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Econometrics 3 (ECOM90013)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelGraduate coursework
Subject codeECOM90013
Campus
Parkville
Availability
Semester 1
FeesSubject EFTSL, Level, Discipline & Census Date

Estimation and inference techniques for models involving a single equation and systems of equations are introduced. Normally topics include asymptotic theory, maximum likelihood estimation, classical testing procedures, generalised least squares estimation, seemingly unrelated regression models, stochastic regressors, instrumental variables, generalised method 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

Eligibility and requirements

Prerequisites

ECOM90002 Econometrics or equivalent.

Code Name Teaching period Credit Points
ECOM90002 Econometrics 2
Semester 1
Semester 2
12.5

Corequisites

None

Non-allowed subjects

ECOM40006 Econometric Techniques

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

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

  • 2-hour examination, end of semester (70%);
  • Three 1000-word assignments all equally weighted (10%) due in weeks 5,9 and 12 (30%).

Note: Successful completion of this subject requires a pass (50%) in the final exam.

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 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

Estimated total time commitment of 170 hours per semester

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Subject notes

    Students may not gain credit for both ECOM90013 Econometric Techniques and ECOM40006 Econometric Techniques.

  • 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.

  • 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: 11 November 2018