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.
School: La Trobe Business School
Credit points: 15
Subject Co-ordinator: Joanna Poyago-Theotoky
Available to Study Abroad Students: Yes
Subject year level: Year Level 4 - UG/Hons/1st Yr PG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: ECM2IE or ECO2EME
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Microeconometrics: methods and applications | Prescribed | Cameron, A. Colin and Pravin K. Trivedi | UP |
| Readings | Introductory econometrics: a modern approach | Preliminary | Wooldridge, Jeffery | SOUTH-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