Assessing Economics and Policies Using the Real Options Methodology

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Summer schools

Certifications & Titles

Course Certificate

Study Options

Full Time

Fees

Regular fees: 250 - 500 EUR

International Fees : 750 EUR

Comment:

Course fees

WASS, PE&RC and WIMEK/SENSE PhDs with TSP: € 250; Other PhDs, postdocs and academic staff: € 500; All others € 750. 

The course fee does not include books. It includes additional training material, coffee / tea, lunches and an informal dinner

The objective of the course is to introduce the origins of the quasi option value and real option values, to teach the methods most commonly used (discrete methods such as decision trees; continuous time, continuous state models using stochastic processes; Itó calculus), and to discuss and practice various applications including non-renewable resource use, technology adoption, climate change, forestry, and food- and bio-safety.

The course will include two parts. One week of lectures and exercises with assignments and a course paper. For passing the course students need to participate in lectures and exercises (min. 90%) and submit the course paper within six month after the course.

Learning outcomes

After successful completion participants are expected to be able to:

  • know the economic implications and relevance of the irreversibility effect;
  • understand economic papers that apply real option models;
  • apply discrete time discrete state models for decision under uncertainty and irreversibility;
  • know the steps from discrete time, discrete state to continuous time, continuous state models;
  • develop real option models and analyse the results using numerical simulation methods.

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Posted on

Start Date

End Date

Application Deadline

Type

Summer schools

Certifications & Titles

Course Certificate

Study Options

Full Time

Fees

Regular fees: 250 - 500 EUR

International Fees : 750 EUR

Comment:

Course fees

WASS, PE&RC and WIMEK/SENSE PhDs with TSP: € 250; Other PhDs, postdocs and academic staff: € 500; All others € 750. 

The course fee does not include books. It includes additional training material, coffee / tea, lunches and an informal dinner

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Hollandseweg 1

Wageningen , Netherlands