. Instrumental variables
5. Difference-in-differences
6. Regression discontinuity
7. More on regression discontinuity
8. Staggered Diff-in-Diff
9. Introduction to SMM
10. A foundation for bootstrap
Lecture Notes:
All lecture notes will be posted on Moodle before each lecture.
Faculty of Economics, University of Cambridge, Sidgwick Ave, Cambridge, CB3 9DD Table of Contents
Faculty of Economics http://www.econ.cam.ac.uk/
RESOURCES AND READING MATERIALS:
Detailed reading lists for each lecture will be provided along with lecture notes on Moodle.
Resource: Description:
Book Angrist and Pischke, Mostly Harmless Econometrics
Book Angrist and Pischke, Mastering Metrics
Book Wooldridge, Econometric Analysis of Cross Section and Panel Data
Book Scott Cunningham, Causal Inference: The Mixtape
Book Cameron and Trivedi, Microeconometrics
Faculty of Economics, University of Cambridge, Sidgwick Ave, Cambridge, CB3 9DD Table of Contents
