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This course prepares students to engage critically with the economics of crime, with an emphasis on empirical research that uses modern methods of causal identification. We cover the effects of policing, punishment, labor market conditions, and education on crime, as well as public policy in illegal markets and the dynamics of organized crime. Students will learn to assess the existing evidence, identify gaps in the literature, and design original projects with the potential for high-impact publication.

Students should be comfortable with microeconomic theory — in particular the analysis of market failures and welfare — and with modern methods of causal identification, including differences-in-differences, regression discontinuity, and instrumental variables. Prior coursework in econometrics is strongly recommended.

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