AØKK08329U Seminar: Discrete Choice Modeling: Recent Extensions and Applications CANCELED
M.Sc. of Economics
The seminar is primarily for students at the MSc of
Economics
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.
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.
Students are required to have some econometrics knowledge at the level of Econometrics B and knowledge of advanced microeconometrics would be an advantage.
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
for enrolled students. More information about registration, schedule, rules, courses etc. can be found at the student intranet (KUnet) for courses (English) and student intranet (KUnet) for courses (Danish).
More information about seminars is available in KUnet for Study Programme (UK) and Study Programme (DK).
- Credit
- 7,5 ECTS
- Type of assessment
- Written assignmentOral examination, 30 min under invigilationA 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.
Course information
- Language
- English
- Course code
- AØKK08329U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 semester
- Placement
- Autumn And Spring
- Schedule
- Autumn: Week 36-50
Spring: Week 6-21 - Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Course responsibles
- Kibrom Araya Abay (17-78766f7f7c7a3b6e7f6e866e3b6e6f6e864d72707c7b3b78823b7178)