EMET8014 Econometrics III: Advanced Econometric Methods
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Econometrics |
| Offered in | First Semester, 2011 and First Semester, 2012 |
| Unit Value | 6 units |
| Course Description |
This is an advanced course on econometric theory. It will stress fundamental ideas and general concepts, so that students can draw connections between various methods presented in other courses, and learn to derive key theoretical results from first principles. Underlying mathematical concepts such as linear algebra and probability will receive careful treatment. The course will also introduce students to the statistical programming environment R. R is open source software developed by the statistical community. Students will be learn to complete basic programming tasks and produce graphical output. R is a more sophisticated statistics environment than Eviews or the like, with a steeper learning curve. Familiarity with the language will take students a step closer to modern, computationally intensive statistical methods used in business and academia. |
| Learning Outcomes |
This course covers the core tools of econometrics in sufficient detail so that students can understand and implement more advanced methods of modelling. Principles of inference are drawn from the generalised method of moments and the method of maximum likelihood. Underlying probability theory is discussed in enough depth to see how it is used in the econometric methods. Emphasis is given to unifying the ideas, so that students can see the connections between methods that are usually presented in elementary courses as isolated one-off solutions to particular problems. The basic material is reviewed from these broader perspectives and the principles are then extended to more complicated models. The insights gained will enable students to understand advanced modelling approaches. |
| Indicative Assessment |
Assessment will consist of two assignments, a mid-term exam and a final exam. The weighting is: Assignment 1: 15% |
| Workload |
8 hours per week (including class time) |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. |
| Areas of Interest | Econometrics |
| Eligibility |
An honours degree in Economics with H2A or higher, or completion of a Graduate Diploma in Economics with an exit grade of Merit or better |
| Prescribed Texts |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Indicative Reading List |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Programs | Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in Economics, Graduate Diploma in Economics, Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Master of Applied Economics, Master of Economics, Master of Applied Economics, Master of Economic Policy, Master of International Trade and Economic Relations, Master of Health Economics, Master of Economic Policy, Master of Economics, Master of Environmental and Resource Economics, Master of Health Economics, Master of International and Development Economics, Master of International Trade and Economic Relations, Master of International and Development Economics, Master of Environmental and Resource Economics, and Graduate Diploma in Applied Economics |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=EMET8014 and enquiries.eco@anu.edu.au |
The information published on the Study at ANU 2011 website applies to the 2011 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2010 website.
