PhD Empirical Methods Course (2024)
Lecture Slides
Lecture 1: Model Specification (2024)
Introduction; Model Specification Overview; Some Tradeoffs Between Preference Specifications; What is Risk Aversion? Risk Aversion with Labor Supply; Risk Aversion to Higher-Order Risk
Lecture 2: Preference Specifications (2024)
Assumptions on Preferences and Some Key Ideas in Economics, Habit Formation Preferences, Benchmark-Level Preferences, Epstein-Zin Utility, Three Key Parameters in Macro: Risk Aversion, Frisch Elasticity, and Elasticity of Intertemporal Substitution
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Lecture 10
βThe thing, above all, that a teacher should endeavor to produce in his pupils, if democracy is to survive, is the kind of tolerance that springs from an endeavor to understand those who are different from ourselves. It is perhaps a natural human impulse to view with horror and disgust all manners and customs different from those to which we are used. Ants and savages put strangers to death. And those who have never traveled either physically or mentally find it difficult to tolerate the queer ways and outlandish beliefs of other nations and other times, other sects and other political parties. This kind of ignorant intolerance is the antithesis of a civilized outlook, and is one of the gravest dangers to which our overcrowded world is exposed.β
Bertrand Russell (1950)