Topics in Applied Microeconomics
This course introduces econometric tools that economists use to study the effect of economic incentives, including changes due to laws and public policy, on individual behaviours and outcomes. The aim of this course is to teach the students to become critical consumers of empirical research that is produced by both economists and researchers in related fields. The aim of the course is therefore not for the students to become practicing empiricists themselves.
Ideally, at the end of this course, the students will understand:
- the challenges faced by researchers in identifying causality and
- various types of methodologies that can be used to estimate such a causal effect in the data.
The course will emphasize that the same research methods can be applied to a wide range of sub-fields within applied microeconomics.
In doing so, this course further engages the students in selected topics within the realm of applied microeconomics. Examples of topics which may be covered include but are not limited to:
- traditional topics in labour economics, such as labour markets and wages
- empirical law and economics, such as the economic models of crime and discrimination
- the economics of education, such as school choice.
The students will be introduced to the seminal economic models regarding each topic in order to develop an understanding of the mechanisms at play.