LAB OF ECONOMIC ANALYSIS OF DECISION MAKING
Final written exam. 50% of the final grading will be based on group works and presentations.
The course aims to provide the analitycal tools for decision making in private and public firms. Evaluation of strategies, projects or policies require the ex-ante analisys of benefit and costs, as well as the ex-post analisys of the effects of the decisions adopted.
In the Laboratory actual situations with competing alternatives will be analized and some of the evaluation methods will be presented. These methods are useful for choices under uncertainty and in dynamic context.
1. Multicriteria Analysis
2. Efficiency analysis: Data Envelopment Analysis
3. Discrete Choices: Multinomial logit
4. Decision process
4.1. Nested decisions: Nested logit
4.2. sequential decisions: bivariate probit (with selection)
Cameron A.C., Trivedi P. K., Microeconometrics, Methods and Applications.
Teacher notes
lectures, tutorials, group works, presentations
Study materials such as course slides and exercises will be available at the end of the course on www.ecopol.uniss.it