Skip to main content

Causal Estimation and Inference

A sequence of teaching resources on causal identification, estimation, and inference, with an interactive matching lab.
Author

Mike Aguilar

← Quant resources

How can we learn what a treatment, policy, or decision causes? Begin with the overview, then work through the resources in order—from potential outcomes and research design to matching, panel methods, instruments, and heterogeneous effects.

Overview

Start with Causality Overview, then watch What Is Causality?

POWERPOINT

Causality Overview

The starting point for the course sequence.

Download PowerPoint

What Is Causality? · Download MP4 (44.1 MB)

Potential Outcomes

Define causal effects by comparing potential outcomes and identify the missing counterfactual.

LECTURE 01 · PDF · 7.6 MBPotential Outcomes

Directed Acyclic Graphs (DAGs)

Represent causal assumptions with graphs and reason about which variables to adjust for.

LECTURE 02 · PDF · 2.2 MBDirected Acyclic Graphs (DAGs)

Random Experiments

Use random assignment to build credible comparisons between treatment and control groups.

LECTURE 03 · PDF · 6.6 MBRandom Experiments

Matching

Build comparisons using observed pretreatment characteristics, then examine overlap and balance.

LECTURE 04 · PDF · 5.0 MBMatching
INTERACTIVE LAB

The Torpedo Bat Study

Explore a reproducible simulated study. Inspect the original data, try matching or weighting, check balance, and reveal the estimate and simulation truth separately.

Opens in a separate tab. Saved comparisons last for the current page session.

Regression Adjustment

Use regression to adjust comparisons for observed characteristics.

LECTURE 05 · PDF · 2.6 MBRegression Adjustment

Omitted Variable Bias (OVB)

Examine how omitted confounders can distort a regression estimate.

LECTURE 06 · PDF · 1.1 MBOmitted Variable Bias (OVB)

Panel Fixed Effects

Use repeated observations to account for unobserved differences that remain fixed over time.

LECTURE 07 · PDF · 0.8 MBPanel Fixed Effects

Difference-in-Differences (DiD)

Compare changes across groups and examine the assumptions behind the comparison.

LECTURE 08 · PDF · 3.8 MBDifference-in-Differences (DiD)

Instrumental Variables (IV)

Study how an instrument can identify causal variation when treatment is endogenous.

LECTURE 09 · PDF · 1.4 MBInstrumental Variables (IV)

Regression Discontinuity (RD)

Use a treatment-assignment cutoff to compare observations near a threshold.

LECTURE 10 · PDF · 1.1 MBRegression Discontinuity (RD)

Synthetic Control

Construct a comparison unit from a weighted combination of untreated units.

LECTURE 11 · PDF · 0.8 MBSynthetic Control

Synthetic Difference-in-Differences

Combine weighting and difference-in-differences to build a counterfactual comparison.

LECTURE 12 · PDF · 1.0 MBSynthetic Difference-in-Differences

Heterogeneous Treatment Effects (HTE)

Investigate how treatment effects differ across people, groups, or characteristics.

LECTURE 13 · PDF · 1.8 MBHeterogeneous Treatment Effects (HTE)

Simultaneous Systems

Study identification when outcomes and explanatory variables are jointly determined.

LECTURE 14 · PDF · 2.8 MBSimultaneous Systems

↑ Return to overview · Browse all Quant resources