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Economics 191: Topics in Economic Research, Fall 2022

Syllabus v1

This class provides a structure for students to write an original research paper in economics, while exposing them to frontier research by professors of the Department of Economics at UC Berkeley. Course grades are based on a series of research assignments that cumulate in a 20-25 page research paper. Students must choose a research question and begin refining that question, reviewing the literature, collecting data, and developing techniques to answer the research question relatively early in the term. The course requires continued engagement throughout the semester, with a series of tightly  scheduled  assignments.  We  do  not  recommend the  course  if you  have trouble  meeting deadlines. Meeting Structure. A typical three-hour session consists of a 60-90 minute faculty talk (given by one of the economics professors at UC Berkeley), followed by a 90 minute tutorial session (given by the GSIs).                                                                                                                                                                          In the faculty talk, each week’s researcher presents research she or he has been working on. The researchers may share related reading material or slides ahead of the meeting, which we will share and announce via bCourses.                                                                                                                                  In the tutorial session, the GSIs will present a series of lectures on basic methods for applied research. We will post the slides for the tutorials before the class meeting on the bCourses website. Students should review the slides before the meeting. Laptop, Phone and Tablet Policy. Out of respect to the guest speakers, who donate their time to Econ 191, no technology (laptops, phones, tablets) is permitted during the faculty. The only exceptions are DSP accommodations. To request an exception, reach out to the professor to request an exception, accompanied by a DSP letter. Graded Attendance. Again, because the faculty donate their time to give the evening lecture in Econ 191, our responsibility as a group is to encourage attendance and participation. Therefore, in-person attendance is mandatory and graded with “bonus points” both during the faculty talk and the tutorial; we may give bonus points for participation. To accommodate specific concerns, up to two absences are not penalized, no warning or excuse needed. So please do not email us with potential excuses if you fail to attend, as out of fairness to other students, we cannot extend this buffer and this system is to avoid adjudicating justified absences.

Tutorial Leaders and Research Mentors: the GSIs and Readers. The GSIs will lead the tutorials, which occur in the second  part of each weekly session. Along with the GSIs, the  Readers will serve as “research mentors” and meet with you to discuss your research.                                                                 Economics 191 has two GSIs: Petra Laura Oreskovic [email protected] Alfredo Mendoza Fernandez [email protected]

and two Readers:

Jonas Knecht jonasknecht@berkeley.edu

Gerard Martin- Escofet gerard_martin@berkeley.edu

Research Mentor Office Hours:

Alfredo: Tuesday 9- 11amvia Zoom in https://berkeley.zoom.us/j/91234845799

Gerard: Friday 12:30- 14:30pm via Zoom in https://berkeley.zoom.us/j/7502613591

Jonas: Wednesday 12:00-2:00pm via Zoom in https://berkeley.zoom.us/j/5106610295

Petra: Thursday 11am-1pm in Evans 636                                                                                                                 The  OH  schedule  and  the  meeting  modality  may  be  adjusted  during  the  term,  with  bCourses announcement. Research Paper. Each student will write a research paper addressing an important, well-formulated research question. Typically, the most successful papers are empirical, either they are descriptive or they aim to address a causal question, using econometric methods and addressing a question of economic interest.                                                                                                                                                         The required format is:                                                                                                                                                 20-25 pages                                                                                                                                                                      12-point font                                                                                                                                                                   1-inch margins (left and right, top and bottom)                                                                                                     Double spaced                                                                                                                                                                 The file format must be a PDF file. It will be submitted through the course website (TBA).                      The page limit includes text, tables, figures, and references. If it strengthens your paper, you can, but do  not  have to, add an appendix with supplementary  material (e.g., data appendix or additional robustness checks). But the main text of the paper (20-25 pages) should be self-contained. A reader should be able to understand the paper without reading the appendix, and skimming the appendix should suffice for a reader to grasp the paper. The Centrality of Empirical Work (Data Analysis).  Research  papers  must  include  a  formal  data analysis. We do permit students to include in the brainstorming exercises at most one non-empirical idea in Assignments 1 and 2. However, for your final paper to not be empirical, you must obtain permission in advance from the GSI/Reader and the instructor, after Assignment 2. A 100% theoretical paper must be rigorous and mathematically based. Purely narrative papers will not be approved.        For   help  with   econometrics,  we   recommend:  Adrian   Colin   Cameron   and   Pravin   K.  Trivedi, Microeconomics Using Stata,  by  Stata  Press  (available  online),  or  James  Stock’s Introduction to Econometrics textbook. Some of the early tutorial sessions will involve Stata exercises.

Stata and Other Statistical Programs. The campus has 20 concurrent licenses for Stata, which are free

for  you  to  use  https://software.berkeley.edu/stata.  You  can  also  purchase  your  own  copy  at  a

discounted         student         price         or         obtain         a         one-week         free         student         trial

https://www.stata.com/order/new/edu/gradplans/student-pricing/.

This same website contains recorded tutorials for using Stata. The campus Data Lab typically provides live Zoom tutorials for using Stata https://dlab.berkeley.edu/.

If you are competent using Python or R, that is also acceptable. It is highly unlikely that MS Excel will suffice for your final paper.

Academic Misconduct and Plagiarism.     According     to     UC     Berkeley’s     honor     code http://sa.berkeley.edu/conduct/integrity/definition, “As a member of the UC Berkeley community, I act with honesty, integrity, and respect for others.” We expect everyone to obey this code. Please additionally    review    the    material    on    https://gsi.berkeley.edu/gsi-guide-contents/academic- misconduct-intro/ , especially the sections on plagiarism.

Duplication. The requirement for this course is to write an original research paper. You must not turn in a paper that duplicates or includes only a modest extension of a paper of yours prepared for another concurrent or previous course. When in doubt (i.e., if you have conducted research related to the 191 paper beforehand), email the professor before proposal v0 is due with a summary of the previous research (and attach any potential paper you already wrote).

Grading. The following table shows the points awarded for each assignment. The total number of points available is 110 (including 10 “bonus points” for attendance).

Assignment Points

Attendance                                                                   10 “bonus points

Research brainstorming v1                                    5

Research brainstorming v2                                    5

Research proposal v0                                               10

Research proposal v1                                               10

Research proposal v2                                               10

Draft of results                                                            15

Final paper                                                                 45

Content of Assignments and Deadlines

Page format for all submissions below is font size of 12, font Times New Roman or Arial, 1 inch margins. Single-spaced.

1: Brainstorming research questions

o Due: 4:30pm, Sept 8

o On 2 single-spaced pages, brainstorm 4 potential research questions. (You need not take any of those candidates for your actual proposal.) What is this question, why may this  question  be  interesting  or  important,  and  what  may  be  a  way  to  tackle  the question in a research paper (whether such an empirical designs are realistic or not)?

2: Brainstorming research questions

o Due: 4:30pm, Sept 22


o On 2 single-spaced pages, expand your brainstorming of 2 potential research questions in more detail than in Assignment 1. (At least one of them must be from your previous brainstorming assignment and incorporate the feedback from the Research Mentor.)

3: Proposal v0 due Friday

o Due: 4:30pm, Oct 6

o Now, commit to  1  research question.  Unless you  received an exception from your Research Mentor, this topic must be from the second brainstorming proposal.

o 1 page with 3 paragraphs :

§ Paragraph 1 (at most ¼ of the page) : statement of question

§ Paragraph 2: basic approach to answering this question (research design and strategy)

§ Paragraph  3:  list  and  discuss  of concrete data  sources  to  be  used  in  the question, including verification of data availability and accessibility

o Due: 4:30pm, Oct 20

o 3 pages

§ Page 1: revision of your 1 page proposal v0 (update it if needed)

§ Page 2:

•   Literature review: cite and discuss existing research on this question

•   Discuss problems with this evidence, or why you think evidence on this research question is insufficient

§ Page 3: explain why your approach is better or solves the problem you identify on page 2. (This could be methodology, or a new empirical context, or a new data set.)

5: Proposal v2

o Due: 4:30pm, Nov 3rd

o By this date, you should have your data set available and started analyzing it, and honed your research design.

o 7 pages

§ 3 pages: attach proposals v0 and v1 again (update if needed)

o Pages 4-7: present and summarize your data and research design.

§ Divide between (at least 1/3 of the 4 new pages for each) two topics:

•   Discuss in detail the data you will use (how many observations? How many variables?). Ideally, you will have obtained the data and explored it.  Report on your explorations. Are the data  up to the task? Which problems do you see?

•   Elaborate further on your research design: which concrete econometric model(s) you will estimate (what regression equation(s)), which control variables, be clear whether you have the data and why you need those controls, etc. How do you interpret your main regression coefficients? How  will  your  regression  model  or  empirical  analysis  answer  your research question?

6: Overview of your data & initial results

o Due: 4:30pm, Nov 17

o Include the 7 pages of proposal v2 (and update if needed)


o Add 3 new pages of text + separately 2 pages at least containing the 3 tables/figures described below:

§ Table  1:  summary  statistics,  e.g.,  means  of  key  variables  you  will  use  and observation counts

§ Figure 1: key correlation or time series patterns in the data (e.g., time series graph, bar chart, pie chart, etc.)

o Initial, preliminary results from an empirical (econometric) analysis that implements your research design

§ Expand  further  the  discussion  of  the  econometric  model you  preview  in Proposal v2. Now, describe the concrete empirical analysis you are conducting that underlie your first initial results.

§ Table 2: initial regression estimates

§ Describe these initial results. Interpret the magnitudes of the main coefficients, and how they change across different regression specifications (e.g., with and without   controls).   Discuss   statistical   significance   and   precision   of   the coefficients.

§ Provide a brief interpretation of your (initial, preliminary) results in light of your research question.

Deadlines and Late Assignments. For all assignments excluding the final paper, 20% of the points will be  deducted for  each  day  an  assignment  is  late. You  absolutely  must turn  in  every  assignment eventually. The deadlines for the assignments are below. Do not take this course if you cannot meet those deadlines.

The final paper must be turned in by 5:00 pm (PST) December 16, 2022. The final paper will not be accepted after the deadline. There will not be any extensions for the final paper. It is not possible to compress the writing of the paper, so you should spread out your writing over a prolonged period of time. No extensions will be allowed.

Regrades. Requests for regrades will be accepted for reasons of possible clerical error only, and will be handled by the professor only. In a typical year, zero regrades should be expected.

Four Special Meetings. We have four non-standard meetings. On 9/13, we will have a bonus meeting on time series econometrics (attendance not taken for this specific meeting as it meets during Zoom on a Tuesday evening); it will be recorded. On September 29th, we will have a double tutorial. On October 20th, you will sign up for one on one slots with your Research Mentor to discuss Assignment 3 (Proposal v0). In the last meeting on December 1st, we will have a brief open Q&A about last questions on paper writing, and potential (volunteer) student presentations. This final meeting will be used flexibly and its content may change.