�Annual Report2006

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Contents

Head of Department’s Report Department Overview Department of Economics - Teaching & Research Staff Centre for Actuarial Studies - Teaching & Research Staff

Visitors to the Department Publications Working Papers Research Grants International Research Collaboration Conference & Seminar Presentations Department Workshops & Seminar Programs Conferences & Workshops Organised Graduate Students Subject Enrolments 2004-2006 Student Prize Winners

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� �Certificate for Good Teaching for their performance. A major event in 2006 was the re-accreditation of the actuarial teaching program by the Institute of Actuaries of Australia with an extremely positive report. The main innovation in our subject offerings in 2006 was an on-line version of 316-213 which proved very popular (about 50 students) – Thanks to Mike Pottenger, Ciannon Cazaly, Sisira Jayasuriya and Carol Johnston for their work on getting this up and running. Our Honours program continues to be a great strength of the Department – The group of students in 2006 seem to have been particularly strong, and the quality of their Honours essays was outstanding. Thanks to Jenny Lye for her excellent work in running the program. Some external recognition of the quality of our teaching program came with an approach from the Victorian Department of Premier and Cabinet to provide a series of lectures on topics related to economics and policy – The lectures will occur in 2007. Congratulations to David Pitt who won a Dean’s Individual Award for Teaching Excellence, to Jeff Borland who also won a Dean’s Award as well as the Ed Brown University Teaching Prize, and to Nilss Olekalns, Nahid Khan, Paul Andonov and Carol Johnston for winning the national Carrick award in the category of ‘Assessment and Feedback’.

University, professional and community service (or what we now know as knowledge transfer) was a major area of activity for the Department in 2006. Our alumni program continued to develop apace, and we now have over 450 ex-Honours students in our network. In 2006 we issued another newsletter, had a social event, and a very well-attended set of Economics refresher lectures. The inaugural refresher lectures were presented by Catherine De Fontenay on ‘Game theory’ and Ian McDonald on ‘Behavioural Economics’. Thanks to Heidi Scherer for the great job she has done organising the alumni network. In 2006 we again hosted the Corden Lecture (presented by L. Alan Winters from the World Bank), and three public lectures on the Indian economy, minimum wages in Australia, and a lecture by Nobel Laureate Professor James Heckman. All events were very well attended. In addition, in 2006 Department staff contributed to the

VCE lecture series, Unisummit and Masterclass. Many members of the Department make many different contributions to the university, profession and community – just to mention a couple: first, Neville Norman who makes a major contribution through his role as President of the Economic Society; and second, to Bill Griffiths and Guay Lim for their contributions in Associate Dean roles in the Faculty.

As in most years, we’ve lost and gained a few staff in 2006. It has been great to have Xueyan Wu, Liana Jacobi, Manisha Shah, Nikos Nikiforakis, Phil Hoenig, Wasana Karunarathne and Kathryn Perez join the Department, and we look forward to Simon Loertscher, Roland Hodler and Ian King being here in 2007 after completing the bureaucratic obstacle course that is called getting a visa. During 2006 Peter Stemp, Gary Magee, Hsiao-Chuan Chang and Rabee Tourky resigned. Excellent news was the promotion of Nilss Olekalns to Professor and of Kalvinder Shields to Associate Professor.

This is my final annual report as Head of Department. It’s been a privilege to be able to make a contribution to the Department in this role, and I greatly appreciate the support I’ve received from everyone in the Department. We have fantastic general and IT staff in our Department, and I know that I speak on behalf of everyone in expressing appreciation for the quality of our administrative and IT systems, and for their hard work and professionalism. The Department is rightly recognised as a leader in the University for the quality of its administration and IT. The ex-Heads in the Department, Robert Dixon, John Freebairn and Ian McDonald, and David Dickson as Director of the Actuarial Studies Centre, have provided excellent advice and strong support throughout my time as Head – We are very lucky in the Department to have a senior group who are so committed to the Department’s well-being. And finally thanks to Bill Griffiths who has been a great sounding board and constant source of valuable advice during my time as Head.

Jeff Borland

Energetic and productive are two words that come to mind in describing the Department of Economics in 2006. We have a fantastic group of academic and general staff who are highly committed to research, teaching and knowledge transfer in economics, and who continue to increase standards in all of these areas of activitity.

Once again the Department had a very good year for research in 2006. Many staff had publications in leading refereed journals including the Canadian Journal of Economics, Economic Record, Econometric Theory, Economic Inquiry, Journal of Business, Journal of Econometrics, Journal of Economic Behaviour and Organization, and Scandinavian Journal of Economics. Confirmation of our strong research performance in recent years came with publication of the Melbourne Institute perception-based rankings of discipline areas at University of Melbourne based on responses by leading academic economists in Australia and internationally. Economics at Melbourne was ranked in the top 50-100 Departments internationally, with the only other Australian Department ranked at this level being at the ANU.

Our external research income was again at its highest level ever in 2006 ($1.23M.), and the upward trend seems set to continue with a good performance in the 2006 ARC round. An exciting development for the Department was negotiation of an agreement with Victorian Department of Treasury and Finance to provide funding to support experimental economics research for the next three years – Thanks to Peter Bardsley for all his efforts in developing the experimental research program over several years.

The PhD program is going very well thanks to excellent work by Olan Henry and Alison Banford. In 2006 7 new students commenced the program, and 5 students successfully completed. A highlight was Christian Roessler being awarded the prize for the best presentation at the annual conference for PhD students.

One aspect of research that really stood out in 2006 was the large number of workshops and conferences organised by the Department – Through its Centres the Department was involved in organisation of the annual Econometric Society meetings, a conference on the Australia-China Free Trade Agreement, a joint conference with Indian economists, a joint symposium with the National University of Singapore, and a major workshop on experimental economics, as well as hosting conferences or workshops on quantitative analysis of teaching, real time macroeconomics, microeconometrics, and Australian economic history. Together with the weekly seminars, I think these conferences and workshops are contributing to as vibrant a research culture as has ever existed in the Department. The Department’s research Centres – which from 2006 have been provided with Department funding – have continued to do a great job in promoting research, and supporting visitors and seminars/workshops. Thanks to Bill Griffiths, Joshua Gans and Catherine De Fontenay, Sisira Jayasuriya, and Nilss Olekalns for all their work as Centre Directors.

Congratulations to Shuanming Li who won one of the two major Faculty research awards this year, and to David Dickson who was awarded the H.M. Jackson Memorial Prize for excellence in publication by the Institute of Actuaries of Australia for his book Insurance Risk and Ruin.

The Department takes great pride in our teaching program. The range of subjects we have available to students, and the quality of curriculum we are teaching in those subjects, is to my knowledge not matched anywhere else in Australia. Quality of Teaching survey scores from students for subjects taught by the Department in 2006 are the highest they have been, having increased in each of the past four years; and from their written comments there is no doubt that students appreciate the enthusiasm and commitment with which Department staff approach their teaching. Twelve members of the Department will receive a Dean’s

Head of Department’s Report

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Department Overview

1. THE UnIVERSITy The University of Melbourne was established in the 1850s and now has about 42,000 students. It is situated about 2.5 kilometres north of the centre of the City of Melbourne. Since its foundation the University has built an international reputation based on high standards of scholarship and teaching, prestigious international links and the quality of its academic staff and students.

2. ABOUT THE DEPARTmEnT

The Department of Economics is one of the largest departments in the University and is one of five Departments in the Faculty of Economics and Commerce. The other Departments are Accounting and Business Information Systems, Finance, Management and the Melbourne Institute of Applied Economic and Social Research. The total number of academic staff in the Faculty is about 174. The Department is the leading department of economics, econometrics and actuarial studies in Australia and is committed to achieving the highest standards in research. The Department of Economics has 47 full-time academic staff and 19 administrative staff. The academic staff comprises 11 Professors, 12 Readers/Associate Professors, 11 Senior Lecturers, and 13 Lecturers. Research interests of staff cover most areas, including basic theory through to applications to business, and policy advice to business and governments.

The Centre for Actuarial Studies is located in the Department of Economics. The Centre is one of four actuarial teaching units in Australia recognised by the Institute of Actuaries of Australia as a Centre of Excellence.

3. DEPARTmEnTAl AImS

In research the Department has two main objectives. First, to make contributions to international knowledge in economics, econometrics and actuarial studies that are publishable in leading international journals and high quality monographs. Second, to undertake international quality research on the Australian economy and economic policy issues. Our medium term goal is to be regarded as one of the top 50 research Departments in the world.

The Department places a high value on its teaching programs and the quality of these programs. Its objectives are to offer excellent teaching at both undergraduate and graduate levels, to offer a set of subjects that meet the requirements of students and are up-to-date with developments in the disciplines of economics, econometrics, and actuarial studies, and to be innovative in methods of teaching.

The Department seeks to make a significant contribution to the University, the professional economics community, and the Australian community. This involves activities such as service on University committees, conference organisation and editorial roles at journals, and providing policy advice and expert opinions to government and private organisations.

4. RESEARCH Research in such a large Department spans most branches of economics and econometrics, and actuarial studies. A full listing of the research interests of staff can be found in a separate section of the Annual Report. The Department is strong in economic theory, applied economics, econometrics and actuarial studies. A significant amount of the research done in the Department is policy oriented. Conference participation is encouraged and supported financially. External research funds to assist research activities are obtained from the Commonwealth Government and the private sector.

Main areas of research are: Economic theory – General equilibrium theory; Contract theory; Theory of business cycles and dynamic macroeconomic modeling; Theory of financial markets.

Econometric theory – Bayesian econometrics; Time-series econometrics and cointegration modeling; LDV models.

Microeconomic analysis and policy design - Mechanism and market design; Competition policy; Tax policy; Environmental economics; Policy for agricultural markets; Welfare policy.

The Australian macro-economy - Business cycle analysis (Growth, Unemployment, Inflation in Australia etc.); Operation of financial markets; Sources of economic growth; Operation of labour markets.

Operation of financial markets - Theory of financial markets; Determinants of financial market outcomes (Exchange rates, Interest rates etc.); Implementation of monetary policy.

Actuarial studies - Ruin theory; Financial mathematics.

Health and well-being - The determinants of individual well-being; Risky behaviour and youth; Labour markets for health professionals; Relation between health and labour market outcomes; Economics of the household and intra-family decision-making; Economics of gambling; The effects of population ageing on welfare in Australia.

