HEC5873 Simulation modelling for policy evaluation
Faculty of Business and Economics
HEC5873 Simulation modelling for policy evaluation is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics. It isn't offered in 2027. It has no prerequisites.
- Credit points
- 6
- Offered in 2027
- Not offered
- Workload
- 144 hours
- per semester
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Overview
This unit equips you to be able to conduct microsimulation and agent-based modelling for policy analysis. It describes methods and demonstrates their application for evaluation of the effectiveness, cost-effectiveness and budget impact of health, education, welfare and transport policies. It emphasises construction and critique of models, in the computer lab, as an essential complement to lectures.
Offerings in 2027
The 2027 handbook lists no offerings for HEC5873.
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the purpose and features of static, dynamic, behavioural and spatial models
- 2
critique models used to characterise and predict behaviour and outcomes in health, education, welfare or transport sectors
- 3
construct simple models to characterise and predict behaviour and outcomes in health, education, welfare or transport sectors
- 4
use microsimulation and agent-based models to predict the effects of health, education, welfare or transport policies
Workload and teaching
- Workshops24 hours
- Assessments3 hours
- Applied sessions12 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
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.
Common questions
What are the prerequisites for HEC5873?
HEC5873 has no prerequisites.
When is HEC5873 offered?
HEC5873 has no offerings listed in the 2027 handbook.
How much work is HEC5873?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.