After a long period of absence due to the Pandemic, ISEG will again host the “ISEG Summer School“, a 12-hour program open to the whole world. As the oldest school of Economics in Portugal, ISEG offers a solid and plural academic environment to critically engage with new and thriving lines of economic thinking. Our Summer Schools therefore represent an opportunity to get in touch with the current leading edge thinking in Economics and how it seeks to relate to real world issues and problems.
Course: Experimental Economics
Keynote Speaker: Seda Ertac
Date: 10 – 13 July 2023
Room: 102 and 103 (Francesinhas 2)
This course aims to introduce students to experimental economics and teach them how to use experimental methods (laboratory and field experiments) to solve research questions. We will start with the methodology of designing experiments and then study a select series of topics where experiments help us understand behavior better. The course syllabus also embraces interdisciplinary elements (eg, from psychology, neuroscience).
Tentative List of Topics:
1. Introduction to Experiments
-What are experiments? How can experiments help us understand economic behavior?
-The history of experimentation in economics
-What is a good experimental design?
-Laboratory and field experiments
3. Understanding Preferences through Experiments
-Other-Regarding (Non-selfish) Preferences: Altruism, Fairness, Trust, Reciprocity
-Risk and Time Preferences
4. Game-Theoretic Experiments (eg coordination games, cooperation)
5. Gender Differences in Economic Decision-Making: An Experimental Perspective
6. Field Experiments in Education and Development
Course: Topics in Labor Economics, Migration, and Intergenerational Mobility
Keynote Speaker: Jan Stuhler
Date: 17 – 20 July 2023
Room: Novo Banco (Quelhas 6)
This course reviews the recent contributions in labor economics on (i) inequality and intergenerational mobility and (ii) the effects of immigration and local adjustments to economic shocks on the labor market. We first cover the literature on intergenerational mobility, with a particular focus on novel research designs which exploit large-scale administrative data, recent evidence on multigenerational mobility, and the role of firms in intergenerational processes. We then study local adjustments to economic shocks. While our focus is on the labor market effects of immigration, we also cover related work on labor demand and other economic shocks. We also discuss the implementation and challenges of the “shift share” instrumental variable approach. Theoretically, we compare classic factor proportions and more recent monopsonistic models of the labor market, whereas empirically, we study the different margins of adjustment via which local labor markets may adjust.
-Multigenerational and Extended-kin Evidence
-The Role of Firms in Intergenerational Persistence
-Area Studies and Shift-share Instrumental Variables
-The Labor Market Effects of Immigration
-Labor Demand Shocks
The course is structured around empirical papers, in particular the papers listed below. Useful background reading are Cahuc, Carcillo and Zylberberg (2014, or previous edition) or Borjas' “Labor Economics”.
The course is divided into six modules (+1 optional module).
References for each module HERE.
Course: Tax Policy Economics
Keynote Speaker: Wojciech Kopczuk
Date : 24 – 26 July 2023
Room : Novo Banco (Quelhas 6)
The objective of the course is to introduce students to the state-of-the-art research on the economics of taxation.
The course will be a mix of theory and empirical applications and will also include a short refresher of the standard empirical approaches used in applied microeconomics (IV, diff-in-diff, regression discontinuity and kink designs, kinks, and notches).
The course is planned for 24-26 July, 2023, in Lisbon, Portugal, with a total of 12 hours lecture time, which this is approximately equivalent to half-a-semester of a PhD class that I teach at Columbia. It assumes graduate level preparation in microeconomics and econometrics and is intended for PhD students.
Depending on time constraints/the number of students/interest, there will also be an option of one-on-one meetings with those students who are interested to talk about their research ideas that are related to public economics.
Outline of the sessions:
Monday: The efficiency cost of taxation (excess burden, Marginal Cost of Funds); classical optimal taxation (basic structure, solution methods, and results; commodity and income taxation, externalities); capital and dynamic taxation
Tuesday: Introduction to empirical approaches, behavioral responses to taxation (labor supply and taxable income, income shifting, other margins), tax evasion, avoidance and administration.
Wednesday: Capital income, wealth and inheritance taxation; business and corporate taxation; Value Added Tax.
Course: Empirical methods for policy evaluation
Keynote Speaker: Monica Costa Dias
Date : 24 - 27 July 2023
Room : Novo Banco (Quelhas 6)
This course examines the problem of quantifying the causal effects of an intervention or `treatment' when exposure to treatment is not randomly allocated. We will focus on the empirical methods currently used in the applied micro-econometrics research literature for causal analysis. We will also discuss and critique the evaluation problem and the most prominent empirical approaches to it, focusing on the underlying assumptions, identification strategies, parameters identified under different conditions, and relative merits and weaknesses of the evaluation of policy interventions. The various methods will be interrelated within a common framework.
-Causality in economics and the evaluation problem
-Parameters of Interest
-Event Studies and Difference in Differences
-Heterogeneous Treatment Effects, LATE, and Marginal Treatment Effects
– General public, early bird (until 15 May, 2023): €120 per course.
– Students, early bird (until 15 May, 2023): €90 per course.
– General public (after 15 May 2023): €180 per course.
– Students (after 15 May, 2023): €110 per course.
– Reduced fees for ULisboa faculty.
Note: Tuition fees include all materials required for the course and also the provision of information about accommodation and restaurants near ISEG.