Asian economies and economics of development and international trade – Economic development and environmental outcomes; Labour markets and education outcomes in Asian economies; Economic geography; Intra-industry trade.

Several Research Centres are located in the Department.

The Centre for Actuarial Studies is headed by Professor David Dickson. (http://www.economics.unimelb.edu.au/SITE/actwww/ActHome.shtml);

The Asian Economics Centre is directed by Associate Professor Sisira Jayasuriya and is financed by funds provided by government and other business institutes. (http://www.economics.unimelb.edu.au/SITE/AsianEco/AboutPage.shtml);

The Economic Theory Centre is headed by Professor Joshua Gans (Melbourne Business School). (http://www.economics.unimelb.edu.au/SITE/EcoTheory/ETCMain.shtml);

The Centre for Macroeconomics directed by Professor Nilss Oleklans (http://www.economics.unimelb.edu.au/SITE/MacroCentre/main.shtml);

and the Centre for Microeconometrics directed by Professor Bill Griffiths. (http://www.economics.unimelb.edu.au/SITE/MicroEco/MicroEmetMain.shtml),

A number of research projects are undertaken with staff of the Department and members of the Melbourne Institute.

� �5. UnDERGRADUATE TEACHInG

The Department of Economics teaches in the areas of economics, econometrics and actuarial studies. A list of the current subjects offered by the Department is given in a separate section of the Report. At the undergraduate level students in the Faculty may elect to take the Bachelor of Commerce degree or the Bachelor of Commerce (Management) at the ordinary level (3 years) or at the honours level (4 years). The Department’s subjects may also be taken as part of an undergraduate major by students enrolled in the Faculty of Arts. The Department of Economics teaches first year core subjects in economics and quantitative methods which are compulsory for all students enrolled in the BCom degree. Core economics and quantitative subjects and some elective subjects are taught in second year. At the third-year level the Department provides core subjects as well as over 25 optional subjects. The majority of undergraduate students take at least two of these subjects. (Our most popular third year options are: Econometrics; Money and Banking; Microeconomics; International Economics; Macroeconomics; and Development Economics). Also, students may elect to undertake an actuarial sequence within the BCom degree. A sizeable and growing number of BCom students undertake a joint degree. Formal joint degrees are BCom/BA (Commerce Arts), BCom/LLB (Commerce Law), BCom/BSc (Commerce Science), BFor/BCom (Commerce Forestry), BAgrSc/BCom (Commerce Agricultural Science), BCom/BE (Commerce Engineering) and BCom/BIS (Commerce Information Systems).

Some 7,500 students are enrolled in the various degrees and diplomas offered by the Faculty. In 2006 approximately 5,962 students, representing 25% of undergraduates in the University, are enrolled in the BCom, either as a single degree, or in combination with another degree. Of the 7,500 students 41% are Australian students paying under an income contingent loan scheme (HECS) with some government subsidy, 48% are international students and 11% are full fee-paying Australian students.

Approximately 32% of the undergraduate student load in the Faculty is located in the Department of Economics. In 2006 student enrolments in subjects taught by the Department of Economics were 10,141. There were 32 students enrolled in the honours (fourth) year. Competition for entry into the first-year of the BCom course is very strong. The Clearly-In ENTER score for entry into first year in 2006 was 95.85.

6. GRADUATE TEACHInG

The Department offers a three year PhD program with one year of coursework, along North American lines. Compulsory subjects include microeconomic theory, macroeconomic theory and econometrics. In 2006 there were 34 students enrolled in the PhD program specialising in economics.

The Department offers a MCom by course work or thesis and a Postgraduate and Graduate Diploma in Economics. It is the policy of the Department of Economics (and the University) to increase the number of postgraduate students relative to the number of undergraduate students. In 2006 38 students were enrolled in the Master of Commerce with a specialisation in economics and 9 students were enrolled in the Postgraduate Diploma in Economics.

7. DEPARTmEnTAl mAnAGEmEnT

The Head of the Department is appointed by the Council of the University from the staff of the Department at the level of Senior Lecturer and above. Professor Jeff Borland was Head of Department until 31 December 2006.

The Department of Economics has responsibility for two main discipline areas: economics/econometrics, and actuarial studies. The Head of Department has overall responsibility for management of the Department, and is supervisor of all academic staff in the economics/econometrics area as well as being responsible for management of research and teaching in that area.

The Director of the Centre for Actuarial Studies is the supervisor of all staff teaching in actuarial studies, and responsible for management of teaching and research in that area.

Within the Department of Economics the main-decision making unit is the Department meeting. Decisions on policy, the teaching program, and on approval of the Operational Plan are made at Department meetings (on average 8 - 9 per year). The second main decision-making unit in the Department is Selection committees that have a responsibility for hiring. The Head of Department is always a member, and chooses other members from within the Department in consultation with the Dean.

The Head of Department receives advice from three main sources. First, the Head of Department consults with the Professors on recommendations on confirmation and internal promotion, and on other major issues such as senior hiring. Second, the Department committee, which meets 3 - 4 times each year, provides strategic advice to the Head on major issues. Third, the Deputy Head of Department and Department Manager are both important sources of advice to the Head on academic and administrative matters.

Administration and IT services in the Department are managed by the Department Manager. There are three main groups within the General Staff Unit: IT; Administrative; and Teaching Support Services.

8. FInAnCE

The Faculty receives a one line budget from the University which is allocated to departments primarily, but not exclusively, on the basis of weighted student load. The annual budget of the Department in 2006 was $8.6 million. The Department during 2006 also received a total combined income of $1.3 million from ARC, University and Faculty Research Grants.

9. BUIlDInGS AnD RESOURCES The Department is currently located on three floors of the Economics and Commerce building complex.

The Department has a number of UNIX/Linux servers, some of which are used for number crunching purposes with applications such as SAS, Mathematica, GAUSS, RATS, Sata, TSP, GemPack, Shazam, Fortran, C and Pascal. The remaining UNIX servers are used to host the Department’s website as well as mail server, Firewall and application development.

The Department also has a large number of Windows Servers used for the following purposes; file and print sharing, to host in-house database web applications, licensing servers, academic teaching software, Veritas backup Exec. The Department also runs a Citrix Metaframe Server farm used to deliver specialised software (Eviews, GAUSS, Scientific Workplace) to students over the internet.

10. ExTERnAl RElATIOnS The Centre for Actuarial Studies has close links with the Institute of Actuaries of Australia.

�0 ��1 BORLAND, JEFF: MA, PhD Yale, FASSA

Research Interests: Analysis of the operation of labour markets in Australia, program and policy evaluation and design, and applications of microeconomic theory to labour markets.

Teaching: 316-102 Introductory Microeconomics, 316-214 Australian Economic History

PROFESSORS OF ECOnOmICS

2 BARDSLEY, PETER: BSc (Hons) ANU, PhD Durh

Research Interests: Economic theory; mathematical economics, game theory, information and strategic behaviour, organisational design and theory of the firm, and theoretical finance.

Teaching: 316-408/316-684 Economic Design

3 FREEBAIRN, JOHN: MAgrEcon NE, PhD Davis, FASSA

Research Interests: Taxation reform; labour economics, especially employment, infrastructure pricing and investment.

Teaching: 316-202 Intermediate Microeconomics,

4 McDONALD, IAN: BA (Hons) Leic, MA Warw, PhD SFraser, FASSA

Research Interests: Macroeconomics, and labour economics.

5 OLEKALNS, NILSS: BEc (Hons) Adel, MEc ANU, MA WOnt, PhD LaTrobe

Research Interests: Macroeconomics and public economics.

Teaching: 316-101 Introductory Macroeconomics, 316-626 Research Report (Specialisation in Economics)

TOURKY, RABEE: BEc (Hons), PhD Qld

Research Interests: Economic theory; political economy, game theory, and general equilibrium theory.

TRUBy WIllIAmS PROFESSOR OF ECOnOmICS

6 CREEDY, JOHN: BSc Brist, BPhil Oxf, FASSA

Research Interests: Income distribution, public economics, labour economics, and history of economic analysis.

Teaching: 316-311 History of Economic Thought, 316-462/316-682 Public Economics

PROFESSORS OF ECOnOmETRICS

7 GRIFFITHS, WILLIAM: BAgEc (Hons) UNE, PhD Illinois, FASSA

Research Interests: Applications of Bayesian inference in econometric modelling.

8 MARTIN, VANCE: BEc (Hons), MEc, PhD Monash

Research Interests: Econometrics, time series analysis, monetary economics, and macroeconomics.

Teaching: 316-130 Quantitative Methods 1`

PROFESSORIAl FEllOW

9 LIM, GUAY: MEc Adel, PhD ANU

Research Interests: Modelling the behaviour of exchange rates, risk and volatility, estimating option pricing models, financial econometrics, international monetary economics.

Teaching: 316-449/316-673 Financial Econometrics

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READERS/ASSOCIATE PROFESSORS

10 CAMERON, LISA: BCom (Hons), MCom (Hons), PhD Prin

Research Interests: Applied micro-development with a particular focus on the impact of poverty on households in Indonesia.

DIXON, ROBERT: BEc (Hons) Monash, PhD Kent

Research Interests: Macroeconomics, industrial economics, Marxian economics, regional economics.

316-345 Regional Economics, 316-451 Modelling the Australian Macroecoomy

11 GANGADHARAN, LATA: BA Hindu College, MA Delhi School of Eco, PhD USC

Research Interests: Application of experimental economics to environmental economics issues, trust and trustworthiness, to issues of good governance, institutions and corruption.

Teaching: 316-324 Environmental Economics, 316-325/316-425 Ecological Economics

12 HARRIS, DAVID: MEc James Cook, PhD Monash

Research Interests: Time series analysis.

Teaching: 316-350/316-638 Time Series Analysis and Forecasting, 316-470/316-678 Econometric Techniques

13 HENRY, OLAN: BA (Hons) Dub, MA, PhD Reading

Research Interests: Empirical economics, macroeconomics, and financial economics.

Teaching: 316-101 Introductory Macroeconomics, 316-306 Money and Banking, 316-351 Economics of Financial Markets, 316-703 Economics Thesis Workshop

14 HIRSCHBERG, JOSEPH: MA UC Riverside, PhD USC

Research Interests: Electricity demand/rates labour discrimination demand analysis, cluster analysis.

