Postgraduate - UnitECC5730 - Advanced applied general equilibrium analysis

This unit entry is for students who completed this unit in 2015 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.

Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Not offered in 2015
Coordinator(s)	Professor John Madden

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.

Outcomes

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: 80%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Professor Yinhua Mai

Prerequisites

ECC3650