Microeconometrics

This subject has the following teaching availabilities in 2016:

Estimated total time commitment of 120 hours per semester

Or

None

None

ECOM40001 Microeconometrics

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

The specification, estimation and testing of a range of models used to analyse microeconometric data is examined. The models to be considered may include discrete choice models, models for censored and truncated data, models of duration data, models with self-selectivity, models of count data and panel data.

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

• Identify microeconometric models appropriate for different types of survey data;
• Explain why and how standard techniques of estimations must be modified in a variety of microeconometric situations;
• Apply econometric techniques to test hypothesis in a variety of microeconometric models;
• Evaluate the robustness of results obtained from using econometric techniques on real world microeconometric data;
• Analyse results obtained from microeconometric data and explain their implications for economic theory.

A 2-hour end-of-semester examination (60%) and two class assignments of 2,500 words each due week 8 and week 12 of semester (40%).

You will be advised of prescribed texts by your lecturer.

This subject is not available as a breadth subject.

On successful completion of this subject, students should have improved the following generic skills:

• Evaluation of ideas, views and evidence
• Synthesis of ideas, views and evidence
• Strategic thinking
• Critical thinking
• Application of theory to economic policy and business decision making
• Accessing economic and other information
• Summary and interpretation of information
• Using computer programs
• Statistical reasoning
• Problem solving skills
• Collaborative learning and team work
• Written communication

Students may not be given credit for both ECOM90008 Microeconometrics and ECOM40001 Microeconometrics.