Core Concepts in Economics: Empirics Part 3
Core Concepts in Empirical Economics and Causal Inference, Part 3 Table of Contents 13. Panel Data, Cross-Sectional Data, and Longitudinal Research Design 14. Fixed Effects and Random Effects 15. Internal Validity, External Validity, and the Broader Validity Framework 16. Heterogeneous Treatment Effects 17. Effect Size, Economic Significance, and Uncertainty 18. Type 1 and Type 2 Errors, Power, Multiple Testing, and Bayesian Evidence 19. Cost-Benefit Analysis and Policy Evaluation Introduction to Part 3 This document continues the empirical concepts series. Part 1 introduced the foundations of causal inference: correlation versus causation, counterfactual reasoning, causal graphs, exogeneity, omitted variable bias, and selection bias. Part 2 developed the major design-based tools used to estimate causal effects, including randomized controlled trials, natural experiments, identification strategies, instrumental variables, difference-in-differences, and regr...