Teaching: 316-206 Quantitative Methods II, 316-654 Advanced Econometrics Techniques

15 JAYASURIYA, SISIRA: BEc (Hons) Ceylon, MEc, PhD ANU

Research Interests: Macroeconomics, agricultural economics, development economics, international trade and capital, and international political economy.

Teaching: 316-213 Globalisation and World Economies

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16 LYE, JEANETTE: MA, PhD Cant

Research Interests: Non normal distributions, applications of multimodality, modelling of exchange rates, theory and application of non linear models, general applied econometrics.

Teaching: 316-318/316-637 Applied Microeconometric Modelling, 316-475 Economics Research Essay

17 MacLAREN, DONALD: BSc(Agr) (Hons) Aberd, MS, PhD Cornell

Research Interests: Economic analysis of the trade and welfare effects of state trading enterprises, and the economics of food safety and quarantine policy in open economies.

Teaching: 316-309 Agricultural Economics, 316-404/316-669 International Trade

18 MAGEE, GARY: BA Monash, BEc (Hons) LaTrobe, D. Phil Oxford

Research Interests: British, Australian and global economic history, innovation, technological change and entrepreneurship, the economics of migration, international economics and public policy.

19 NORMAN, NEVILLE: BCom (Hons) MA, Melb, PhD Cambridge

Research Interests: Industrial pricing as influenced by tariffs, exchange rates and world price movements, health economics, trade practices economic issues, and the economics of e-commerce.

Teaching: 316-212 Economics for E-Commerce, 316-329 The Economics of Taxation, 316-467 Microeconomic Analysis and Policy

SHIELDS, MICHAEL: BA (Hons) Staffordshire, MSc Health Uni of NY, PhD Leicester

Research Interests: Contemporary issues in health, and labour economics.

Teaching: 316-130 Quantitative Methods 1

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SEnIOR lECTURERS

DE FONTENAY, CATHERINE: BA (Hons) McGill, PhD Stanford

Research Interests: Development economics, industrial organisation, theoretical and empirical bargaining theory.

Teaching: 316-302 Economic Development

20 HARDING, DON: MEc ANU, PhD Yale

Research Interests: Macroeconomics, econometrics, labour economics.

Teaching: 316-201 Intermediate Macroeconomics, 316-410/658 Macroeconometrics

21 HILLBERRY, RUSSELL: BS Minnesota, PhD Indiana

Research Interests: Economic geography, international trade.

Teaching: 316-301 International Trade Policy, 316-402 Advanced Microeconomics

RAIMONDO, ROBERTO: Laurea Milan, PhD State University of New York, PhD Berkeley

Research Interests: Economic theory, financial economics.

Teaching: 316-450/316-674 Game Theory, 316-469/316-677 Financial Economics, 316-615 Topics in Advanced Economic Analysis

SHIELDS, KALVINDER: BA (Hons), MA Reading, PhD Leicester

Research Interests: Macroeconomics, time series econometrics, financial economics.

Teaching: 316-211 Forecasting Methods

22 SKEELS, CHRISTOPHER: BEc (Hons), PhD Monash

Research Interests: Theoretical econometrics, specifically, the development of finite sample theory in simultaneous equations models and inference in microeconometric models.

Teaching: 316-316/316-635 Basic Econometrics, 316-401/316-659 Advanced Microeconometrics

23 SMITH, RHONDA: BCom (Hons), MA (Hons) Melbourne

Research Interests: Economics of trade practices and economic policy towards industry.

Teaching: 316-335 Economics of the Law, 316-327 Business Applications of Economics

STACHURSKI, JOHN: MA Tokyo, BA PhD Melbourne

Research Interests: Stochastic dynamics (stability, estimation, optimization) development and growth, statistical learning theory.

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24 STEMP, PETER: BA (Hons), PhD ANU

Research Interests: Macroeconomics, monetary economics and computational economics.

Teaching: 316-612 Macroeconomics

WILLIAMS, JENNY: BEc ANU, MEc, PhD Rice

Research Interests: Applied econometrics.

Teaching: 316-205 Introductory Econometrics

lECTURERS AnD RESEARCH STAFF

25 BASOV, SUREN: MA New Economic School (Moscow), Dip Eng (Physics), PhD Boston

Research Interests: Economic theory, mathematical economics, contract theory, industrial organization, and labor economics.

Teaching: 316-330 Organisations, Economics and Incentives, 316-611 Microeconomics

26 CLARKE, ANDREW: BA, MEc University of Sydney, PhD McMaster

Research Interests: Labour economics, macroeconomics, econometrics.

Teaching: 316-205 Introductory Econometrics, 316-411/651 Labour Economics

27 COELLI, MICHAEL: BCom (Hons) NSW, MA, PhD British Columbia

Research Interests: Economics of education.

Teaching: 316-206 Quantitative Methods 2, 316-307 Labour Economics

ERKAL, NISVAN: MA Macalester College, MA, PhD Maryland

Research Interests: Industrial organisation, microeconomic theory.

Teaching: 316-303 Industrial Economics, 316-409 Industrial Organisation

28 JACOBI, LIANA: MA, PhD Washington University Research Interests: Theoretical and Applied Econometrics, Bayesian Inference, Markov Chain Monte-Carlo, Causal Inference/Treatment Effects

Teaching: 316-338 Mathematical Economics

29 LI, SHUNYUN (MAY): BS, MA Renmin, MS, PhD Texas at Austin

Research Interests: Macroeconomics, computational economics and financial economics.

Teaching: 316-403 Advanced Macroeconomics, 316-652 Macroeconomics II

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PRInCIPAl FEllOW

DOWLING, JOHN MALCOLM: BA, MA, PhD Pittsburgh

IRONMONGER, DUNCAN: MCom, PhD Cambridge

JENNINGS, VICTOR: BEng Melb, OBE

NIEUWENHUYSEN, JOHN: MA Natal, PhD London, FASSA

SEnIOR FEllOW

CHOE, HYUNCHA: BS, MS Seoul, PhD Purdue

HAQUE, OHIDUL: BSc, MSc Rajshahi, PhD Sydney

MITRA, SIDDHARTHA: PhD Maryland

MOORE, TIM: Turning Point Drug and Alcohol Centre

WILLIAMS, LYNNE: BA, MA, MSc LSE, PhD Monash

FEllOW

HARPER, MARJORIE: MA, Melbourne

JAFFER, SUE: BSc, MA, Melbourne

JONES, ANNA: BA, MEc Melbourne

KATES, STEVEN: BA Toronto, MA Western Ontario, PhD La Trobe

MORRIS, GAYLE: MEd Glasgow, PhD Melb

MORRIS, NICK: MA (Hons), MPhil Oxford

PORTER, MICHAEL: BEc (Hons) Adelaide, PhD Stanford

SHIVELY, GERALD: BA, MA Boston, PhD Wisconsin-Madison

TERRILL, DANIEL: BA, PhD Melbourne

PROFESSOR EmERITUS

LLOYD, PETER: MA Vic NZ, PhD Duke, FASSA

PERKINS, JAMES: MA, PhD Camb, MCom, FASSA

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30 NIKIFORAKIS, NIKOS: BCom Athens, MSc, PhD London

Research Interests: Experimental Economics, Behavioural Economics, Industrial Organization, Microeconomics

31 SHAH, MANISHA: MS London, BA, Ms, PhD Berkeley Research Interests: Development Economics, Applied Microeconomics, Health Economics, Labour Economics

32 UREN, LAWRENCE: BEc (Hons) ANU, PhD Princeton

Research Interests: Macroeconomics with a specialisation in labour market issues.

Teaching: 316-312 Macroeconomics, 316-406/316-671 Advanced Macroeconomic Techniques

PROFESSORIAl FEllOW CORDEN, WARNER MAX: BCom (Hons), MCom Melbourne PhD LSE, FASSA, FBA

GANS, JOSHUA: BEc Qld, PhD Stanford

WILLIAMS, PHILIP: MEc Monash, PhD LSE

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�� ��DIRECTOR OF THE CEnTRE AnD PROFESSOR OF ACTUARIAl STUDIES

1 DICKSON, DAVID: BSc (Hons), PhD Heriot-Watt, FFA, FIAA

Research Interests: Recursive methods in risk theory, renewal risk processes, ruin theory.

Teaching: 300-312 Actuarial Modelling I, 300-407 Risk Theory II, 300-409 Actuarial Studies Project

PROFESSOR OF ACTUARIAl STUDIES

2 DUFRESNE, DANIEL: BSc (Hons) Montreal, PhD The City Uni London, FSA

Research Interests: Financial mathematics and actuarial science and probability.

Teaching: 300-312 Actuarial Modelling I, 300-408 Advanced Financial Mathematics

ASSOCIATE PROFESSOR/READER

3 JOSHI, MARK: BA Oxford, PhD MIT

Research Interests: Derivatives pricing, Monte Carlo methods, American optionality, market models.

Teaching: 300-334 Financial Mathematics III, 300-204 Financial Mathematics II

SEnIOR lECTURERS

4 FITZHERBERT, RICHARD: BSc (Hons) Syd, FIAA, FIA, ASIA

Research Interests: Stochastic investment models, investments.

Teaching: 300-204 Financial Mathematics II, 300-314 Contingencies, 300-400 Actuarial Research Essay

5 LI, SHUANMING: BSc Tianjin, MEc Renmin, PhD Concordia

Research Interests: Risk and ruin theory, stochastic modelling in insurance and finance, and actuarial science.

Teaching: 300-316 Models for Insurance and Finance, 300-406 Risk Theory I

6 PITT, DAVID: BEc, BSc Macquarie, PhD ANU, FIAA

Research Interests: Analysis of disability income insurance portfolios, stochastic modelling in actuarial science.

Teaching: 300-101 Introduction to Actuarial Studies, 300-313 Actuarial Modelling II, 300-315 Actuarial Statistics

lECTURER

7 WU, XUEYUAN: BSc, MSc Nankai University, PhD University of Hong Kong

Research Interests: Correlated risk models, ruin theory and recursive calculations for ruin probabilities.

