MICROECONOMETRICS

ECM4MES

Not currently offered

Credit points: 15

Subject outline

In this subject, students develop skills for econometrically analysing microeconomic units i.e. individuals and firms. First, students learn about the econometrics of (public or private) program evaluation. Second, techniques for analysing panel datasets of large number of individuals over short periods of time are covered. Both of these topics extend how techniques covered in ECM2IE are used. In the third topic, substantially different techniques for analysing problems where the decision variable is discrete or truncated are introduced. Individual heterogeneity and endogeneity problems will be covered where relevant. Applications are drawn from industrial economics, finance, labour economics and marketing.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJoanna Poyago-Theotoky

Available to Study Abroad StudentsYes

Subject year levelYear Level 4 - UG/Hons/1st Yr PG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECM2IE or ECO2EME

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsMicroeconometrics: methods and applicationsPrescribedCameron, A. Colin and Pravin K. TrivediUP
ReadingsIntroductory econometrics: a modern approachPreliminaryWooldridge, JefferySOUTH-WESTERN

Graduate capabilities & intended learning outcomes

01. Understand the econometrics of program evaluation.

Activities:
TBE

02. Understand how to econometrically model and analyse panel data.

Activities:
TBE

03. Understand how to econometrically analyse data which is discrete or truncated.

Activities:
TBE

04. Understand the problems of identification and selection bias and their remedies.

Activities:
TBE

05. Be able to perform econometric analyses using the above tools.

Activities:
TBE

Subject options

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