ETC5441 Macroeconometrics
Faculty of Business and Economics
ETC5441 Macroeconometrics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Caulfield. It needs ETF5231, ETC3550, ETF3231, ETC3410, ETF5320, ETC5340, ETC3450, ETC5341, ETC5345, ETC3400 or ETF3200.
- Credit points
- 6
- Offered in 2023
- Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
The 2027 handbook has no page for ETC5441. This is its 2023 entry, the latest one.
Reviews
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Requisites
Before ETC5441
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
- ETF5231Business forecastingNo reviews yet
- ETC3550Applied forecastingNo reviews yet
- ETF3231Business forecastingNo reviews yet
- ETC3410Applied econometricsNo reviews yet
- ETF5320Applied econometricsNo reviews yet
- ETC5340Principles of econometricsNo reviews yet
- ETC3450Applied time series econometricsNo reviews yet
- ETC5341Applied econometricsNo reviews yet
- ETC5345Applied time series econometricsNo reviews yet
- ETC3400Principles of econometricsNo reviews yet
- ETF3200Applied econometricsNo reviews yet
After ETC5441
No unit lists ETC5441 as a prerequisite in the 2023 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit involves a critical review of recent empirical work and techniques in modern macroeconometrics. The topics to be covered include: i) the techniques used to estimate causal effects for use in policy-making, and applying these in a range of contexts; ii) structural vector autoregressions; iii) practical applications of these topics that address macroeconomic issues. On completion of this unit, you should be familiar with recent developments in these fields, and have developed the skills to undertake empirical work. Further, you should be able to critically evaluate empirical work and related policy implications.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment50%
- Examination50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the modelling of trends, cycles and structural breaks
- 2
specify, estimate and interpret structural vector autoregressions
- 3
understand and critically assess methods used in applied settings such as by the Reserve Bank of Australia.
Workload and teaching
- Workshops36 hours
- Teaching approachActive learning
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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Technology resources
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Contacts
- Chief Examiners
- Dr Benjamin Wong
Common questions
What are the prerequisites for ETC5441?
You need ETF5231, ETC3550, ETF3231, ETC3410, ETF5320, ETC5340, ETC3450, ETC5341, ETC5345, ETC3400 or ETF3200 before you enrol.
When is ETC5441 offered?
In 2023, ETC5441 runs in Semester 2 at Caulfield.
How much work is ETC5441?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC5441 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.