316-470 Econometric Techniques

Credit Points

HECS Band

Coordinator

Prerequisites

316-317 Econometrics or at least a H2A in 316-316 Basic Econometrics.

Semester

Contact

Subject Description

This subject introduces appropriate estimation and inference techniques for models that involve a single equation and those involving systems of equations. Normally 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.