APPLIED MICROECONOMICS
Obiettivi formativi
The main goal of the course is to give endow students with both state-of-the art tools and expose them to the current debates in the study of firms. The course can be useful both to continue for a PhD and to pursue a professional careers in private or public research centers dealing with firm analysis and regulation.
Risultati di apprendimento attesi
Capacità di analisi empirica rigorosa
Contenuti Del Corso
The class will focus on industry dynamics and productivity. In the first part of the class we will learn to estimate production functions. We will then cover some applications of the
techniques learned: productivity in imperfectly competitive markets, misallocation, measuring markups with production data, IT and productivity, matched employer-employee
data, corporate governance, local development.
Testi Di Riferimento
“Microeconometrics: Methods and Applications”, A. Colin Cameron, Pravin K. Trivedi
“Mostly Harmless Econometrics”, J. D. Angrist and J.-S. Pischke
Metodologie Didattiche
Lezioni
Modalità di verifica dell'apprendimento
The grade will be based on class participation (including the presentation of a paper) and a final exam. I will also assign two problem sets during the class.
Criteri per l’assegnazione dell’elaborato finale
Non è previsto elaborato finale
Settimana 1
Introduction. Basic facts about industry dynamics and productivity. A basic framework to study industry dynamics.
Settimana 2
Production function estimation: the control function approach. Measuring productivity in imperfectly competitive markets.
Settimana 3
Measuring misallocation.
Settimana 4
Dynamism, market power, and the productivity slowdown
Settimana 5
Management, ICT and productivity
Settimana 6
Corporate control and performance