Teaching: 300-203 Financial Mathematics I, 300-314 Contingencies

HOnORARy SEnIOR FEllOWS

GRIBBLE, JULES: BSc (Hons), PhD St Andrews, FIAA, FCIA, FSA

HARSLETT, GRANT: BSc (Hons) Adelaide, FIA, FIAA, ASA

TRUSLOVE, ALLEN: BSc (Hons), PhD Monash, MBA Deakin, FIAA, FIA

ADmInISTRATIVE STAFF

BANFORD, ALISON Position: Manager, Academic Support Services

DANG, BAO (JIM): BAcc, BComp Monash Position: Manager, System Support

COLLINS, SUZANNE: BEd Melb Position: General Front Office Support and Actuarial Studies Distance Education Administrator

GOULETSAS, PERSEFONI: BBus (Admin) RMIT Position: Coordinator Administrative Support Services

HADDAD, LEONIE: Advanced Dip in Business, CIT Position: Financial and HR Operational Support

HOENIG, PHILIP: B.Eng (Elect) Melb Position: IT Support Manager

PEREZ, KATHRYN: Diploma of Information Technology and Multimedia Bendigo Regional Institute of TAFE Position: Economic Design Network Administrative Assistant

Dr KARUNARATHNE, WASANA: BA Economics University of Peradeniya Sri Lanka, MA Economics University of Colombo Sri Lanka, PhD in Economics NUS, Singapore Position: Tutor Coordinator

KHAN, NAHID: MCom, MSocSci (Econ), BSocSci (Hon Ec) University of Dhaka, MCom Melbourne Position: Tutor Coordinator and Undergraduate Support Officer

LEONG, COLEMANN: CBE&ACE RMIT, PGrad Dip in Comp Sci Swin Position: Web and System Support Officer

LO, VICTOR: BEng (Geomatics) UNSW, GradDip (IT) Swin Position: Web Development Officer

LOCHRAN, MARGARET Position: Department Web Page Administrative Support

LOMBARDO, ROSEMARY Position: Front Office Supervisor

MACKINNON, LESLEY RN, RM NNPC, Dip Soc Sci (Welfare), Health Sci (Nursing Post Registration) Position: Administrative Support Officer, Distance Education

MILLERICK, CHERIE: BA USydney Position: Department Manager

NEWELL, COLIN: BA Deakin Position: Administrative Assistant to the Head of Department

PHILIP, PREETA: MBA Spicer Position: Manager, Administrative Services

SCHERER, HEIDI: ADip Bus Holmesglen Position: Academic Support Services

VANCUYLENBURG, ANUTHEIA SANJEEVA DipTech (Computing) Holmesglen Position: Web & Systems Support Officer

1 3 5 6

42 7

�0 ��BOOKSCreedy J & Gemmell N. 2006. Modelling tax revenue growth. Cheltenham, United Kingdom: Edward Elgar Publishing.

Creedy J & Kalb G. 2006. Labour Supply and Microsimulation: The Evaluation of Tax Policy Reforms. Cheltenham, United Kingdom: Edward Elgar Publishing.

Creedy J & Kalb G. 2006. Dynamics of inequality and poverty. Oxford, United Kingdom: Elsevier.

Creedy J & Sleeman C. 2006. Indirect taxes in New Zealand. Wellington, New Zealand: Victoria University Press.

Creedy J & Sleeman C. 2006. The distributional effects of indirect taxes: models and applications from New Zealand. Cheltenham, United Kingdom: Edward Elgar Publishing.

Davies W & Sievers KH. 2006. The nature of knowing. Melbourne, Australia: IBID Press.

CHAPTERS IN BOOKSAnderson RM & Raimondo R. 2006. Equilibrium pricing of derivative securities in dynamically incomplete markets. Institutions, Equilibria and Efficiency Essays in Honor of Birgit Grodal. Heidelberg, Germany: Springer-Verlag Heidelberg, pp. 27-48.

Borland J. 2006. Production functions for sporting teams. Handbook on the economics of sport. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 610-615.

Borland J. 2006. The production of professional team sports. Handbook on the economics of sport. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 22-26.

Chotikapanich D & Griffiths W. 2006. Bayesian assessment of Lorenz and stochastic dominance in income distributions. Research on Economic Inequality Volume 13 Dynamics of Inequality and Poverty. Oxford, United Kingdom: Elsevier Science, pp. 297-321.

Creedy J. 2006. The barter controversy. The Elgar companion to Alfred Marshall. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 466-469.

Creedy J. 2006. The theory of international trade. The Elgar companion to Alfred Marshall. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 453-458.

Datt G, Jayasuriya S & Kong T. 2006. Cohesion. An east Asian renaissance: ideas for economic growth. Washington DC, United States: The World Bank, pp. 223-258.

Dixon R. 2006. More unemployed people find jobs in recessions than in booms. Engaging the new world: responses to the knowledge economy. Carlton, Australia: Melbourne University Press, pp. 326-338.

Dixon R. 2006. The Solow-Swan model. The Elgar companion to development studies. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 573-579.

Dr. Arisman Adnan (University of Riau). Associate Professor yoram Amiel (Ruppin Institute). Dr. Christine Amster (Michigan State University). Professor Robert (Bob) Anderson (University of California, Berkeley). Professor Tim Cason (Purdue University). Professor Steffen Andersen (University of Chicago). Anne line Bretteville-Jensen (Institute for Alcohol and Drug Research, Norway).Professor Robert Cairns (McGill University). Professor David Card (Faculty visitor) Dr. Jennifer Castle (Oxford University). Dr. Rajesh Chadha (National Council for Applied Economic Research, New Delhia). mr. Andrew Clausen (University of Pennsylvania). Dr. Duangkamon Chotikapanich (Monash University). Professor max Corden (Visiting Professorial Fellow).Professor Roger Craine (Berkeley). Dr. Wensheng (Vincent) Dai (Renmin University of China). Professor merwan H. Engineer (University of Victoria, Canada). Professor Dan Friedman (University of California, Santa Cruz). Dr. Renee Fry (Queensland University of Technology).Professor Simon Gaechter (University of Nottingham).Professor norman Gemmell (University of Nottingham).Professor Uni Gneezy (University of Chicago). Professor Clive Granger (Laureate Professor for Faculty Economics and Commerce). Professor Ross Guest (Griffith University). Dr. Ric Herbert (University of Newcastle). Professor Vincent Hildebrand (York University). Professor Carter Hill (Louisiana State University).Professor Antti Kanto (University of Helsinki). Professor John Kennan (University of Wisconin).Professor Ali Khan (John Hopkins University).

Stephen Knowles (University of Otago). Dr. Rajith lakshman (University of Colombo). Professor Kevin lee (University of Leicester). Professor Steve leybourne (Nottingham University). Dr. Andrew leigh (The Australian National University).Professor John list (University of Chicago). Dr. nephil maskay (Nepal Rastra Bank). Professor Brendan mcCabe (University of Liverpool). Dr. Phillip mcCalman (University of California). Professor Paul mcnelis (Fordham University). Sir James mirrlees (University of Cambridge) (Laureate Professor for Faculty). Tim moore (Turning Point Drug and Alcohol Centre). Dr. James murphy (University of Massachusetts) Dr. Veronika nemes Professor Charles n. noussair (Emory University, Atlanta). Professor Arvind Panagariya (Columbia University).Associate Professor Abigail Payne (McMaster University). Professor Charles Plott (California Institute of Technology). Dr. David Prentice (LaTrobe University). Professor Clemens Puppe (University of Karlsruhe). Dr. Peter Schmidt (Michigan State University). Professor Holger Seig (Carnegie Mellon University).Professor Susanne Scotchmer (University of California, Berkeley). Gary Stoneham (Department of Sustainability and Environment). Thor O. Thoresen (Director of Research Statistics Norway). Associate Professor Anne van den nouweland (University of Oregon). Professor Jan van Ours (UVT, Netherlands). Professor Frank Vella (Georgetown University).Professor Eyal Winter (Hebrew University of Jerusalem).

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Griffiths W, Hill RC & O’Donnell CJ. 2006. A comparison of Bayesian and sampling theory inferences in a probit model. Essays in honor of Stanley R. Johnson. United States: The Berkeley Electronic Press, pp. 1-13.

Griffiths W & Webster E. 2006. Market valuation of Australian intellectual property. The management of intellectual property. Cheltenham, United Kingdom: Edward Elgar Publishing, pp. 146-158.

Norman N. 2006. Economy. The far east and australasia 2006. London, United Kingdom: Routledge, pp. 64-81.

Sickles RC & Williams J. 2006. An intertemporal model of rational criminal choice. Panel data econometrics Theoretical contributions and empirical applications. Amsterdam, Netherlands: Elsevier Science, pp. 135 - 165.

JOURNAL ARTICLESAliprantis CD, Harris D & Tourky R. 2006. Continuous piecewise linear functions. Macroeconomic Dynamics. 10 (1): 77-99.

Balistreri EJ & Hillberry R. 2006. Trade frictions and welfare in the gravity model: how much of the iceberg melts? Canadian Journal of Economics. 39 (1): 247 - 265.

Bardsley P & Sherstyuk K. 2006. Rat races and glass ceilings. Topics in Theoretical Economics. 6 (1): 1-35.

Basov S. 2006. Snobs and quality gaps. Contributions to Theoretical Economics. 6 (1): 1-8.

Beggs DJ & Skeels C. 2006. Market arbitrage of cash dividends and franking credits. Economic Record. 82 (258): 239 - 252.

Borland J. 2006. What can a young labour economist (or any economist) learn from Bob Gregory? Economic Record. 82 (257): 122-126.

Borland J. 2006. Xiaokai Yang and the economics of specialisation. Economic Papers. 25 (2): 171-176.

Cai L, Creedy J & Kalb G. 2006. Accounting for Population Ageing in Tax Microsimulation Modelling by Survey Reweighting. Australian Economic Papers. 45 (1): 18-37.

Cason TN & Gangadharan L. 2006. An experimental study of compliance and leverage in auditing and regulatory enforcement. Economic Inquiry. 44 (2): 352-366.

Cason TN & Gangadharan L. 2006. Emissions variability in tradable permit markets with imperfect enforcement and banking. Journal of Economic Behaviour and Organization. 61 (2): 199-216.

Clarke A. 2006. Learning-by-doing and aggregate fluctuations: does the form of the accumulation technology matter? Economics Letters. 92 (3): 434 - 439.

Corden W & Jayasuriya S. 2006. Distinguished fellow of the Economic Society of Australia, 2005: Peter Lloyd. Economic Record. 82 (256): 77 - 81.

Borland J. 2006. Economic design and professional sporting competitions. Australian Economic Review. 39 (4): 435-441.

Corden W. 2006. An essay in bobology. Economic Record. 82 (257): 118-121.

