MPE_QUAM Quantitative Methods in Transport

Faculty of Economics and Administration
Autumn 2017
Extent and Intensity
0/0/0. 6 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Andrew Smith (lecturer), Mgr. Hana Fitzová, Ph.D. (deputy)
Dr. Phill Wheat (lecturer), Mgr. Hana Fitzová, Ph.D. (deputy)
Mgr. Hana Fitzová, Ph.D. (assistant)
Ing. Monika Jandová, Ph.D. (assistant)
Ing. Michal Kvasnička, Ph.D. (assistant)
Ing. Tomáš Paleta, Ph.D. (assistant)
Guaranteed by
prof. Ing. Zdeněk Tomeš, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Wed 11. 10. 9:20–12:45 S308, 14:35–17:55 S308, Thu 12. 10. 9:20–12:45 S308, 14:35–17:55 S308
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 25 student(s).
Current registration and enrolment status: enrolled: 0/25, only registered: 0/25, only registered with preference (fields directly associated with the programme): 0/25
fields of study / plans the course is directly associated with
there are 12 fields of study the course is directly associated with, display
Course objectives
This course will introduce students to the economics and econometrics of cost and efficiency analysis. The first day concentrates on cost analysis, covering economic principals, the practical purpose of the analysis and common practical issues that arise when undertaking such analysis. The second day extends the material covered in the first day to encompass allowance for, and measurement of the extent of, inefficient behaviour of firms. The regulatory context and motivation for such analysis will be explored, as well as the key economic principles underpinning the approach. Econometric techniques will be explained including the benefits and approaches to using panel data.
Learning outcomes
Students will be able:
- Describe and verify basic properties of production and cost functions
- Identify economic principals underlying cost/production analysis
- Analyse practical problems that arise when undertaking cost/production analysis
- Determine measurement of the extent of inefficient behaviour of firms
- Explain reasons for regulatory context of cost analysis
- Understand basic analysis approaches – COLS, DEA, SFA
- Apply econometric techniques to cost/production analysis
Syllabus
  • - Theory of production and cost
  • - Properties of cost/production functions
  • - Practical session (using Excel)
  • - Concepts (departure point and extension) and motivation in economics regulation and basic analysis approaches (COLS, DEA , SFA)
  • - Panel data efficiency analysis – general benefits, approach and key issues
  • - Example session using LIMDEP/Nlogit
Literature
  • COELLI, Tim. An introduction to efficiency and productivity analysis. 2nd ed. New York: Springer, 2005, xvii, 349. ISBN 0387242651. info
Teaching methods
The course comprises six one and a half hour lecture style sessions with practical examples included within.
Assessment methods
A question set will be given to students to be completed after the course has been delivered. It is expected that submissions will be no more than 2000 words.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Výuka bude probíhat v učebně S308 ve dnech středa 11. 10. 9.20-12.35; 14.35-17.50; čtvrtek 12. 10. 9.20-12.35.
The course is also listed under the following terms Autumn 2016, Spring 2019, Autumn 2021.
  • Enrolment Statistics (Autumn 2017, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2017/MPE_QUAM