Instructor: Fernando Hoces de la Guardia (fhoces@berkeley.edu)
Graduate Student Instructors: Yige Wang and Elena Stacy
Class Meeting Times: MTWTh 8am - 9:30am @ Dwinelle Hall 145
Section Meeting Times:
Office Hours:
The goal of this course is to introduce students to foundational tools to Econometrics, with an emphasis on causality. This course will aim at increasing your skills to critically digest information on policy debates. These policies could range from a large number of people (e.g., does the implementation of a universal basic income lead to people spending more on alcohol and cigarettes?) to a few, or single, individuals (e.g., does exposing my kids to two additional hours a week of TV reduce their reading or math skills?). This course will help you to identify such questions and will provide you with language and methods to critically analyze them.
Traditionally this course has been taught with the perspective of turning students into producers of econometrics (“econometricians”). This is a good way to learn this material if you are heavily motivated to pursue this track. However I fear that the heavy reliance on math and lack of real life applications may deter students from using these tools in the future both as consumers and producers of evidence. For this reason, and thanks to the emergence of new textbooks with this emphasis, in this course we will relegate math to a second seat, losing depth when examining concepts, in order to gain more breadth behind the main tools for causal inference. For students who are seeking to further pursue studies in Econometrics, I hope that this course will provide the with a solid intuition, that will help motivate the more detailed methods, theories and proofs that will be developed in subsequent courses (e.g. Ec142, 143, 151, 172, etc). My primary goal is to equip you with the language and tools for causal analysis. And a close secondary goal is to get you excited about these tools so you can continue to use it for years to come and, maybe, decide to bring your unique perspective to the production of evidence.
A: Required, to be reinforced
| - Expectation/Mean | - Conditional expectation |
| - Standard deviation | - Random variables/Probabilities |
| - Law of large number | - Hypothesis test/P-value |
| - Central limit theorem | - P-Hacking |
B: New
| - Selection Bias | - Omitted variable bias |
| - Randomized Control Trials | - Independence |
| - Potential outcomes | - Collinearity |
| - Regression as conditional expectation | - External validity |
| - Regression as matching | - Instrumental variables |
| - Regression as line fitting | - Regression discontinuity |
| - Difference in Difference |
This semester I will hold office hours on Mondays and Wednesdays from 9:45 - 11:45am at 517 Evans. This means that during those hours, you need not have an appointment to talk to me, just stop by my office during that time. Office hours are a time when you can come to ask me for assistance in understanding course material or assignments, or they can merely be an opportunity to chat with me about the course or how the course relates to current events, college more generally, or anything else you want to talk about with me. Do not feel like you need to have a “good” question or reason to come to office hours–you can just pop in to say hello if you want! And, if you cannot make my office hours because you have a conflict, I’m happy to meet with you at other times, just make an appointment. (text adapted from A. Jack, The Privileged Poor 2019).
I will use R in class and will ask you to play with simulations in Datahub. However, learning R is not a goal of this course. If you want to use the course to learn R, you can. I will encourage you to submit your homework, or create a version of your class notes using RMarkdown.
We will Clickers during the class to improve interactivity. We will not use clickers for graded exercises. Please do not use your phones, or laptops for other purposes during the class.
Given the summer structure, the midterms will cover up to the class before. However, questions on the midterm related to this class (the one before the midterm) will aim more at measuring general comprehension of the class concepts and less at measuring mastery obtained by working on practice questions or problem sets.
Students are encouraged to write chapter summaries for every chapter of their chosen book. Students are required to submit 2 reading reports during the semester. Each reading report will consist of a summary of a specific chapter of the assigned reading. The summary should be written with the students’ own words and should not exceed 300 words. The summary will be chosen at random and announced 24hrs before submission.
There will be 4 problem sets. Each problem set will be posted on bCourses every two weeks, starting today, and will be due by 5pm on the dates specified in the calendar. Each student must submit a digital copy of their solutions to Gradescope. Scanned/photographed versions of pen and paper are accepted. Dates are indicated in the calendar below.
All the materials covered in the lectures. Similar to the midterms, questions related to the material covered in the last lecture (before review) will be more conceptual and will not expect the student to prepare with any material other than their lecture notes (of the last lecture).
Course grades will be based on: Midterm Exams (30%, 15% each), Book Summaries (20%, 10% each), Final Exam (30%), Problem Sets (20%, 5% each). No credit will be given for late problem sets.
This course made extensive use of pedagogical material developed by multiple educators. At the end of each slide deck I have acknowledge the use their fantastic work. They are list there here also: