In this lecture we discuss framework of randomized controlled experiments, their common pitfalls and estimation strategies 00:00 Introduction 10:40 Potential outcomes 16:25 Average treatment effect 18:26 Average treatment effect estimation 23:50 Mathematical framework of average treatment effects 34:24 Differences estimator 42:20 Causal effect that depends on observables 52:18 Threats to internal validity 1:13:02 Threats to external validity 1:17:37 Conclusion The course “Econometrics II“ for the 3rd year bachelors in Economics Taught at BRICS institute, Irkutsk National Research Technical University, Winter semester 2022
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