ETC3430

Applied econometric modelling

(BUS)

Not offered in 2002

Professor Alan Powell

6 points + Two 1-hour lectures and one 2-hour tutorial per week + Second semester + Clayton + Prerequisite: ETC3410

Synopsis: This subject comprises a detailed study of the Murphy Model of the Australian Economy. Attention is given to its theoretical foundations, its application as a model for forecasting and policy analysis, and to the incorporation of forward-looking expectations and the error correction mechanism. Students will use the model as a simulation tool for policy analysis.

Assessment: Written (2 assignments [computing and reports]): 40% + Examination (2 hours): 60%