Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 199)
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Year 3 Economics.
Credit points: 12.5
Coordinator: Dr J Hirschberg.
Prerequisite: 316-201 Intermediate Macroeconomics and 316-202 Intermediate Microeconomics. Before taking this subject students must have passed 316-317 Econometrics or have obtained a first or upper-second class honours in 316-316 Basic Econometrics.
Contact: Two 1-hour lectures and a 60 minute tutorial/practice class a week.
Timetable: Second semester
Objectives:
On completion of this subject students should be able to:
- use econometric techniques to data sets drawn from economics, finance and accounting using single and multiple regression equations;
- use theories drawn from economics and finance to formulate models which can be estimated and tested;
- understand the consequences of any of the classical assumptions being violated;
- model the time series properties of economic and financial data sets.
Content:
Modelling dynamic relationships, error-correction models, co-integration. Specification and estimation of expectations. Stability analysis. Temporal aggregation and data interval bias. Quantitative and limited dependent variables. Applications to consumption, demand for money, cost functions, investment, finance, advertising, labour markets. Empirical assignments form an integral part of the subject.
Assessment:
A 2-hour examination (60 per cent) and project work of up to 4,000 words in total (40 per cent).
Prescribed texts:
Economics subject : Next:316-319 | Prev:316-317 | Search | Help
Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 199)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Economics, Faculty of Economics and Commerce.
Copyright © University of Melbourne 1995,1996.