UnitLevel 5Postgraduate

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.

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Requisites

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 periodCampusMode
Second semesterCaulfieldOn campus

Assessment

  • Within semester assessment
    50%
  • Examination
    50%

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    understand the modelling of trends, cycles and structural breaks

  2. 2

    specify, estimate and interpret structural vector autoregressions

  3. 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.

More details

Credit points
6
Level
5
Study level
Postgraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Econometrics and Business Statistics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Available
Handbook years
2020202120222023