In this course we will look at the evaluation of policy interventions. We will discuss the desirability of evaluations and the main conceptual problems in identifying the effect of policy interventions. We will then discuss different econometric techniques that have been proposed in the literature to deal with these issues relating them to the economics behind the evaluation problem. In particular, we will discuss critically: Randomized Controlled Trials, Propensity Score Matching, Regression Discontinuity Design, Difference in Difference Methods, Instrumental Variables and Control Functions, Structural Models. There will be a number of applications that will illustrate the techniques discussed and some practical exercises. The focus will be on applications in Colombia and Latin America.
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