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Econometrics of Markets and Competition (ECOM90017)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
Semester 2
Andy Wu: andy.wu1@unimelb.edu.au
Overview
Availability | Semester 2 |
---|---|
Fees | Look up fees |
This course teaches students how to build econometric models from economic theory to investigate how markets operate, and evaluate policy-relevant questions. Applicants of econometric tools developed in this course will be highlighted in various fields of economics including industrial organization, public economics, health and others. Examples of topics covered include: firms’ use of price discrimination as a profit-maximizing strategy; measuring the welfare effects of mergers for antitrust analysis; identifying strategic interaction amongst governments and its impact on policy decisions; and quantifying moral hazard and adverse selection in health insurance markets. Basic topics in numerical analysis will also be covered, including optimization, numerical integration, and numerical differentiation. The computer software used is MATLAB.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Estimate structural econometric models and use counterfactual analysis to assess policy questions
- Understand basic identification challenges in estimating the parameters of economic models
- Learn basic programming skills and numerical methods
- Apply methods learned in the course to address policy questions for an industry.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- High level of development: written communication; problem solving; statistical reasoning; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; use of computer software; accessing data and other information from a range of sources; receptiveness to alternative ideas.
- Some level of development: collaborative learning; team work.
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
One of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40001 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
ECON90063 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
AND
One of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECOM40006 | Econometrics 3 | Semester 1 (On Campus - Parkville) |
12.5 |
ECOM90013 | Econometrics 3 | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40007 | Industrial Organisation | Not available in 2024 |
12.5 |
Recommended background knowledge
Please refer to the Prerequisites. Computer programming experience in MATLAB, C, Java or some other language is helpful, but not necessary.
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
For Masters students and PhD students outside economics: Class assignment 1 in computer code
| Week 3 | 10% |
For Masters students and PhD students outside economics: Class assignment 2 in computer code
| Week 5 | 10% |
For Masters students and PhD students outside economics: Class assignment 3 in computer code
| Week 9 | 10% |
For Masters students and PhD students outside economics: Class assignment 4 in computer code
| Week 12 | 10% |
For Masters students and PhD students outside economics: End-of-semester exam
| During the examination period | 60% |
For PhD students in economics: Class assignment 1 in computer code
| Week 3 | 10% |
For PhD students in economics: Class assignment 2 in computer code
| Week 5 | 10% |
For PhD students in economics: Class assignment 3 in computer code
| Week 9 | 10% |
For PhD students in economics: Class assignment 4 in computer code
| Week 12 | 10% |
For PhD students in economics: Within-semester 1-hour paper presentation
| From Week 6 to Week 12 | 15% |
For PhD students in economics: Within-semester research article referee report
| Week 12 | 15% |
For PhD students in economics: Within-semester independent model coding and estimation project
| Week 12 | 30% |
Last updated: 31 January 2024
Dates & times
- Semester 2
Principal coordinator Andy Wu Mode of delivery On Campus (Parkville) Contact hours Seminars, or lectures and tutorials totalling 3-hours per week Total time commitment 170 hours Teaching period 22 July 2024 to 20 October 2024 Last self-enrol date 2 August 2024 Census date 2 September 2024 Last date to withdraw without fail 20 September 2024 Assessment period ends 15 November 2024 Semester 2 contact information
Andy Wu: andy.wu1@unimelb.edu.au
Time commitment details
Estimated total time commitment of 170 hours per semester
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- 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: 31 January 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master 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.
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: 31 January 2024