A full course in econometrics - undergraduate level - part 1 - Serial correlation biased standard errors (advanced topic) - part 1

This video provides some insight into how serial correlation can arise from clustering of observations. The example is taken from the excellent book by Angrist and Pischke, 'Harmless Econometrics'. Check out https://ben-lambert.com/econometrics-course-problem-sets-and-data/ for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: https://ben-lambert.com/bayesian/ Accompanying this series, there will be a book: https://www.amazon.co.uk/gp/product/1473916364/ref=pe_3140701_247401851_em_1p_0_ti