| Responsible Department | Institute of Food and Resource Economics | ||||||||||||||
| Research School | Applied Economics (AECON) | ||||||||||||||
| Course Dates | December 1st 2010 - March 31th 2011 | ||||||||||||||
| Course Abstract | The course introduces contemporary methods for efficiency analysis and production analysis in general. It includes econometric estimation of production and cost functions and interpretation of estimation results, It also includes SFA and DEA analysis, and the software R to be used as the tool for analysis, | ||||||||||||||
| Course Registration | To sign up for the course, please send an e-mail to Lars Otto at lars@foi.dk | ||||||||||||||
| Deadline for Registration | January 10, 2011 | ||||||||||||||
| Credits | 5 (ECTS) | ||||||||||||||
| Level of Course | PhD course | ||||||||||||||
| Organisation of Teaching | Teaching takes place at Institute og Food and Resource Economics, Rolighedsvej 25, DK-1958 Frederiksberg C | ||||||||||||||
| Language of Instruction | English | ||||||||||||||
| Course Content | |||||||||||||||
| Econometric estimation of production functions, interpretation of estimation results. Econometric estimation of cost functions and profit functions, interpretation of estimation results. Functional forms: Cobb-Douglas, Translog. Efficiency analysis, including DEA, statistical uncertainty in DEA, Stochastic frontier analysis (SFA), Distance functions | |||||||||||||||
| Teaching and learning Methods | |||||||||||||||
| Private studies of recommended literature including excersises, and individual supervision. Follow relevant lecturs in the two courses Applied Production Analysis and Agribusiness Economics II. | |||||||||||||||
| Learning Outcome | |||||||||||||||
| After completing the course the students should be able to describe approaches in econometric production analysis based on production functions, cost functions, and profit functions, to apply econometric production analysis using real data and interpret the results, and to use econometric production analysis to analyse questions relevant for the agribusiness sector. the student will be able to apply DEA and SFA using R on real data and real applications, and to choose a relevant form for efficiency analysis. | |||||||||||||||
| Course Literature | |||||||||||||||
| Peter Bogetoft and Lars Otto (2011): Benchmarking with DEA, SFA, and R. Springer Verlag | |||||||||||||||
| Course Material | |||||||||||||||
| R manual | |||||||||||||||
| Course Coordinator | |||||||||||||||
| Lars Otto, lo@foi.dk, Institute of Food and Resource Economics/Production and Technology Unit, Phone: 353-36886 | |||||||||||||||
| Other Lecturers | |||||||||||||||
| Arne Henningsen | |||||||||||||||
| Course Fee | |||||||||||||||
| There is no course fee for PhD students from Danish universities. All others must pay a fee of 12.000 DKK | |||||||||||||||
| Course Costs | |||||||||||||||
| No course costs except buying tetbooks | |||||||||||||||
| Type of Evaluation | |||||||||||||||
| In order to pass the course, the participants must hand in a 10-15 page report at the end of the course and defend it an an oral examination | |||||||||||||||
| Work Load | |||||||||||||||
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| Other Remarks | |||||||||||||||
| This is an ad hoc PhD course | |||||||||||||||