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Applied econometric modelling (6 points)


Leader: Professor Alan Powell

Not offered in 2003.

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%

Contact Hours: Two 1-hour lectures and one 2-hour tutorial per week

Prerequisites: ETC3410

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