Handbook home
Econometrics of Markets and Competition (ECOM90017)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 2
Email: byrned@unimelb.edu.au
Overview
Availability | Semester 2 |
---|---|
Fees | Look up fees |
This course teaches students how to build econometric models from economic theory to investigate how markets operate, and evaluate policy-relevant questions. Applicants of econometric tools developed in this course will be highlighted in various fields of economics including industrial organization, public economics, health and others. Examples of topics covered include: firms’ use of price discrimination as a profit-maximizing strategy; measuring the welfare effects of mergers for antitrust analysis; identifying strategic interaction amongst governments and its impact on policy decisions; and quantifying moral hazard and adverse selection in health insurance markets. Basic topics in numerical analysis will also be covered, including optimization, numerical integration, and numerical differentiation. The computer software used is MATLAB.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Estimate structural econometric models and use counterfactual analysis to assess policy questions
- Understand basic identification challenges in estimating the parameters of economic models
- Learn basic programming skills and numerical methods
- Apply methods learned in the course to address policy questions for an industry.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- High level of development: written communication; problem solving; statistical reasoning; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; use of computer software; accessing data and other information from a range of sources; receptiveness to alternative ideas.
- Some level of development: collaborative learning; team work.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40001 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
and
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECOM40006 | Econometric Techniques | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Students may not gain credit for this course and Honours subject ECON40007 Econometrics of Markets and Competition.
Recommended background knowledge
Please refer to the Prerequisites. Computer programming experience in MATLAB, C, Java or some other language is helpful, but not necessary.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
For Masters students and PhD students outside economics the assessment is as follows:
- 4 class assignments in computer code totalling a minimum of 40 hours work (10 hours/assignment) (40%)
- Assignment 1 – week 3
- Assignment 2 – week 5
- Assignment 3 – week 9
- Assignment 4 – week 12
- 180 minute end-of-semester exam (60%)
For PhD students in Economics the assessment is as follows:
- 4 class assignments in computer code totalling a minimum of 40 hours work (10 hours/assignment) (40%)
- Assignment 1 – week 3
- Assignment 2 – week 5
- Assignment 3 – week 9
- Assignment 4 – week 12
- 1 within-semester 1-hour paper presentation (3 hours) (15%)
- To take place between weeks 6-12
- 1 within-semester research article referee report (3 hours) (15%)
- Due week 12
- 1 within-semester independent model coding and estimation project (10 hours) (30%)
- Due week 12
Note: Successful completion of this subject requires a pass (50%) in the final exam.
Last updated: 3 November 2022
Dates & times
- Semester 2
Principal coordinator David Byrne Mode of delivery On Campus (Parkville) Contact hours Seminars, or lectures and tutorials totalling 3-hours per week Total time commitment 170 hours Teaching period 24 July 2017 to 22 October 2017 Last self-enrol date 4 August 2017 Census date 31 August 2017 Last date to withdraw without fail 22 September 2017 Assessment period ends 17 November 2017 Semester 2 contact information
Email: byrned@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Applied Econometrics - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 3 November 2022