Microeconometrics: Estimating Individual and Household Behavior

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Description

This exam focuses on microeconometrics, emphasizing estimation techniques for individual and household behaviors. Candidates will demonstrate their understanding of biases and treatment effects in economic predictions.

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Exam Details

Duration: 50 minutes

Prerequisites: Econometrics, Introduction to Microeconomics

Key Topics

  • Microeconometrics
  • Endogeneity
  • Selection Bias
  • Treatment Effects
  • Estimation Techniques

Learning Outcomes

  • Articulate Estimation Techniques
  • Discuss Selection Bias Implications
  • Explain Treatment Effects
  • Analyze Micro-Behavior in Economics

Full Description

This exam addresses microeconometrics, focusing on techniques used to estimate individual and household behavior. Key topics include endogenous variables, selection bias, and treatment effects.

Microeconometrics plays a critical role in understanding how micro-level behaviors impact macroeconomic outcomes. This understanding influences policies designed to improve economic welfare at the household level.

Candidates will demonstrate verbal proficiency in discussing estimation techniques, how to handle selection bias, and the implications of various models for economic behavior predictions.

The examination will further assess the ability to articulate microeconomic principles and their relevance to real-world economic conditions and policy recommendations.

Sample Questions

  • What are the implications of selection bias on econometric estimates?
  • How can treatment effects be effectively estimated in microeconometric studies?

Field: Social Sciences

Subfield: Economics

Specialization: Econometrics

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