ISEG SUMMER SCHOOL 201529/03/2015 22:28:50
ISEG Summer School
13th - 22th JULY 2015 - LISBON - PORTUGAL
"Course on Bayesian Analysis of Stochastic Frontier Models Using WinBugs"
Mike G. Tsionas, Lancaster University Management School
Date: 20th July to 22nd July
Hours: 09.00am to 13.00pm
Bayesian techniques are by now standard tools in the arsenal of applied econometrics. Bayesian techniques in challenging models are implemented using Markov Chain Monte Carlo methods (MCMC). Stochastic frontier models are widely used for efficiency and performance estimation. They involve integrals that make estimation by maximum likelihood methods challenging.
The purpose of the course is to introduce students to the Bayesian analysis of stochastic frontier models using Bayesian MCMC techniques. We will the powerful WinBugs software which is freely available on the web, along with real life data to illustrate the range of application of Bayesian stochastic frontier models that can be estimated in practice.
"Critical Perspectives and Political Economy of Development"
Alice Nicole Sindzingre, EconomiX-University Paris-West, France
Date: 13th July to 15th July
Hours: 14 .00pm to 18.00pm
The course will present a series of critical theoretical perspectives on economic development. The concept of economic development is presented through the lenses of the current debates on the conditions for structural change in developing countries and on the determinants of growth that would be the most crucial - as theories of growth now identify several possible sets of determinants beyond physical or human capital.
These critical perspectives will rely on concepts elaborated within mainstream economics as well as on concepts built by other social sciences, in particular, political economy. 'Heterodox' and interdisciplinary approaches will be examined, such as, for example, concepts of cumulative causation, irreversibility and traps (Brian Arthur, Paul David), or critical views on the determinants of development, regarding, for example, the role of the state and the appropriate public policies (Irma Adelman, Yilmaz Akyuz).
The course refer to low-income countries, but also to emerging countries: indeed, their spectacular growth challenges mainstream theories and provides important lessons, as does their contrast with low-income countries' economic stagnation.
"The Economics of Austerity"
Fernando Cardim de Carvalho, Institute of Industrial Economy (UFRJ)
Date: 13th July to 16th July
Hours: 10.00am to 13.00pm
1. Introduction: What does austerity mean to achieve?
2. Austerity Mark I: The Treasury View
3. Austerity Mark II: Germany After World War II
4. Arguments Against Austerity
5. Austerity Under Different Fiscal and Monetary Regimes
+ Find more informations here.