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Handbook 1997 : Faculty of Economics and Commerce : Economics

316-318 Applied Econometric Modelling

Coordinator:

Dr J Hirschberg

Prerequisite/s:

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.

Timetable:

Semester 2

Contact:

Two 1-hour lectures and a 60 minute tutorial/practice class a week

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%) and project work of up to 4000 words in total (40%).

Prescribed Texts:

  • Berndt E, The Practice of Econometrics, Addison Wesley 1991.
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Handbook 1997 : Faculty of Economics and Commerce : Economics 
Status:                   OFFICIAL 1997
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.