Creedy J. 2006. From manuscript to publication: a brief guide for economists. Australian Economic Review. 39 (1): 103-113.

Creedy J. 2006. How to calculate welfare measures using only Marshallian demand functions. Australian Economic Review. 39 (3): 340-346.

Creedy J, Kalb GR & Scutella R. 2006. Income Distribution in Discrete Hours Behavioural Microsimulation Models: An Illustration. Journal of Economic Inequality. 4 (1): 57-76.

Creedy J & Sleeman C. 2006. Carbon taxation, prices and welfare in New Zealand. Ecological Economics. 57 (3): 333-345.

Creedy J & Sleeman C. 2006. Indirect taxation and progressivity: revenue and welfare changes. FinanzArchiv. 62 (1): 50-67.

Davies W. 2006. An ‘infusion’ approach to critical thinking: Moore on the critical thinking debate. Higher Education Research and Development. 25 (2): 179-193.

Davies W. 2006. The intensive teaching formats: a review. Issues in Educational Research. 16 (1): 1-20.

Davies W, Hirschberg J, Lye J, Johnston C & Mcdonald I. 2006. What influences teaching evaluations? Evidence from a major Australian university. The Business Review, Cambridge. 6 (1): 146-152.

Devlin M. 2006. Challenging accepted wisdom about the place of conceptions of teaching in university teaching improvement. International Journal of Teaching and Learning in Higher Education. 18 (2): 112-119.

Dickson D. 2006. Premiums and reserves for life insurance products. Australian Actuarial Journal. 12 (2): 259 - 279.

Dickson D & Drekic S. 2006. Optimal dividends under a ruin probability constraint. Annals of Actuarial Science. 1 (2): 291-306.

Dickson D & Waters HR. 2006. Optimal dynamic reinsurance. Astin Bulletin. 36 (2): 415-432.

Dixon R. 2006. Carlyle, Malthus and Sismondi: the origins of Carlyle’s dismal view of the political economy. History of Economics Review. 2006 (44): 32-38.

Dixon R. 2006. Male and female unemployment rate dispersion in a large Australian city. Australasian Journal of Regional Studies. 12 (2): 205-216.

Dixon R. 2006. State differences in the equilibrium employment-population ratio. Australasian Journal of Regional Studies. 12 (1): 63-74.

Dixon R & Griffiths W. 2006. Survival on the Titanic: illustrating Wald and Lagrange multiplier tests for proportions and logits. Journal of Economic Education. 37 (3): 289 - 304.

Dixon R & Mahmood M. 2006. Hans Singer’s model of the severity of recessions. Cambridge Journal of Economics. 30 (6): 835-846.

Dungey M, Fry R, Gonzalez-Hermosillo B & Martin V. 2006. Contagion in international bond markets during the Russian and the LTCM crises. Journal of Financial Stability. 2 (1): 1-27.

Fielding DF & Shields K. 2006. Regional asymmetries in monetary transmission: the case of South Africa. Journal of Policy Modeling. 28 (9): 965 - 979.

Fitzherbert R. 2006. Australian equity returns: another look at the historical record. JASSA - Journal of the Securities Institute of Australia . Spring (3): 20 - 24.

Fitzherbert R. 2006. Paradigms, research and recognition of the Actuarial profession. Australian Actuarial Journal. 12 (1): 103 - 140.

Fitzherbert R. 2006. Research and the future of the actuarial profession. Actuary Australia. 2006 (June): 16-18.

Freebairn J & Quiggin J. 2006. Water rights for variable supplies. Australian Journal of Agricultural and Resource Economics. 50 (3): 295-312.

Frijters P, Geishecker I, Haisken-Denew J & Shields M. 2006. Can the large swings in Russian life satisfaction be explained by ups and downs in real incomes? Scandinavian Journal of Economics. 108 (3): 433-458.

Ganewatta G, Waschik R, Jayasuriya S & Edwards G. 2006. Impact of protection on domestic processing of primary commodities for export markets: an example from the Sri Lankan tea industry. South Asia Economic Journal. 7 (1): 1 - 18.

Gangadharan L. 2006. Environmental compliance by firms in the manufacturing sector in Mexico. Ecological Economics. 59 (4): 477-486.

Gans JS & King S. 2006. Paying for loyalty: Product bundling in oligopoly. Journal of Industrial Economics. 54 (1): 43-61.

Goh SK, Lim G & Olekalns N. 2006. Deviations from uncovered interest rate parity in Malaysia. Applied Financial Economics. 16: 745-759.

Griffiths W & Valenzuela MR. 2006. Gibbs samplers for a set of seemingly unrelated regressions. Australian and; New Zealand Journal of Statistics. 48 (3): 335 - 351.

Harding A & Pagan A. 2006. Synchronization of cycles. Journal of Econometrics. 132 (1): 59 - 79.

Henry O & McKenzie M. 2006. The impact of short selling on the price-volume relationship: evidence from Hong Kong. The Journal of Business (Chicago). 79 (2): 671 - 691.

Jayasuriya S. 2006. Trade or aid: key issues in the debate. Australian Economic Review. 39 (1): 60-62.

Joshi M. 2006. Achieving decorrelation and speed simultaneously in the Libor market model. Journal of Risk. 9 (1): 147-153.

Joshi M. 2006. Option pricing and the Dirichlet problem. Wilmott Magazine. 4 (4): 100-103.

Joshi M & Stacey A. 2006. Intensity gamma: a new approach pricing portfolio credit derivatives. Risk Magazine. 19 (7): 78-83.

Lim G, Maasoumi E & Martin V. 2006. A re-examination of the equity premium puzzle: a robust non-parametric approach. North American Journal of Economics and Finance. 17 (2): 173-189.

Lim G, Martin G & Martin V. 2006. Pricing currency options in the presence of time-varying volatility and non-normalities. Journal of Multinational Financial Management. 16 (3): 291-314.

Li S. 2006. The distribution of the dividend payments in the compound Poisson risk model perturbed by diffusion. Scandinavian Actuarial Journal. 2006 (2): 73-85.

Li S & Dickson D. 2006. The maximum surplus before ruin in an Erlang(n) risk process and related problems. Insurance: Mathematics & Economics. 38 (3): 529 - 539.

Linacre N, Falck-Zepeda J, Komen J & Maclaren D. 2006. Risk assessment and management of genetically modified organisms under Australia’s gene technology act: considerations for regulatory development. Asian Biotechnology and Development Review. 8 (3): 1 - 16.

Lye J & McDonald I. 2006. An evaluation of unemployment policy in Australia using the range of equilibria. Australian Economic Review. 39 (3): 239-256.

Lye J & McDonald I. 2006. John Maynard Keynes meets Milton Friedman and Edmond Phelps: the range versus the natural rate in Australia, 1965:4 to 2003:3. Australian Economic Papers. 45 (3): 227 - 240.

MacLaren D. 2006. A review of Henson, S. and J. S. Wilson (eds) the WTO and technical barriers to trade. Journal of Agricultural Economics. 57 (3): 599-601.

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MacLaren D. 2006. On aspects of food safety and international trade. Singapore Economic Review. 51 (2): 135 - 145.

McCabe B, Leybourne S & Harris D. 2006. A residual-based test for stochastic cointegration. Econometric Theory. 22 (3): 429-456.

Pitt D. 2006. Regression quantile analysis of claim termination rates for income protection insurance. Annals of Actuarial Science. 1 (2): 345-357.

Potter B & Johnston C. 2006. The effect of interactive on-line learning systems on student learning outcomes in accounting. Journal of Accounting Education. 24 (1): 16-34.

Skeels C. 2006. Review of ‘simplicity, inference and modelling: keeping it sophisticatedly simple’ by Zellner, Keuzenkamp and McAleer (Eds). Economic Record. 82 (257): 226-227.

Smith R. 2006. The Australian grocery industry: a competition perspective. Australian Journal of Agricultural and Resource Economics. 50 (1): 33 - 50.

Smith R & Merrett A. 2006. To buy or not to buy: economic and legal reflections on buyer power. Competition and Consumer Law Journal. 14 (2): 100 - 126.

Smith R & Rahman A. 2006. Conglomerate mergers and the ACCC’s merger guidelines. Competition and Consumer Law Journal. 14 (1): 20 - 38.

Song L & Freebairn J. 2006. How Big Was the Effect of Budget Consolidation on the Australian Economy in the 1990s? Australian Economic Review. 39 (1): 35-46.

Williams J, Pacula RL, Chaloupka FJ & Wechsler H. 2006. College students’ use of cocaine. Substance Use and Misuse. 41 (4): 489 - 509.

Williams J & Skeels C. 2006. The impact of cannabis use on health. De Economist. 154 (4): 517 - 546.

Yuen KC, Guo J & Wu X. 2006. On the first time of ruin in the bivariate compound Poisson model. Insurance: Mathematics & Economics. 38 (2): 298 - 308.

CONFERENCE PUBLICATIONSAnukoonwattaka W. 2006. Outsourcing decisions of a multinational: a theoretical model and empirical evidence from Toyota, Thailand. Regulation, governance and markets in small, open economies. The sixth joint research symposium of the National University of Singapore and the University of Melbourne. 1-32. Melbourne, Australia: Faculty of Economics and Commerce.

Bardsley P, Teague V & Clausen AP. 2006. Cryptographic commitment and simultaneous exchange. Australasian meeting of the econometric society. 1-12. New York University, United States: Econometric Society.

Erkal N. 2006. Optimal sharing incentives in dynamic games of R & D. The North American summer meetings of the Econometric Society. 1-38. Minneapolis, United States: University of Minnesota Press.

Freebairn J. 2006. Case study two - labour market reform: discussant. Productive reform in a federal system: roundtable proceedings. 239 - 244. Melbourne, Australia: Productivity Commission.

Harding A & Pagan A. 2006. The econometric analysis of constructed binary time series. Australasian meeting of the econometric society. 1-29. New York University, United States: Econometric Society.

Jayasuriya S, Kim JH & Kumar P. 2006. International and internal market integration in Indian agriculture. Regulation, governance and markets in small, open economies. The sixth joint research symposium of the National University of Singapore and the University of Melbourne. 1-28. Melbourne, Australia: Faculty of Economics and Commerce.

