Description: Abstract: The objective of this seminar is to introduce participants to the econometrics seminar series. The presenters start by briefly describing a randomized trial and the leverage of experimental design to understand causation. then transition into understanding causal pathways when experimentation isn’t possible. The concept of endogeneity and walk participants is introduced through the elements of an equation, as these equations often come up in other classes. Finally, the presenters discuss the five main assumptions underlying the classic linear model, setting the stage for future seminars.
Target audience: Anyone is welcome. The seminar will cover concepts that recur throughout the HERC Econometrics Cyberseminar. Some experience with statistics is helpful, but not required