Concept

Exogenous and endogenous variables

Related lectures (4)

Explores the impact of productivity shocks and government policies on key economic variables.

Analyzes a macroeconomic model focusing on labor income share and the effects of productivity shocks on GDP, consumption, investment, and stock prices.

Conceptual Quiz and Discussion

Covers conceptual questions on change of variables, functions, derivatives, integration, and potential energy.

Instrumental Variables: Part 1

Introduces instrumental variables to address endogeneity issues, using examples to illustrate practical applications and testing requirements.