Jayasuriya S, MacLaren D & Mehta R. 2006. Meeting food safety standards in export markets: issues and challenges facing firms exporting from developing countries. Summer Symposium of the International Agricultural Trade Research Consortium (IATRC). 1-10. Bonn, Germany: University of Bonn.

Lloyd P & MacLaren D. 2006. Rules of origin. Australia - China free trade agreement conference. 1-30. Canberra, Australia: Department of Foreign Affairs and Trade.

Lloyd P & Zhang X. 2006. The Armington model. Regulation, governance and markets in small, open economies. The sixth joint research symposium of the National University of Singapore and the University of Melbourne. 1-33. Melbourne, Australia: Faculty of Economics and Commerce.

McCorriston S & MacLaren D. 2006. Exclusive rights, policy bias and trade distorting state trading enterprises. ETSG 2006 Vienna Eighth Annual Conference. 1 - 32. Vienna, Austria: European Trade Study Group.

McCorriston S & MacLaren D. 2006. The economic effects of state trading enterprises: market access and market failure. 26th Conference of the international association of agricultural economists. 1 - 16. Gold Coast, Australia: International Association of Agricultural Economists.

Ng GSC. 2006. Public policy, entrepreneurship and economic growth in Singapore: an economic model. Regulation, governance and markets in small, open economies. The sixth joint research symposium of the National University of Singapore and the University of Melbourne. 1-38. Melbourne, Australia: Faculty of Economics and Commerce.

Norman N. 2006. New insights for trade policy from simple economic models. Regulation, governance and markets in small, open economies. The sixth joint research symposium of the National University of Singapore and the University of Melbourne. 1-19. Melbourne, Australia: Faculty of Economics and Commerce.

Norman N. 2006. Price relativities and price responses in the face of global competiton. 5th Global conference on business and economics. 1-15. Cambridge, United Kingdom: Cambridge University.

Pham XH. 2006. Optimal number of years of schooling and investment in education. Regulation, governance and markets in small, open economies. The sixth joint research symposium of the National University of Singapore and the University of Melbourne. 1-39. Melbourne, Australia: Faculty of Economics and Commerce.

Poskitt DS & Skeels C. 2006. Small concentration asymptotics and instrumental variables inference. Australasian meeting of the econometric society. 1-30. New York University, United States: Econometric Society.

�� ��Alatas V, Cameron L, Chaudhuri A, Erkal N & Gangadharan L. 2006. Gender and corruption: insights from an experimental analysis. Report No 974. Melbourne, Australia: Department of Economics, The University of Melbourne.

Alatas V, Cameron L, Chaudhuri A, Erkal N & Gangadharan L. 2006. Subject pool effects in a corruption experiment: a comparison of Indonesian public servants and Indonesian students. Report No 975. Melbourne, Australia: Department of Economics, The University of Melbourne.

Basov S. 2006. Non-monotone incentives in a model of coexisting hidden action and hidden information. Report No 979. Melbourne, Australia: Department of Economics, The University of Melbourne.

Basov S. 2006. Quality gaps. Report No 967. Melbourne, Australia: Department of Economics, The University of Melbourne.

Chotikapanich D & Griffiths W. 2006. Bayesian assessment of Lorenz and stochastic dominance in income distributions. Report No 960. Melbourne, Australia: Department of Economics, The University of Melbourne.

Creedy J. 2006. Education vouchers: means testing versus uniformity. Report No 978. Melbourne, Australia: Department of Economics, The University of Melbourne.

Creedy J. 2006. Evaluating policy: welfare weights and value judgements. Report No 971. Melbourne, Australia: Department of Economics, The University of Melbourne.

Creedy J. 2006. Francis Ysidro Edgeworth 1845 - 1926. Report No 973. Melbourne, Australia: Department of Economics, The University of Melbourne.

Creedy J & Guest RG. 2006. Population ageing and intertemporal consumption: representation agent versus social planner. Report No 972. Melbourne, Australia: Department of Economics, The University of Melbourne.

Dickson D & Waters HR. 2006. Optimal dynamic reinsurance. Report No 129. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Dixon R. 2006. Carlyle, Malthus and Sismondi: the origins of Carlyle’s dismal view of the political economy. Report No 965. Melbourne, Australia: Department of Economics, The University of Melbourne.

Dixon R & Griffiths W. 2006. Survival on the Titanic: illustrating Wald and LM tests for proportions and logits. Report No 964. Melbourne, Australia: Department of Economics, The University of Melbourne.

Dixon R & Shepherd D. 2006. The cyclical dynamics and volatility of Australian output and employment. Report No 968. Melbourne, Australia: Department of Economics, The University of Melbourne.

Erkal N & Piccinin DP. 2006. Horizontal mergers with free entry in differentiated oligopolies. Report No 976. Melbourne, Australia: Department of Economics, The University of Melbourne.

Faeth I. 2006. Consequences of FDI in Australia - casual links between FDI, domestic investment, economic growth and trade. Report No 977. Melbourne, Australia: Department of Economics, The University of Melbourne.

Frijters P, Shields M, Wheatley Price S & Williams J. 2006. Quantifying the cost of passive smoking on child health: evidence from children’s cotinine samples. Report No 2219. Bonn, Germany: Institute for the Study of Labour.

Harding A & Pagan A. 2006. Measurement of business cycles. Report No 966. Melbourne, Australia: Department of Economics, The University of Melbourne.

Harding A & Pagan A. 2006. The econometric analysis of constructed binary time series. Report No 963. Melbourne, Australia: Department of Economics, The University of Melbourne.

Helm TW. 2006. A model of adjustment costs and asymmetric price transmission. Report No 970. Melbourne, Australia: Department of Economics, The University of Melbourne.

Henry O, Olekalns N & Suardi s. 2006. Testing for rate-dependence and asymmetry in inflation uncertainty: evidence from the G7 economies. Report No 959. Melbourne, Australia: Department of Economics, The University of Melbourne.

Jayasuriya S & Bandara J. 2006. Distortions to agricultural incentives in Sri Lanka. Report No October 2006. Washinton D.C., United States: Agricultural Distortions Research Project.

Jayasuriya S, Steele P & Weerakoon D. 2006. Pemulihan pasca - tsunami: masalahan tantangan di Sri Lanka (in Indonesian). Report No 71. Tokyo, Japan: ADB Institute Discussion Paper.

Jayasuriya S, Steele P & Weerakoon D. 2006. Post - tsunami recovery: lessons from case study 1. Sri Lanka. Report No 20. Tokyo, Japan: ADB Institute Discussion Paper.

Joshi M. 2006. A simple derivation of and improvements to Jamshidian’s and Rogers’ upper bound methods for Bermudan options. Report No 143. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Joshi M. 2006. Achieving decorrelation and speed simultaneously in the Libor market model. Report No 138. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Joshi M. 2006. Monte Carlo bounds for callable products with non-analytic break costs. Report No 144. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Joshi M. 2006. Option pricing and the Dirichlet problem. Report No 137. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Joshi M & Leung T. 2006. Using Monte Carlo simulation and importance sampling to rapidly obtain jump-diffusion prices of continuous barrier options. Report No 141. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Joshi M & Liesch L. 2006. Effective implementation of generic market models. Report No 142. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Joshi M & Stacey A. 2006. Intensity gamma: a new approach pricing portfolio credit derivatives. Report No 139. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Joshi M & Stacey A. 2006. New and robust drift approximations for the Libor market model. Report No 140. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Li KKJ. 2006. Application of bayesian models with Markov chain Monte Carlo simulation to real claims data. Report No 147. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Li KKJ. 2006. Comparison of stochastic reserving methods. Report No 131. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Li KKJ. 2006. Modelling dependency between different lines of business with copulas. Report No 146. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Linacre N, Falck-Zepeda J, Komen J & Maclaren D. 2006. Risk assessment and management of genetically modified organisms under Australia’s gene technology act: considerations for regulatory development. Report No 157. Washington DC, United States: International Food Policy Research Institute.

Li S & Lu Y. 2006. Some optimal dividend problems in a Markov-modulated risk model. Report No 130. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Li S & Wu B. 2006. The diffusion perturbed compound Poisson risk model with a dividend barrier. Report No 134. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Pitt D. 2006. Modeling the claim duration of income protection insurance policyholders using parametric mixture models. Report No 132. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Pitt D. 2006. Regression quantile analysis of claim termination rates for income protection insurance. Report No 135. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Roessler C. 2006. Public good menus and feature complementarity. Report No 962. Melbourne, Australia: Department of Economics, The University of Melbourne.

Shields M. 2006. Happiness and income: evidence, explanations and economic implications. Report No 2006 - 24. Paris, France: Paris - Jourdan Sciences Economiques.

Stachurski J. 2006. Continuous state dynamic programming via nonexpansive approximation. Report No 961. Melbourne, Australia: Department of Economics, The University of Melbourne.

Williams J & Skeels C. 2006. The impact of cannabis and cigarette use on health. Report No 969. Melbourne, Australia: Department of Economics, The University of Melbourne.

Wu X & Li S. 2006. On a discrete time risk model with delayed claims and a constant dividend barrier. Report No 145. Melbourne, Australia: Centre for Actuarial Studies, The University of Melbourne.

Working Papers

�� ��Bardsley, Peter, Designing Innovative Allocation Mechanisms for Public Policy, ARC LP, DPI/DSE/Treasury.

Borland, Jeff, Experimental evaluation of YP4 - Is ‘joining up’ services for homeless and jobless people a net benefit to society?, ARC LP, Hanover Welfare.

Teaching Innovation Grant, Faculty Grant.

Cameron, Lisa, The Economics of Corruption and Institutional Change: Theory and Experiments, ARC DP.

Clarke, Andrew, Job duration and immigrant labour market assimilation, Faculty Grant.

Coelli, Michael, School Principals and Education Outcomes of Youth, Faculty Grant.

Erkal, Nisvan, Economics of Corruption and Institutional Change: Theory and Experiments, ARC DP.

Designing Innovative Allocation Mechanisms for Public Policy, ARC LP, DPI/DSE/Treasury.

Knowledge sharing in dynamic research and development competition, Faculty/MRIO.

Gangadharan, Lata, Economics of Corruption and Institutional Change: Theory and Experiments, ARC DP.

Designing Innovative Allocation Mechanisms for Public Policy, ARC LP, DPI/DSE/Treasury.

Griffiths, Bill, Nonparametric Bayesian Assessment of Lorenz and Stochastic Dominance in Income Distributions, Faculty Grant.

