316-470 Econometric Techniques

Credit Points

HECS Band

Coordinator

Prerequisites

316-317 Econometrics or 316-316 Basic Econometrics and one of 316-318 Applied Econometric Modelling or 316-350 Time Series Analysis and Forecasting, or equivalent.

Semester

Contact

Subject Description

Appropriate estimation and inference techniques for models that involve a single equation and those involving systems of equations. Topics will include: asymptotic theory, maximum likelihood estimation, classical testing procedures, generalised least squares estimation, seemingly unrelated regression models, stochastic regressors, instrumental variables, simultaneous equations models and model-selection procedures.

Assessment

A 2-hour examination (70%) and class assignments (30%).

Prescribed Texts

• Judge, G C and Griffiths, W G et. al., Introduction to the Theory and Practice of Econometrics. 2nd ed., Wiley.
  or
  Johnston and DiNardo, Econometric Methods. McGraw-Hill, 1997.