How to Read Economics Research Papers: Randomized Controlled Trials (RCTs)
This video walks you through how to read economics research papers that use randomized trials (sometimes called randomized controlled trials or randomized clinical trials or RCTs).
First, we’ll learn how to read descriptive statistics and check for balance between control and treatment groups. Then we’ll move onto reading study results, including an explanation of why regression is used with randomized controlled trials.
This video builds off of Josh Angrist’s introduction to randomized trials (link below) that featured an economics research study from the Economics of Education Review. This research paper covered a randomized trial conducted at West Point that measured the impact of classroom electronics on learning.
A short chat with our Pulitzer-Prize winning colleague.
Economics of the Media course: http://mruniversity.com/courses/economics-media
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https://www.youtube.com/watch?v=EkkLK705TV0
How do we know that trade is good for economic development? This video covers a few natural experiments, comparing GDP in countries that face high trade barriers to those with relatively free trade. Some of these experiments include: the difference in GDP between land-locked countries and those with access to coasts; how the closing of the Suez Canal in 1967 affected GDP in certain countries; how trade liberalization in China in 1978 led to a boom in economic growth; and how India's service sector has taken off thanks to trade. This video also covers sources of growth from trade beyond comparative advantage, including how competition spurs efficiency and productivity; how investment differs before and after trade liberalization; and how increases in knowledge and ideas affect productivity.
International Trade course: http://mruniversity.com/courses/international-trade
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https://www.youtube.com/watch?v=Q7Dl6NhxWqc
We understand cost curves and entry and entry/exit decisions. Now we are going to explore how each firm’s decisions influence the supply curve. Here’s the key question: As industry output increases, what happens to costs? We look at three options: an increasing cost industry, a constant cost industry, and a decreasing cost industry.
First up, we look at oil as an example of an increasing cost industry. Other examples of increasing cost industries include copper, gold, and silver, coffee, and even the profession of nuclear engineers.
Microeconomics Course: http://bit.ly/20VablY
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https://www.youtube.com/watch?v=oESAMwiF40c
Development Economics course: http://mruniversity.com/courses/development-economics-0
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https://www.youtube.com/watch?v=TrBL3cmznUY
Finance runs on trust but trust is scarce. We look at how law can help to generate trust using Mexico's security law and recent reforms as an example.
Mexico's Economy: Current Prospects and History course: http://mruniversity.com/courses/mexicos-economy-current-prospects-and-history
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https://www.youtube.com/watch?v=hi0REEAmFQ8
Great Economists: Classical Economics and its Forerunners course: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners
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https://www.youtube.com/watch?v=vE7NxBgbMvA
Great Economists: Classical Economics and its Forerunners course: http://mruniversity.com/courses/great-economists-classical-economics-and-its-forerunners
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https://www.youtube.com/watch?v=qpf6zB2zwIM
This is a very sorry story about public health and some reasons why it so often goes wrong.
Development Economics course: http://mruniversity.com/courses/development-economics-0
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https://www.youtube.com/watch?v=jU4lyPAdmJ0
We’ll look at the costs and consequences of tariffs, quotas, and protectionism. How do tariffs affect consumers? What about producers? Who wins and who loses? Find out with this video.
We’ll apply the fundamentals we learned in the supply, demand, and equilibrium section of this course to real-world examples — like that of protectionism in the U.S. sugar industry — to determine lost gains from trade or deadweight loss, the tariff equilibrium vs. the free trade equilibrium, and the value of wasted resources as a result of tariffs.
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https://www.youtube.com/watch?v=Gr-Ld7DnBZQ