Leader: Professor John Madden

Offered

Clayton Second semester 2008 (Day)

Synopsis

The unit is a sequel to ECC3650. Students continue to develop essential AGE modelling skills in areas of theory, data, computing and application. Whereas the emphasis in ECC3650 is on comparative static analysis, this subject deals with dynamics, including the specification of capital accumulation and technological change. Forecasting applications of AGE models are emphasised.

Objectives

The learning goals associated with this unit are to:

• have an advanced understanding of all aspects of applied general equilibrium economics
• be able to build and to use AGE-models in the preparation for postgraduate research projects
• be able to implement AGE-modelling techniques as professional economists.

Assessment

Within semester assessment: 20%
Examination (3 hours): 80%

Contact hours

3 hours per week

Prerequisites

ECC3650