Not currently offered
Credit points: 15
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
Subject Co-ordinatorJoanna Poyago-Theotoky
Available to Study Abroad StudentsYes
Subject year levelYear Level 4 - UG/Hons/1st Yr PG
Prerequisites ECM2IE or ECO2EME
|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.
02. Understand how to econometrically model and analyse panel data.
03. Understand how to econometrically analyse data which is discrete or truncated.
04. Understand the problems of identification and selection bias and their remedies.
05. Be able to perform econometric analyses using the above tools.
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