Credit

4.00   (L-T-P:   0-0-8)

Department / Center / School / Unit

Economics

Course Objectives

Economics has a significant component of experimentation and data analytics. This course covers advanced topics of economics laboratory course as a continuation of economics laboratory I course. We cover experimental methods and computational techniques using real life data. Data analysis and experimental methods of analysis feature prominently in this course.

Course Contents

Impact evaluation, Randomised Control Trial, Natural experiment methods like Regression Discontinuity, Instrumental Variable, experiment in behavioural economics, , experimental game theory, cost-benefit analysis of policies

Suggested References

Angrist, J. D., and J. S. Pischke. Mostly Harmless Econometrics: An Empiricist's Companion. Princeton University Press, 2009.
Larry Samuelson. Economic Theory and Experimental Economics. JEL 2005
Roth, Alvin E. (1988); "Laboratory Experimentation in Economics: A Methodological Overview", Economic Journal, Vol. 98, 974-1031.
Smith, Veron. (1993). “Economics in the Laboratory”.Journal of Economic Perspectives.
Lei, Vivian, Charles N. Noussair, and Charles R. Plott (2001), “Nonspeculative Bubbles in Experimental Asset Markets: Lack of Common Knowledge of Rationality vs. Actual Irrationality,” Econometrica, 69: 831-859
Angus S. Deaton. The Analysis of Household Surveys: A Microeconometric Approach to Development Policy (World Bank)
Wooldridge, Jeffrey M. Introductory Econometrics: A Modern Approach.