ECON 871 - Household Finance: Empirics

Credit(s): 3

HOUSEHOLD FINANCE: EMPIRICS
Component: Lecture
In this course, students are given a taste of the types of empirical research done under the “household finance” umbrella. Students learn how to apply modern econometric methods to empirical problems in household finance with primary focus on identification of causal effects of interest. The course builds a strong foundation of modern methods including instrumental variables, differences-in-differences, regression discontinuity, dynamic treatment effects and field experiments. Examples of covered topics: the impact of regulation on consumer credit and consumption smoothing, causes and consequence of the Great Recession, the impact of fiscal and monetary policy on decision making of the households. Students are strongly encouraged to read outside of the syllabus and to feel free to suggest topics and papers for discussion.
Repeatable for Credit: N Allowed Units: 3 Multiple Term Enrollment: N Grading Basis: Student Option
PREREQ: ECON 811 and ECON 823.

Course Typically Offered: Verify offering with Dept