AØKK08329U Seminar: Discrete Choice Modeling: Recent Extensions and Applications CANCELED

Volume 2015/2016
Education

M.Sc. of Economics
The seminar is primarily for students at the MSc of Economics

Content

The purpose of this seminar is to give students an insight into the state-of-the-art discrete choice modeling approaches and their applications in various economic problems and behavioral decisions. The seminar will focus on familiarizing students with the application of discrete choice models in various problems including demand modeling, forecasting, valuation of non-marketable goods and transport modeling. Students are encouraged to apply more flexible discrete choice models and estimation approaches to various types of behavioral problems involving discrete choice outcomes.

Learning Outcome

Some of the topics that may be covered in this seminar include:

  • Estimation and application of discrete choice models  to various behavioral decisions

  • Application of discrete choice models in demand modeling , forecasting and transport modeling

  • Application of simulation-based estimation approaches to discrete choice models

  • Specifying and applying bivariate and multivariate discrete choice models

  • Application of ordered choice and discrete-continuous choice  models

  • Application of discrete choice models to evaluate non-marketable goods

  • Estimation and application of mixed logit (random parameters) models

  • Evaluating alternative estimators to discrete choice modeling

  • Unobserved heterogeneity and heteroscedasticity in discrete choice models

     

However, topics that lie outside those mentioned above are also welcome if they involve microeconometric models for discrete data.

  • Train, K. (2009). Discrete Choice Methods with Simulation. Cambridge University Press, New York, NY.
  • Wooldridge, J.M. (2010). Econometric Analysis ofCross Section and Panel Data.
  • Greene, W., Hensher, D. (2010). Modeling Ordered Choices: A Primer. Cambridge University Press, Cambridge.
  • McFadden, D., Train, K., 2000. Mixed MNL models for discrete response. Journal of Applied Econometrics 15(5), 447-470.
B.Sc. in Economics
Students are required to have some econometrics knowledge at the level of Econometrics B and knowledge of advanced microeconometrics would be an advantage.
The teaching and learning method for the seminar involves: Planning meeting at the beginning of the semester, then students write seminar paper during the semester and presentations are made at the end of the semester.

More specifically the structure of the seminar is organized as follows:
1. Introduction aand first group meeting: During this meeting the teacher will talk about selected topics related with discrete choice models and general overview of the seminar. Students can ask questions on the scope of the topics covered in the seminar. Afterwards, students can start working on their term paper on a specific topic.

2. Student presentaions: Towards the end of the seminar students will present their term paper and serve as discussants for others in the group.

3. Term paper: students are required to write a 12-page paper and submit it within 2 weeks after their presentation. Students can use three types of data for writing the term paper: (a) appropriate micro data of their own that requires discrete choice modeling. (b) They can replicate and re-analyze some influential papers in the literature. Students choosing this approach should discuss with the teacher at beginning of the semester to ensure the relevance of the paper they want to reanalyze. (c) Students can also use simulated data to demonstrate a certain phenomenon, for instance, to evaluate the efficiency of alternative estimators.

Throughout the semester, the teacher will have some time for individual meetings with the students.

Autumn 2015: 7 September 2015 at 10-11am
Spring 2016: 12 February 2016 13-15
  • Category
  • Hours
  • Exam
  • 0,6
  • Project work
  • 188
  • Seminar
  • 18
  • Total
  • 206,6
Credit
7,5 ECTS
Type of assessment
Written assignment
Oral examination, 30 min under invigilation
A written seminar paper and a 20 minuts oral presentation for the others participans at the seminar and 10-15 minuts of discussion.
Exam registration requirements

Attendance on the seminar. The mandatory commitment paper and seminar paper have been handed in at deadline.

Aid
All aids allowed

Al aids for the written seminarpaper.

For the oral presentation: Informed by the teacher.

Marking scale
7-point grading scale
Censorship form
External censorship
up to 20 % censorship at the seminarpaper
Exam period

Autumn 2015:

Deadline for handing in a one-page outline of the paper not later than 19 October 2015.

The final group meeting is 30 November 2015 (10-15am).

Deadline for submitting the final term pape not later than 7 December 2015 at midnight.

Spring 2016:

Dealine commitment paper: 1 Marts 2016 

Presentations:17 May 12-16
Deadline final term paper: 26 May  at midnight.

 

 

Re-exam

Submission of a written assignmetn and an oral exam in which you may be examined in the presentations of the other students participating in the seminar during the enrolment period in question.

Criteria for exam assesment

The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.