Week 5 - 09/18

Date: Sep 18th - Sep 20th

What we will cover

This week, we will talk about Randomized Controlled Trials (RCTs). Why is this study design considered sometimes the “gold standard”? How can this identification strategy allow us to make causal claims? Are there shortcomings related to RCTs?

  • Angrist & Pischke. (2015). “Mastering Metrics”. Chapter 1: Randomized Trials. Pg. 12-33.

  • Marginal Revolution University. (2020). “Randomized Trials: The Ideal Weapon”. Video materials from Mastering Metrics.

  • Deaton, A. (2020). “The Problem with Randomized Controlled Trials”. CEPR & VideoVox.


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Download the R Script for the in-class exercise here:


Here is the full R script for this class, with some additional questions:


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