Henry, Olan, Measuring the Effects of Interest Rate Volatility, ARC DP.

Hillberry, Russell, Structural estimation of a model of heterogenous firms and international trade, Faculty/MRIO.

Hirschberg, Joe, Quantitative analysis of the Student Learning Experience, Learning & Teaching Performance Fund Grant.

Marginal Effects for Binary Response Models with Nonlinear Regressors, Faculty Grant.

Jacobi, Liana, Comparison of Alternative Identification Strategies for Estimating Treatment Effects in the Presence of Unobserved Confounders, Faculty Grant.

Lye, Jenny, Marginal Effects for Binary Response Models with Nonlinear Regressors, Faculty Grant.

Olekalns, Nilss, Measuring the Effects of Interest Rate Volatility, ARC DP.

Shields, Kalvinder, Measuring the Effects of Interest Rate Volatility, ARC DP.

Skeels, Chris, Approximations to the Sampling Behaviour of the IV Estimator in Dynamic Simultaneous Equations Models, Faculty Grant.

Stemp, Peter, Individual and Aggregate Behaviour of Consumers with Habit Persistence, Faculty Grant.

Research Grants International Research Collaboration

Peter Bardsley Overlapping Generations Contracting, Katya Sherstyuk, University of Hawaii

Cryptographic Commitment, Andrew Clausen, University of Pennsylvania

Lisa Cameron Economic geography and wages, Dr Mary Amiti, IMF, USA.

Do attitudes to corruption differ across cultures? Experimental evidence from Australia, India, Indonesia and Singapore, Dr Ananish Chaudhuri, University of Auckland, New Zealand.

Gender and corruption: Insights from an experimental analysis, Dr Ananish Chaudhuri, University of Auckland, New Zealand, Dr Vivi Alatas, World Bank, Jakarta, Indonesia.

The impact of minimum wages on employment in a developing country, Dr Vivi Alatas, World Bank, Jakarta, Indonesia.

Andrew Clarke Pro-cyclical Solow Residuals and Acyclical Wages without Technology Shocks, Alok Johri, McMaster University, Hamilton, Ontario, Canada

Job Durations and Immigrant Labour Market Assimilation, Mikal Skuterud, University of Waterloo, Waterloo, Ontario, Canada

Michael Coelli Breaking the cycle? The effect of education on welfare receipt among children of welfare recipients, Professor David A. Green, Department of Economics, University of British Columbia, Canada, William P. Warburton, Executive Director, Child and Youth Development Trajectories Research Unit, University of British Columbia, Canada.

School principals and graduation rates, Professor David A. Green, Department of Economics, University of British Columbia, Canada

John Creedy Indirect tax modelling, Cath Sleeman, Reserve Bank of New Zealand, New Zealand.

Modelling tax revenue growth, Norman Gemmell, Nottingham University, UK.

David Dickson Optimal dynamic reinsurance, Professor Howard Waters, Heriot-Watt University, UK.

Robert Dixon Dynamics of aggregate output and employment in Australia, Dr David Shepherd, House of Lords, UK

Nisvan Erkal Optimal sharing strategies in dynamic games of research and development, Professor Deborah Minehart, US Department of Justice, USA

Identity and Group Conflict, Associate professor Raja Kali, University of Arkansas, USA

John Freebairn Evaluating Research Development Corporations and Agricultural R&D, Professor Julian Alston, University of California, Davis and Dr Jeni James, Penn State University

Lata Gangadharan An Experimental Analysis of Trust and Trustworthiness, Ananish Chaurdhuri, University of Auckland, NZ

An Experimental Study of Compliance and Leverage in Auditing and Regulatory Enforcement, Tim Cason, Purdue, USA

Propensities to Engage in and Punish Corrupt Behaviour? Experimental Evidence from Australia, India, Indonesia and Singapore, Lisa Cameron, Ananish Chaudhuri, Nisvan Erkal

An Experimental Analysis of Group Size, Reciprocity and Risk Sharing, Ananish Chaudhuri, Pushkar Maitra

Investment Decisions and Emissions Reductions: Experimental Results in Emissions Permit Trading, A. Farrell, UC Berkely, R. Croson, University of Penn

�0 ��

Gender and Corruption: Insights from an Experimental Analysis, Vivi Alatas, Lisa Cameron, Ananish Chaudhuri, Nisvan Erkal

Moral Hazard and Peer Monitoring in a Laboratory Microfinance Experiment, Tim Cason, Pushkar Maitra

A Corruption Experiment with Indonesian Public Servants and Indonesian Students, Vivi Alatas, Lisa Cameron, Ananish Chaudhuri, Nisvan Erkal

David Harris Testing for long memory, Professor Brendan McCabe, Liverpool, UK and Professor Steve Leybourne Nottingham, UK.

Olan Henry Identifying Interdependencies between South-East Asian Stock Markets: A Non-linear Approach, Henry, O.T., Lakshman, R. and N. Olekalns, University of Colombo, Sri Lanka, Australian Economic Papers. In Press

Testing for Threshold Cointegration, Burke, S.P, O.T. Henry, K.K. Shields, University of Reading

Russell Hillberry Estibration: An Illustration of Structural Estimation as Calibration, Edward J Balistreri, Colorado School of Mines and Technology, USA

Structural Estimation and the Border Puzzle, Edward J Balistreri, Colorado School of Mines and Technology, USA

Structural Estimation and Solution of International Trade Models with Heterogeneous Firms, Edward J Balistreri, Colorado School of Mines and Technology, and Thomas J. Rutherford, USA

Trade Responses to Geographic Frictions: A Decomposition Using Micro Data, David Hummels, Purdue University, USA

Joseph Hirschberg Engel Curve Analysis, Dan Slottje, SMU

Restricted Least Squares, Dan Slottje, SMU

Duncan Ironmonger

World Project LINK for economic modelling and forecasting, Professor Peter Pauly, University of Toronto, Canada, Professor Lawrence R. Klein, University of Pennsylvania, USA, Professor Bert G. Hickman, Stanford University, USA, Professor Stephen G. Hall, Imperial College, UK.

Integrating household production into national poverty reduction policies in Africa, Dr Alfred Latigo, Policy Analysis and Advocacy Programme, African Centre for Gender and Development, Economic Commission for Africa, Addis Ababa, Ethiopia

Multinational time use study, Professor Jonathan Gershuny, and Dr Kimberly Fisher, University of Oxford, UK, Professor Andrew Harvey, St Mary’s University, Canada, Professor Anne Gautier, University of Calgary, Canada.

Adolescent time use, leisure participation and well-being, Faye Soupourmas, University of Melbourne, Jiri Zuzanek, University of Waterloo, Canada, Hannu Paakkonen, Statistics Finland, Finland, Andries van der Broek, Social and Cultural Planning Office of the Netherlands, The Netherlands, Wim Knulst, Tilburg University, The Netherlands, Sandra Short, Office of National Statistics, UK, Jessie Vandeweyer and Frank Stephens, Free University of Brussels, Belgium, Odd Vaage, Statistics Norway, Norway, Karen Blanke, German Youth Institute, Germany, Alain Chenu, National Institute for Statistics and Economic Studies (INSEE), France.

Time use surveys in the National Statistical System of India, Professor Indira Hirway, Centre for Development Alternatives, Ahmedabad, India, Department of Statistics, Government of India, Ministry of Women and Child Development, United Nations Development Program and the World Bank

Liana Jacobi Estimating treatment effects in the presence of unobserved confounders, Professor Siddhartha Chib, Olin School of Business, Washington University in St. Louis, US

Examining different hypotheses for the higher probability of hard drug use among cannabis users, Dr Anne Line Bretteville-Jensen, Institute for Alcohol and Drug Research, Norway

Sisira Jaysuriya International food safety regulation and processed food exports from developing countries: A comparative study of India and Thailand. joint research project with ANU, Dr Bhanupong Nidhiprabha, Thammasat University, Thailand, Dr Rajesh Mehta, Research and Information Systems for Developing Countries (RIS), New India.

Agricultural trade liberalisation and domestic market reforms in Indian agriculture, Dr Rajesh Chadha, National Council of Applied Economics Research (NCAER), India, Dr Susan Thomas, Indira Gandhi Institute of Development Economics Research, Mumbai, India

Coping with Natural Disasters: Post-tsunami recovery and reconstruction in Indonesia, Sri Lanka and Thailand, Dr Suahasil nazara, Director, Demographic Institutem Faculty of Economics, University of Indonesia, Jakarta, Indonesia and Dr Budy P. Resosudarmo, Indonesian Project, RSPAS, Australian National University, Dr Dushni Weerakoon Economic Policy Issues Institute of Policy Studies of Sri Lanka, Sri Lanka, Associate Professor Bhanupong Nidhiprabha, Faculty of Economics, Thammasat University, Bangkok, Thailand, Dr Peter McCawley, Asian Development Bank Institute, Tokyo

Monetary Integration Mechanisms in South Asia, Dr Nephil Maskay, Central Bank of Nepal, Nepal

Mark Joshi Financial mathematics, Christian Fries DZ Bank, Germany

Financial mathematics, Lorenzo Liesch UBM, Italy

Financial mathematics, Terence Leung, University College, London, UK

May Li Business cycle asymmetry via occasionally binding international borrowing constraints, Assistant Professor Scott Dressler, Department of Economics, Villanova University, USA, Professor Dean Corbae, Department of Economics, The University of Texas at Austin, USA

Shuanming Li The moments of the dividends and related problems in a Markov-modulated risk model, Dr Yi Lu, Simon Fraser University, Canada

Guay Lim Fiscal and Current Account Balances in a Model with Sticky Prices and Distortionary Taxes, McNelis, P.D., Fordham University, USA

Inflation Targeting or Fixed Exchange Rate For an economy with Financial Frictions and Endogneous Risk Premia, McNelis, P.D., Fordham University, USA

Simon Loertscher Dynamic House Allocations, Atila Abdulkadiroglu, Duke University, Durham

Learning in political economics, Esther Bruegger, NERA, New York City

Reelection incentives, Dominic Rohner, University of Cambridge

Dynamic Location Games, Gerd Muehlheusser, University of Bern

Jenny Lye Engel Curve Analysis, Dan Slottje, SMU

Restricted Least Squares, Dan Slottje, SMU

Donald MacLaren The trade and welfare effects of State Trading Enterprises, Professor Steve McCorriston, University of Exeter, UK.

