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31952-01 - Lecture: Microeconometrics: Panel Data (3 CP)
| Semester | spring semester 2025 |
| Course frequency | Every spring sem. |
| Lecturers | Kurt Schmidheiny (kurt.schmidheiny@unibas.ch, Assessor) |
| Content | Outline: 1. Basic Panel Data Models: Fixed and random effects, cluster-robust standard errors, testing RE vs. FE effects under heteroskedasticity, time trends, cohort vs. time effects, bootstrap methods for small numbers of clusters 2. Event Studies with Two-way Fixed Effects Estimation (TWFE): basic event study design, event study design with staggered treatment, binning and identification of dynamic treatment effects, distributed-lag models, multiple treatments, varying treatment intensity 3. ‘New’ Difference-in-differences Estimation (DiD): TWFE and DiD, identification of average treatment effects on the treated (ATT) with DiD, non-identification of ATT with TWFE and staggered treatment, alternative estimators of ATT with staggered treatment |
| Learning objectives | This course discusses advanced tools for the econometric analysis of cross-section and panel data. Each of the tools will be implemented using standard statistical software (R and Stata) and real world data. Students will learn how to choose the adequate statistical method, discuss its identifying assumptions, correctly interpret its results and to translate them into economically meaningful answers. |
| Bibliography | Readings: - Cameron, A. Colin and Pravin K. Trivedi (2005), Microeconometrics: Methods and Applications, Cambridge University Press - Wooldridge, Jeffrey M. (2010), Econometric Analysis of Cross Section and Panel Data, 2nd Edition, MIT Press. - Original articles tba |
| Weblink | Weblink |
| Admission requirements | Prerequisites: 12036 Econometrics, 41957 Advanced Econometrics |
| Course application | Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Tuesday | 10.15-12.00 | Juristische Fakultät, Seminarraum S6 HG.52 |
Dates
| Modules |
Modul: Fachlich-methodische Ausbildung (PhD subject: Staatswissenschaften) Module: Field Electives in Economics and Public Policy (Master's Studies: Economics and Public Policy) Module: Preparation Master's Thesis in Economics (Master's Studies: Sustainable Development) Module: Specific Electives in Data Science and Computational Economics (Master's Studies: Business and Economics) Module: Specific Electives in Economics (Master's Studies: Business and Economics) Module: Statistics and Computational Science (Master's Studies: Actuarial Science) Specialization Module: Areas of Specialization in International and/or Monetary Economics (Master's Studies: International and Monetary Economics) |
| Assessment format | record of achievement |
| Assessment details | MSc: written exam, date and room tbd PhD: written exam, graded project |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |