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Practice Questions
Ceteris Paribus Practice Questions
1.
Ceteris paribus
literally means ________________.
*
a. Randomized control trial
b. Selection bias
c. All other things being equal
d. Conterfactual
2. Say you want to study the econ value of additional education. Suppose you have access to data on people with different levels of schooling. Which among them might be best to compare?
*
a. Females growing up in one state.
b. Twins growing up in the same household.
c. Individuals from the same zip code.
d. Twins separated at birth but living in the same state.
3. Private school grads earn 14% more than public school grads on average. What sorts of control variables are likely to get you closer to a ceteris paribus comparison?
*
a. Differences in ambition between the two groups.
b. Differences in test scores between the two groups.
c. Differences in family background.
d. A and B only.
e. All of the above.
4. You’re interested in the economic value of majoring in economics instead of art history. How best might you learn about the causal effect of an economics major on future earnings?
*
a. Compare earnings of economics majors with those of art history majors in the United States.
b. Compare earnings of economics majors with art history majors with similar test scores and ambition.
c. Compare earnings of economics majors with art history majors from the same school.
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Mastering Econometrics
Course
(15 videos)
Introduction
The Path from Cause to Effect
Think Like a Master
Ceteris Paribus
Practice Questions
Selection Bias
Practice Questions
The Furious Five
Randomized Trials
Practice Questions
Regression Analysis
Instrumental Variables
Instrumental Variables, Part Two
Regression Discontinuity Designs
Differences-in-Differences
Bonus: Q&A with Master Joshway
Isn't Econometrics Boring?
What's the Difference between Econometrics and Statistics?
Are Machine Learning and Big Data Changing Econometrics?
What's With All the Kung Fu Stuff?
What's the Difference between Econometrics and Data Science?
Advanced Material: AEA Lecture Videos
Causality, Experiments, and Potential Outcomes
