Econometrics 3 (ECOM40006)

HonoursPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
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This subject introduces appropriate estimation and inference techniques for models that involve a single equation and those involving systems of equations. Normally topics will include asymtotic theory, maximum likelihood estimation, classical testing procedures, generalised least squares estimation, seemingly unrelated regression models, stochastic regressors, instrumental variables, generalised methods of moments, simultaneous equations models (including VARs) and model-selection procedures.

Intended learning outcomes

On successful completion of this subject students should be able to:



  • Investigate the characteristics of data that influence the choice of model and estimation technique for modelling and estimating economic relationships.
  • Apply suitable estimation techniques to a range of economic and econometric models, interpret the results from these models, and use the results for forecasting and policy analysis.
  • Describe the theory underlying inference techniques used in econometrics.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Accessing economic and other information
  • Summary and interpretation of information
  • Application of Windows software
  • Using and designing computer programs
  • Statistical reasoning
  • Problem solving skills
  • Collaborative learning and teamwork
  • Written communication

Last updated: 3 November 2022

Eligibility and requirements

Prerequisites

Admission into BH-COM, BH-ARTS (Economics), Graduate Diploma in Economics or Master of Economics

OR

 

Code Name Teaching period Credit Points
ECOM30002 Econometrics 2
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

Students may not gain credit for both

Code Name Teaching period Credit Points
ECOM40006 Econometrics 3
Semester 1 (On Campus - Parkville)
 12.5
and
Code Name Teaching period Credit Points
ECOM90013 Econometric Techniques
Semester 1 (On Campus - Parkville)
 12.5
.

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

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

  • 2-hour written examination, end of semester (70%)
  • Three 833-word assignments all equally weighted, due in weeks 5, 9 and 12 (30%)
  • To pass this subject students must pass the end of semester examination.

Last updated: 3 November 2022

Dates & times

  • Semester 1
    Principal coordinatorYong Song
    Mode of deliveryOn Campus (Parkville)
    Contact hoursFour hours of lectures/seminars/tutorials per week (this includes 3 hours of lectures and a one hour tutorial)
    Total time commitment170 hours
    Teaching period26 February 2018 to 27 May 2018
    Last self-enrol date 9 March 2018
    Census date31 March 2018
    Last date to withdraw without fail 4 May 2018
    Assessment period ends22 June 2018

    Semester 1 contact information

    yong.song@unimelb.edu.au

Time commitment details

170 Hours

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:

    TypeName
    CourseGraduate Diploma in Economics
    CourseMaster of Economics
    Informal specialisationEconomics
  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 3 November 2022