This course will examine modern applied research on macroeconomic and financial issues. The main objective is to allow students to understand, critically appraise and replicate applied work on macroeconomic and financial topics.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Design and combine models from a model space comprising univariate or multivariate components.
- Apply and explain the principles of parsimony and fit in the context of complex macro and financial applied models.
- Evaluate and effectively implement the methodology of Dynamic Stochastic General Equilibrium modelling.
- Reconcile theory and evidence in complex macro-econometric and financial econometric models and data.
- Conduct hypothesis and diagnostic testing.
Indicative Assessment
- Assessment will consist of a Final Exam, mid-semester exam(s), quizzes, assignment or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4,5]
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
Students taking this course are expected to commit at least 10 hours per week of study - consisting of 4 contact hours per week (lectures and tutorial) plus private study time.
Requisite and Incompatibility
Prescribed Texts
Primarily, the reading material will comprise the journal research papers listed on the reading list. Although pitched at a slightly higher level than EMET6010, the following text is helpful to dip into:
Canova, F. (2007) Methods for Applied Macroeconomic Research, Princeton.
Other helpful background books include:
Enders, W. Applied Econometric Time Series, Wiley, 1995.
Hamilton, J.D., Time Series Analysis, Princeton, 1994.
Verbeek, M., A Gide to Modern Econometrics, Wiley, 2008.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.