Three U.S. University Professors Win Nobel Prize For Economics

Three U.S. University Professors Win Nobel Prize For Economics

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The video discusses the contributions of David Card, Joshua Angrist, and Guido Imbens to labor economics and causal analysis. Card's work on the market effects of minimum wage and the demonstration by Angrist and Imbens on deriving cause and effect from natural experiments are highlighted.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who is David Card and what is his affiliation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What contributions did Card, Joshua, Grass, and Guido make to labor and economics?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the analysis of causal relationships in economics?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What specific market effects did Card study regarding minimum wage?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How do natural experiments contribute to understanding cause and effect in economics?

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