| Offered By: |
School of Economics |
| Academic Career: |
Graduate Coursework |
| Course Subject: |
Econometrics |
| Offered in: |
First Semester, 2009 |
| Unit Value: |
6 units |
| Course Description: |
This course covers enough of the core tools of econometric theory so that students can understand and implement more advanced methods of modelling. Principles of inference are drawn from the generalized method of moments and the method of maximum likelihood. The econometric models are both linear and nonlinear in form, and arise as single equation and multiple equation relationships. Emphasis is given to unifying the inference ideas, so that students can see the connections between the methods that in elementary courses are usually presented as isolated one-off solutions to particular problems. Equipped with these insights, students will be able to understand more advanced modelling approaches and they will be equipped to respond to other non-standard situations that do not have ready-made solutions. |
| Learning Outcomes: |
This course covers the core tools of econometrics in sufficient detail so that students can understand and implement more advanced methods of modelling. Principles of inference are drawn from the generalised method of moments and the method of maximum likelihood. Underlying probability theory is discussed in enough depth to see how it is used in the econometric methods. Emphasis is given to unifying the ideas, so that students can see the connections between methods that are usually presented in elementary courses as isolated one-off solutions to particular problems. The basic material is reviewed from these broader perspectives and the principles are then extended to more complicated models. The insights gained will enable students to understand advanced modelling approaches. |
| Indicative Assessment: |
Mid-semester exam (35%), Final exam (35%), Assignments (30%). |
| Workload: |
8 hours per week (including class time) |
| Course Classification(s): |
|
| Areas of Interest: |
Econometrics |
| Eligibility: |
An honours degree in Economics with H2A or higher, or completion of a Graduate Diploma in Economics with an exit grade of Merit or better |
| Prescribed Texts: |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Preliminary Reading: |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Indicative Reading List: |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Programs: |
Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in Economics, Master of Applied Economics, Master of Economic Policy, Master of Economics, Master of Environmental and Resource Economics, Master of Health Economics, Master of International and Development Economics, and Master of International Trade and Economic Relations |
| Other Information: |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Academic Contact: |
See http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
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