2012 SUMMER SCHOOL IN ECONOMICS (SSECO)
2012 Courses
May 7, 9, 11, 15, 16 and 18. / Nonparametric Sequential Prediction of Stationary Time Series with Application to Portfolio Selection, László GyörfiMay 21-25 / Health Economics, Roger Feldman
May 29-31 / Firms’ Strategies, Market Structure and Bargaining in Two-tier Industries, Emmanuel Petrakis
June 4, 6, 8, 11 and 12 / Empirical Processes with Applications to Econometrics, Juan Carlos Escanciano
June 13-19 / Economics of Health Care in the Public and Private Sectors, Ching-To Albert Ma
June 26-29 / Innovation, Patents and Firm Competitiveness, Álvaro Escribano and Andrea Fosfuri
Contact Information
Laura García Llamas
E-mail:
Tel: (34) 91 624 58 96
Fax: (34) 91 624 98 72
Nonparametric Sequential Prediction of Stationary Time Series with Application to Portfolio Selection
Course Description
This course develops non-parametric methods for dependent data with applications to Finance, including optimal portfolio selection in a general setting. The goals of the course include the revision of the theory on sequential investment strategies for financial markets in a multi-period discrete time framework; description of non-parametric methods for the prediction of time series; revision of basic principles of universal consistent estimation; efficiency analysis of predictions based on combination of estimates; and empirical illustration of these methods.
Instructor
László Györfi
Professor of Computer Science and Information Theory at Budapest University of Technology and Economics. László Györfi received his Phd in Mathematical Sciences from the Hungarian Academy of Sciences (1988). Professor Györfi’s areas of research include stochastic approximation, pattern classification, non-parametric density, regression and entropy estimation, prediction of time series, multiple access communication, source coding and empirical portfolio selection. He has over one hundred publications in the main statistical and mathematical journals and is co-author of eight monographs.
Dates
May 7, 9 and 11: 16:00-19:00
May 15, 16 and 18: 16:00-18:00
Venue:
Universidad Carlos III de Madrid (Getafe Campus)
Calle Madrid, 126
Building 15, Room 15.0.15 (Map)
Registration Fee
500 Euros*
*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 300 Euros. Students may apply for scholarships by sending the Application Form at , indicating as subject “SSECO-scholarship”. Course attendees need to arrange and pay for their own lodging.
Scholarships Applications will not be considered after April 30, 2012.
Health Economics
Course Description
This course will cover a wide range of topics in Health Economics, such as health insurance and moral hazard, health insurance and adverse selection, the demand for health and health care, addiction and non-convential approaches to economic behavior.
Instructor
Roger Feldman
Blue Cross Professor of Health Insurance at the University of Minnesota. Roger Feldman received his Ph.D. in Economics from the University of Rochester. He specializes in applying economic theory to health services research. He is a regular contributor and referee of articles in major professional journals, and serves as consultant to national agencies such as the U.S. Department of Health and Human Services and the Congressional Budget Office. In 1984-1985, he served as senior staff economist for health policy and economics on the President’s Council of Economic Advisors. From 1988 to 1992, he directed the HCFA Research Center funded by the Health Care Financing Administration. He teaches advanced health economics
Dates
May 21- 25: 16:00-18:00
Venue
Universidad Carlos III de Madrid (Getafe Campus)
Calle Madrid, 126
Building 15 Room 15.0.15 (Map)
Registration Fee
300 Euros*
*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 200 Euros. Students may apply for scholarships by sending the Application Form at , indicating as subject “SSECO-scholarship”. Course attendees need to arrange and pay for their own lodging.
Scholarships Applications will not be considered after May 14, 2012
Firms’ Strategies, Market Structure and Bargaining in Two-tier Industries
Course Description
The purpose of this course is to analyze strategic interactions in two-tier structures and investigate their impact on market outcomes and social welfare, as well as to suggest alternative policy measures to correct for market inefficiencies. With two-tier structures we refer to the relationships between manufacturers and retailers, input suppliers and final good producers, unions and firms/employers and shareholders/owners and managers. The basic results of each of these branches of the literature will be studied, while particular emphasis will be given to the identification of the structural similarities and dissimilarities among them. Particular attention will be paid in multi-lateral bargaining situations which are commonly observed in two-tier industries.
Instructor
Emmanuel Petrakis
Professor of Industrial Organization and Policy at the University of Crete (Greece), Emmanuel Petrakis received his Ph. D. in Economics from the University of California Los Angeles (1990). Professor Petrakis´s areas of interest fall broadly into the area of applied game theory, with emphasis on industrial organization and policy issues such as innovation, advertising, product quality, vertical relations, manager-owners contracting, union-firm bargaining, trade and environmental policies, etc. He has published his work in top journals, including RAND Journal of Economics, Journal of Economic Theory, International Economic Review, European Economic Review, Journal of International Economics, Economic Theory.
Dates:
May 29: 16:00-20:00
May 30 and 31: 16:00-19:00
Venue
Universidad Carlos III de Madrid (Getafe Campus)
Calle Madrid, 126
Building 15, Room 15.0.15 (Map)
Registration Fee
300 Euros*
*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 200 Euros. Students may apply for scholarships by sending the Application Form at , indicating as subject “SSECO-scholarship”. Course attendees need to arrange and pay for their own lodging.
Scholarships Applications will not be considered after May 22, 2012.
