Econometrics 3 (ECOM90013)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
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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

Last updated: 4 March 2025

Eligibility and requirements

Prerequisites

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

OR

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

Corequisites

None

Non-allowed subjects

Code Name Teaching period Credit Points
ECOM40006 Econometrics 3
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: 4 March 2025

Assessment

DescriptionTimingPercentage

Assignment

  • 1000 words
Week 410%

Assignment

  • 1000 words
Week 810%

Assignment

  • 1000 words
Week 1210%

End-of-semester examination

  • 2 hours
Hurdle requirement: To pass this subject students must pass the end of semester examination.		During the examination period70%

Last updated: 4 March 2025

Dates & times

  • Semester 1
    Principal coordinatorChristopher Skeels
    Mode of deliveryOn Campus (Parkville)
    Contact hours170
    Total time commitment170 hours
    Teaching period 3 March 2025 to 1 June 2025
    Last self-enrol date14 March 2025
    Census date31 March 2025
    Last date to withdraw without fail 9 May 2025
    Assessment period ends27 June 2025

    Semester 1 contact information

    Chris Skeels: Chris.Skeels@unimelb.edu.au

     

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  • Your tuition fees, academic transcript and statements.
  • And for Commonwealth Supported students, your:
       -  Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
     

    Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.

Last updated: 4 March 2025

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
    CourseMaster of Commerce (Finance)
    CourseMaster of Applied Econometrics
    CourseMaster of Economics
    CourseMaster of Commerce (Accounting)
  • 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: 4 March 2025