This course takes the theoretical econometric tools students have learned in other courses and teaches students how to apply those techniques to real world problems and data. The course focuses on the concept of causal inference and the different techniques used to causally identify the effect of treatments on outcomes. Using economic data and modern computer software, students learn how to conduct empirical studies by replicating well known econometric analyses. The techniques covered are: Regression Discontinuity Design, Panel Data Methods, Difference in difference analysis, Instrumental Variables, Synthetic Control, Bootstrapping and Randomisation Inference. Students will be required to present an econometric paper by summarising the hypothesis and results of the paper, placing it in the literature and critiquing the implementation of the paper.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- explain econometric concepts such as causality, endogeneity, confounding factors, selection, and simultaneity;
- explain econometric techniques for estimating causal effects;
- investigate the properties of econometric techniques using Monte Carlo simulation;
- use statistical software to manage and analyse data;
- carry out an empirical analysis of data using the econometric techniques discussed;
- interpret the findings in an empirical analysis, and discuss caveats and potential problems.
Indicative Assessment
- Assessment may consist of a Final Exam, mid-semester exam(s), quizzes, assignments or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4,5,6]
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
130 hours in total over the semester consisting of lectures, tutorials and private study time.
Inherent Requirements
Not applicable
Requisite and Incompatibility
Prescribed Texts
See Class Summary
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 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 2024 | $4680 | Standard Rate |
| 2024 | $3720 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2024 | $6000 |
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.