Empirical Processes with Applications to Econometrics
Course Description
This course consists of two parts. In the first part we review basic concepts of stochastic processes and give an introduction to modern empirical processes theory. We cover concepts such as asymptotic tigthness, stochastic uniform equicontinuity, bracketing and covering numbers, Glivenko-Cantelli and Donsker theorems, the continuous mapping theorem and the functional delta method. In the second part, we consider applications to econometrics and use these theoretical results in problems such as model specification, estimation in semiparametric models and the bootstrap.
Instructor
Juan Carlos Escanciano
Professor of Economics at Indiana University, Juan Carlos Escanciano received his Ph.D. in Economics from Universidad Carlos III de Madrid. Professor Escanciano’s areas of interest fall broadly into the area of econometric theory, with an emphasis on specification testing in econometric models for cross section and time series sequences. Most of his research has focused on the development of consistent specification tests using the modern theory of empirical processes for dependent data. He has published his work in top journals, including Journal of the American Statistical Society, Journal of Econometrics, Econometric Theory, Statistica Sinica, Computational Statistics and Data Analysis.
Dates
June 4, 6, 8, 11 and 12: 16:00 - 19:00
Venue
Universidad Carlos III de Madrid (Getafe Campus)
Calle Madrid, 126
Building 15, Room 15.0.15 (Map)
Registration Fee
500 Euros*
*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 300 Euros. Students may apply for scholarships by sending an application letter documenting the merits of their request to the Director of SSECO, Diego Moreno at , indicating as subject “SSECO-scholarship”. Course attendees need to arrange and pay for their own lodging.
Scholarships Applications will not be considered after May 28, 2012.
Economics of Health Care in the Public and Private Sectors
Course Description
The first part of the course analyses which payment methods give doctors and hospitals theright incentives to reduce costs without jeopardizing quality. The second part of the course deals with the private and public interaction of health care services. Issues such as moonlighting, waiting lists and patient selection are going to be addressed.
Instructor
Ching-To Albert Ma
Professor of Economics at Boston University. Ching-to Albert Ma received his Ph. D. in Economics from the London School of Economics. Professor Ma’s main research interests are in the area of Health Economics. Most of his research has used industrial organization models and tools to analyze the optimal contracts within complex organizations such as the ones found in health care markets taking into account the impact of contracts on incentives of providers and consumers. His research has been published in top journals such as American Economic Review, Econometrica, Quarterly Journal of Economics, Rand Journal of Economics, Review of Economic Studies, Journal of Economic Theory, Journal of Public Economics, Journal of Health Economics.
Dates
June 13, 14, 15, 18 and 19: 16:00-18:00
Venue
Universidad Carlos III de Madrid (Getafe Campus)
Calle Madrid, 126
Edificio 15, Room 15.1.01
Registration Fee
300 Euros*
*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 200 Euros. Students may apply for scholarships by sending the Application Form at , indicating as subject “SSECO-scholarship”. Course attendees need to arrange and pay for their own lodging.
Scholarships Applications will not be considered after June 6, 2012.
Innovation, Patents and Firm Competitiveness
Course Description
Innovation and the investment climate in general are key determinants of firm competitiveness and drivers of productivity and economic growth. This course aims at building a rigorous understanding of the determinants of total factor productivity, innovation, the sources of heterogeneity in firms’ innovation activity and the mapping between innovation, productivity and ultimately competitive advantage. The content of the course will be organized in three blocks. The first block dealswith the investment climate determinants of total factor productivity, employment, exports and foreign direct investment in Spain and other European and nonEuropean countries using data bases of the World Bank. The second block studies the determinants of firm innovation and the sources of heterogeneity in technology commercialization strategies. The third block focuses on patents as a measure of intellectual property. Each morning session will cover the most recent findings of the literature, while the afternoon session will be devoted to hands on training activities using basic econometric packages like STATA. The course will be of interest to those students and professionals in the area of economics who want to understand more applied issues, and to those in the area of management who want to build up a more analytical understanding of firms’ behaviour and corporate strategies related to technology and innovation.
Instructors
Álvaro Escribano
Professor of Economics at the Universidad Carlos III de Madrid, Álvaro Escribano received his Ph.D in Economics from University of California San Diego. His research interests focus on the analysis of productivity impacts of investment climate (ICA) and information and communications technologies (ICT), competition in telecommunications and electricity markets, risk management, the econometrics of nonlinear time series and panel data. He has published his work in top journals, including Econometric Theory, Journal of Applied Econometrics, Journal of Time Series Analysis, among others. He is an associate editor of Studies in Nonlinear Dynamics and Econometrics, and Macroeconomic Dynamics.
Andrea Fosfuri
Professor of Management at the Universidad Carlos III de Madrid, Andrea Fosfuri received his Ph.D. in Economics from the Universitat Pompeu Fabra (1998). Professor Fosfuri's research lies at the intersection between Industrial Organization, the Economics of Technical Change and Strategy. Currently, he is an associate editor of Management Science. He has published his work in top journals, including Management Science, Journal of Industrial Economics, Strategic Management Journal, among others.
Dates
June 26 - 29: 10:00-18:00 Tuesday to Thursday and Friday 10:00-13:00
Venue
Universidad Carlos III de Madrid (Getafe Campus)
Calle Madrid, 126
Edificio 15, Room 15.0.15 (mornings) and 15.S.03 (afternoons) (Map)
Registration Fee
800 Euros*
*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 500 Euros. Students may apply for scholarships by sending the Application Form at , indicating as subject “SSECO-scholarship”. Course attendees need to arrange and pay for their own lodging.
Scholarships Applications will not be considered after June 19, 2012.
Map of Universidad Carlos III, Getafe Campus
More information: http://turan.uc3m.es/uc3m/gral/IG/CA/situaget.html