751-1555-00L  Empirical Agricultural Economics

SemesterSpring Semester 2020
LecturersD. J. Wüpper, T. Dalhaus
Periodicityyearly recurring course
Language of instructionEnglish


AbstractThis course covers quantitative methods to answer empirical research questions in agricultural economics and related disciplines. Such questions include causes of agricultural outcomes and effects of policies. Covered: Difference-in-Difference, Regression Discontinuity Design, Instrumental Variables, Choice Experiments, Non-linear climate impacts and more. Lectures and practical exercises.
ObjectiveAfter successful completion of the course, the students understand the potential and limitations of different econometric methods to answer their research questions. They understand the assumptions that need to be fulfilled and they know how to apply the methods. When they see applications of the methods, they can assess the reliability of the results.
ContentRegression,
Difference-in-Difference,
Regression Discontinuity Design,
Instrumental Variables,
Choice Experiments,
Non-linear Effects,
Weather Risks and Climate Change in Agriculture,
Weather Data handling,
Insurance design
LiteratureAngrist and Pischke: Mastering Metrics
Greene: Econometric Analysis
Prerequisites / NoticeBasic knowledge in microeconomic theory, statistics, and econometric analysis is clearly helpful but not required. Experience with the application of statistical software is advantageous too.