Applied Microeconometric Modelling

Subject ECOM30003 (2014)

Note: This is an archived Handbook entry from 2014.

Credit Points: 12.50
Level: 3 (Undergraduate)
Dates & Locations:

This subject is not offered in 2014.
Time Commitment: Contact Hours: Two 1-hour lectures and a 1-hour tutorial/practice class per week
Total Time Commitment: Not available
Prerequisites:

One of:

Subject
Study Period Commencement:
Credit Points:
Semester 1
12.50
Semester 1
12.50
Corequisites:

None
Recommended Background Knowledge:

Please refer to Prerequisites and Corequisites.
Non Allowed Subjects:

None
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

Contact

jenny.williams@unimelb.edu.au

Subject Overview:

This subject examines estimation and testing of microeconometric models based on cross-sectional and panel data and quantitative and limited dependent variables. Illustrative application topics normally will include labour economics, consumer demand and finance. The computer software used is Stata.
Learning Outcomes:

On successful completion of this subject students should be able to:

  • Synthesise the best practice techniques in empirical modelling when cross-section data sets are used;
  • Synthesise the best practice techniques in empirical modelling when panel data sets are used;
  • Critically evaluate and employ applied techniques;
  • Describe and evaluate econometric theories;
  • Complete a semi-independent research project;
  • Generate and analyse econometric output using an econometric package such as Stata.
Assessment:

A 2-hour end-of-semester examination (60%), three assignments of no more than 2000 words each due in weeks 5, 9 and 11 (30%) and tutorial attendance, preparation and contributions (10%).
Prescribed Texts: None
Breadth Options:

This subject potentially can be taken as a breadth subject component for the following courses:

You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

  • High level of development: written communication; statistical reasoning; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information.

  • Moderate level of development: problem solving; use of computer software; receptiveness to alternative ideas.

  • Some level of development: oral communication; accessing data and other information from a range of sources.
Related Course(s): Master of Accounting
Related Majors/Minors/Specialisations: Economics
Economics Major

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