Undergraduate, Postgraduate - UnitETC4410 - Applied econometrics 2

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

Level	Undergraduate, Postgraduate
Faculty	Faculty of Business and Economics
Offered	Clayton First semester 2012 (Day)
Coordinator(s)	Professor Keith McLaren and Associate Professor Xueyan Zhao

Synopsis

This unit involves a critical review of recent empirical work in econometrics. The topics to be covered include: the specification and estimation of systems of consumer demand equations and producer demand and supply equations, extensions of these methods to other areas, practical applications. On completion of this unit students should be familiar with recent developments in these fields and have developed the skills to undertake empirical work. Further, students should be able to critically evaluate empirical work and related policy implications.

Outcomes

The learning goals associated with this unit are to:

specify the structure of consumer demand systems
use duality theory to generalise these specifications
understand the use of appropriate specific estimation techniques
extend these ideas to producer demand and supply models
consider a number of empirical applications, and derive policy implications
become competent in handling demand and production data using econometric software.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Associate Professor Xueyan Zhao

Contact hours

3 hours per week

Prerequisites

Students must have passed one of the following before undertaking this unit. ECC3410, ETC3400, ETC3410