Course content

This course covers the econometric study of individual choice and behavior. This includes models and estimation methods for binomial and multinomial choice, econometric approaches to sample selection problems, censured data and duration data.

Learning outcome

Knowledge:

Students will

• learn multiple methods for estimating econometric models based on microdata and individuals' and firms' choices between discrete alternatives and situations with censoring and sample selection, etc.
• learn how different methods can be applied to different types of data and problems.
• learn what limitations the different methods and models have.

Skills:

Upon completion of the course, students will

• be familiar with key methods for conducting credible empirical analyses based on microdata
• be able to conduct own empirical studies based on such data and assess the credibility of empirical results
• be able to apply modern econometric software for empirical analyses based on microdata

General competence:

Upon completion of the course, students will

• be able to read and understand research reports and articles that make use of the concepts and methods discussed in the course
• be able to use the course content in their own independent academic work, such as a master's thesis

Learning methods and activities

2 hours of lectures every week. The course has compulsory activities. Specific requirements will be announced at the beginning of the term.

Compulsory assignments

• Mandatory activity

Specific conditions

Recommended previous knowledge

Bachelor's degree in Economics

Required previous knowledge

None

Course materials

Announced at the beginning of the term.