12 May - 30 June 2019

Many aspects of business and policy can impact individual agents, be they consumers, firms, governments, or other organisations. From pricing schemes that maximise firm profits, to tax incentives that prioritise societal goals, the success or failure of business strategies and government policies is often determined by prior understanding of the behavioural response of individual agents.

Instructed by Dr Akshay Vij, Research Fellow, Institute for Choice, this is an applied econometrics course that will use theories of individual decision-making from microeconomics and psychology, and quantitative tools from the field of choice modelling, to describe, explain and predict how individual agents choose between a set of alternatives. Applications will be drawn from transportation and land use, public health, environmental economics, and consumer behaviour and marketing. Through case studies, participants will get a solid grounding in behavioural theory, and gain hands-on experience with model development and business and policy analysis.