This course will provide participants with the essential tools, both theoretical and applied, for a proper use of modern micro-econometric methods for policy evaluation and causal counterfactual modelling under both assumptions of “selection on observables” and “selection on unobservables”. The course will cover these approaches: Regression adjustment (parametric and nonparametric), Matching (on covariates and on propensity score), Reweighting and Double-robust methods, Selection models, Instrumental-variables approaches, Difference-in-differences, and Regression discontinuity design.
After attending the course, the participant will be able to setting up and managing a correct evaluation design under observable and unobservable selection on his own: identification of the policy framework, collection and management of suitable datasets, use of appropriate econometric methods, and interpretation of results. Potential applications are in different contexts of policy such as: finance and banking, the labor market, the investment activities of enterprises, education policy and regional cooperation, incentives for business research and development, etc., although they can be used in any further field of study aiming at estimating the ex-post impact of a given policy intervention on specific targets. The course will provide various instructional examples on real datasets.
Cass Business School, 106 Bunhill Row London, EC1Y 8TZ United Kingdom
London , United Kingdom