Macroeconometrics (ECOM90007)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
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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 optimization. (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

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



  • Apply the main techniques that are used in macroeconometric analysis;
  • Discuss the econometric theory behind each technique;
  • Identify the main pitfalls in applying the techniques;
  • Discuss how the techniques used relate to macroeconomic theory.

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
  • Strategic thinking
  • Critical thinking
  • Accessing economic and other information
  • Summary and interpretation of information
  • Application of Windows software
  • Using computer programs
  • Statistical reasoning
  • Problem solving skills
  • Written communication

Last updated: 3 November 2022

Eligibility and requirements

Prerequisites

One of: 

Code Name Teaching period Credit Points
ECOM90002 Econometrics 2
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5
ECOM30002 Econometrics 2
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

Code Name Teaching period Credit Points
ECOM40003 Macroeconometrics
Semester 1 (On Campus - Parkville)
 12.5

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

Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS

DescriptionTimingPercentage

Assignment

Week 413%

Assignment

Week 813%

Assignment

Week 1214%

End-of-Semester Examination

  • 2 hours
During the examination period60%

Last updated: 3 November 2022

Dates & times

  • Semester 1
    Principal coordinatorTomasz Wozniak
    Mode of deliveryOn Campus (Parkville)
    Contact hours
    Total time commitment170 hours
    Teaching period 2 March 2020 to 7 June 2020
    Last self-enrol date13 March 2020
    Census date30 April 2020
    Last date to withdraw without fail 5 June 2020
    Assessment period ends 3 July 2020

    Semester 1 contact information

    tomasz.wozniak@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.

  • Subject notes

    Students may not gain credit for both ECOM40003 Macroeconometrics and ECOM90007 Macroeconometrics.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Economics
    CourseMaster 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.

    Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants

    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: 3 November 2022