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Macroeconometrics (ECOM40003)

HonoursPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelHonours
Subject codeECOM40003
Campus
Parkville
Availability
Semester 1
FeesSubject EFTSL, Level, Discipline & Census Date

This subject provides an advanced discussion of the main techniques used in macroeconometric analysis. The topics covered in this course will be selected from the following broad areas: (1) Univariate analysis of stationary and non stationary series including ARIMA possesses, unobserved components models, business cycle turning point extraction, regime switching and time varying volatility. (2) Estimation of single equation models with a focus on Euler equations that emerge via optimisation. (3) Estimating multiple equation models including reduced form and structural VARs and factor models. In covering these topics the course will focus on developing the skills to undertake rigorous applied macroeconometric research. Particular attention will be paid to the issues that arise when the time series being studied is non-stationary. Successful completion of the course will require use of the computer language GAUSS.

Intended learning outcomes

Information not available.

Generic skills

  • High level of development: problem solving; statistical reasoning; application of theory to practice; interpretation and analysis; critical thinking; use of computer software; receptiveness to alternative ideas.

  • Moderate level of development: oral communication; written communication; collaborative learning; team work; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources.

Eligibility and requirements

Prerequisites

Admission into BH-COM or BH-ARTS (Economics) and

Code Name Teaching period Credit Points
ECOM40006 Econometrics 3
Semester 1
12.5

Corequisites

None

Non-allowed subjects

Students may not gain credit for both

Code Name Teaching period Credit Points
ECOM40003 Macroeconometrics
Semester 1
12.5
and
Code Name Teaching period Credit Points
ECOM90007 Macroeconometrics
Semester 1
12.5
.

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

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

Assessment

Description

Assignments: 40% (3 assignments, equal weight, due in weeks 4, 8, 12)
A 2- hour End of Semester Examination (60%)

Dates & times

  • Semester 1
    Principal coordinatorTomasz Wozniak
    Mode of deliveryOn Campus — Parkville
    Contact hours
    Total time commitment170 hours
    Teaching period 4 March 2019 to 2 June 2019
    Last self-enrol date15 March 2019
    Census date31 March 2019
    Last date to withdraw without fail10 May 2019
    Assessment period ends28 June 2019

    Semester 1 contact information

Time commitment details

170 Hours

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • 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 April 2019