Liberalising domestic agricultural markets in India, Dr Rajesh Chadha, National Council of Applied Economic Research, India,

Distortions to Agricultural Incentives, Professor Kym Anderson, World Bank, Washington DC

Vance Martin International money shocks, Roger Craine, University of California, Berkeley

Nikos Nikiforakis A comparative statistics analysis of punishment in public good experiments, Professor Hans Normann, Department of Economics, Royal Holloway University of London, UK

Asymmetric enforcement of cooperation in a social dilemma, Professor Hans Normann, Department of Economics, Royal Holloway University of London, UK, Dr Brian Wallace, Department of Economics, UCL, UK

Punishment and Feuds in the Laboratory, Professor Dirk Engelmann, Department of Economics, Royal Holloway University of London, UK

Neville Norman Global influences on UK product pricing: theory, data and econometrics, Professor Kenneth J Coutts, Economics, Cambridge UK:

Roberto Raimondo Professor Robert Anderson, Department of Economics and Mathematics, University of California at Berkeley, USA

Kalvinder Shields Macroeconomic modelling of the West African economies, Professor Kevin Lee, University of Leicester, UK, Dr. David Fielding, University of Otago, New Zealand.

Real time issues in macroeconomics, Professor Kevin Lee, University of Leicester, UK, Dr. Emi Mise, University of Leicester, UK, Dr. Anthony Garratt, Birkbeck University, UK.

Regional disparities of prices in the US, Professor David Fielding, University of Otago, New Zealand

Michael Shields Comparing subjective and objective measures of health: Implications for the estimated income/health gradient, Professor Carol Propper, University of Bristol

Income and happiness: Evidence, explanations and policy implications, Professor Andrew Clark, PSI, Paris

Childhood socio-economic conditions and mortality, Professor Tim Hatton, University of Essex

Lawrence Uren Skill Requirements, Search Frictions and Wage Inequality, Garbor Virag, Department of Economics, University of Rochester

Jenny Williams Cannabis prices and dynamics of cannabis use, Professor Jan van Ours, Department of Economics, Tilburg University, The Netherlands

Why parents worry: Initiation into cannabis by youth and their educational attainment, Professor Jan van Ours, Department of Economics, Tilburg University, The Netherlands

Turning from Crime, Professor Robin Sickles, Department of Economics, Rice University, USA

�� ��Bardsley, Peter, Cryptographic Commitment and Simultaneous Exchange. ESAM06 July 2006

Cryptographic Commitment and Simultaneous Exchange. U Sydney 2006

Cryptographic Commitment and Simultaneous Exchange. UWA 2006

Cryptographic Commitment and Simultaneous Exchange. Murdoch 2006

Cryptographic Commitment and Simultaneous Exchange. Indian Statistical Institute, Delhi 2006

Cryptographic Commitment and Simultaneous Exchange. Delhi School of Economics 2006

Cryptographic Commitment and Simultaneous Exchange. JNU, Delhi 2006

Cameron, Lisa, Do Attitudes to Corruption Differ Across Cultures? International Workshop on Field experiments in Economics, University of Canterbury, NZ. Feb 2006

Do Attitudes to Corruption Differ Across Cultures? Department of Economics, Monash University 15 Mar 2006

Is the Relationship between Socio-economic Status and Health Stronger for Older Children in Developing Countries? Development Economics Workshop, Monash University 8 June 2006

Clarke, Andrew, Job Durations and Immigrant Labour Market Assimilation. University of Melbourne 3 Nov 2006

Coelli, Michael, School Principals and Graduation Rates. ESAM, Alice Springs, Australia 7 Jul 2006

Discussant. LEW, Adelaide, Australia 11 Aug 2006

Breaking the Cycle? The Effect of Education on Welfare. RSS, ANU, Canberra, Australia 17 Feb 2006

Breaking the Cycle? The Effect of Education on Welfare. University of Melbourne, Australia 1 Mar 2006

School Principals and Graduation Rates. Melbourne Institute, Australia 7 Feb 2006

Tuition, Rationing and Equality of Access to Post-Secondary Education. Deakin University, Melbourne, Australia 6 Sep 2006

Parental Income Shocks and the Education Attendance. Monash University, Melbourne, Australia 31 May 2006

School Principals and Graduation Rates. LaTrobe University, Melbourne, Australia 6 Oct 2006

de Fontenay, Catherine, Bilateral Bargaining with Externalities. Rice University, Department of Economics 1/06

Bilateral Bargaining with Externalities. Stern Business School, NYU 2/06

Bilateral Bargaining with Externalities. University of Toronto 3/06

Bilateral Bargaining with Externalities. University of Southern California 4/06

Bilateral Bargaining with Externalities. University of San Diego 4/06

Bilateral Bargaining with Externalities. International Industrial Organization Conference, Boston 4/06

Bilateral Bargaining with Externalities. University of Adelaide 6/06

The shrinking of middle management and the rise in CEO compensation. 2006 Australasian Meetings of the Econometric Society, Alice Springs 7/06

Bilateral Bargaining with Externalities. 2006 European Meetings of the Econometric Society, Vienna 8/06

Conference & Seminar Presentations

Dickson, David, Aggregate claims, solvency and reinsurance. Keio University 27 March

Dividend strategies for a modified risk process. University of Waterloo 29 June

Optimal dynamic reinsurance. Australian National University 10 March

Risk theory and reinsurance. Bank Negara, Kuala Lumpur 15 March

Some finite time ruin problems. University of Waterloo 21 July

Premiums and reserves for life insurance products. Actuarial Society of Malaysia, Kuala Lumpur 14 March

Dufresne, Daniel, Fourier Inversion Formulas in Option Pricing. Second Q-Group & Monash University Department of Accounting and Finance Colloquium 10 March 2006

Fitting combinations of exponentials to probability distributions. Actuarial Research Conference, Montreal, Canada 12 August 2006

Rentes viageres aleatoires. Universite du Quebec a Montreal, Canada 8 September 2006

Fitting combinations of exponentials to probability distributions. Concordia University, Montreal 8 September 2006

Stochastic life annuities. 5th National Symposium on Financial Mathematics, Melbourne 27 September 2006

Recent results on the integral of geometric Brownian motion. Quantitative Methods in Finance Conference, Sydney 16 December 2006

Erkal, Nisvan, Optimal Sharing Strategies in Dynamic Games of Research and Development. University of Colorado, Boulder April 2006

Optimal Sharing Strategies in Dynamic Games of Research and Development. University of Arkansas April 2006

Horizontal Mergers with Free Entry in Differentiated Oligopolies.

International Industrial Organization Conference, Boston, MA, USA April 2006

Optimal Sharing Strategies in Dynamic Games of Research and Development. Midwest Economic Theory Meetings, East Lansing, Michigan, USA April 2006

Optimal Sharing Strategies in Dynamic Games of Research and Development. Australasian Meeting of the Econometric Society, Alice Springs, Australia July 2006

Fitzherbert, Richard, What causes the equity premium. 11th Finsia Banking and Finance Conference, RMIT University 25 Sep 2006

Paradigms, research and recognition of the actuarial profession. The Institute of Actuaries of Australia, Melbourne Town Hall 20 Feb 2006

Paradigms, research and the future of the actuarial profession. The institute of Actuaries of Australia, Sydney 22 Feb 2006

The equity premium puzzle: the return of shareholders equity hypothesis. Macquarie University 15 Mar 2006

Research and the future of the actuarial profession. Macquarie University 29 May 2006

Gangadharan, Lata, An Experimental Analysis of Group Size, Reciprocity and Risk Sharing. Indian Statistical Institute, Delhi 12 Jan 2006

Moral Hazard and Peer Monitoring in a Laboratory Microfinance Experiment. Economic Science Association Meetings, Atlanta, USA 10 June 2006

A Corruption Experiment with Indonesian Public Servants and Indonesian

Students. Experimental Workshop, Melbourne 10 Aug 2006

An Experimental Analysis of Group Size, Reciprocity and Risk Sharing. Econometric Society, Australasian Meetings, Alice Springs 7 July 2006

Impact of Risk and Uncertainty in the Provision of Private and Public Goods: An Experimental Analysis. Monash University 20 Sept 2006

Impact of Risk and Uncertainty in the Provision of Private and Public Goods: An Experimental Analysis. Australian National University 21 Sept 2006

Experiments in Economics. Jadavpur University, Kolkata, India 21 Nov 2006

Griffiths, Bill, Bayesian Assessment of Lorenz and Stochastic Dominance in Income

Distributions. Deakin University 05 April 2006

Bayesian Assessment of Lorenz and Stochastic Dominance in Income Distributions. University of Queensland 25 August 2006

Harding, Don, The Econometric Analysis of Constructed Binary Time Series. Econometric Society Australasian Meeting 6 July 2006

Econometric Foundations for the Analysis of Data Revisions. Centre for Macroeconomics Workshop, Forecasting, Analysis and Policy Using Real Time Data 19 May 2006

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Henry, Olan, Measuring Asymmetry in Macroeconomic Growth and Stock Returns. Department of Economics and Finance: La Trobe University 19 May 2006

Sign and Phase Asymmetry: Economic Activity and the Stock Market. ICMA Centre: The University of Melbourne 2 November 2006

Sign and Phase Asymmetry: Economic Activity and the Stock Market. Department of Accounting and Finance: The University of Essex 7 November 2006

Hillberry, Russell, Recent Empirical Studies of Preferential Trade Agreements. Australia-China Free Trade Agreement Conference, Shenzhen PRC 29/6/2006

Structural Estimation and the Border Puzzle. University of Melbourne - Microeconometrics Seminar 15/3/2006

Structural Estimation and the Border Puzzle. Otago Workshop in International Trade 24/3/2006

Structural Estimation and Solution of International Trade Models with

Heterogeneous Firms. U.S. International Trade Commission 19/10/2006

Structural Estimation and Solution of International Trade Models with Heterogeneous Firms. Midwest International Economics Group (USA) 13/10/2006

Structural Estimation and Solution of International Trade Models with Heterogeneous Firms. Productivity Commission 11/10/2006

Hirschberg, Joe, Systematic Influences on Teaching Evaluations: The One Day Forum: The Quantitative Analysis of Teaching and Learning in Higher Education in Business, Economics and Commerce Feb 10, 2006

Systematic Influences on Teaching Evaluations: Faculty of Economics and Business, University of Sydney April 5, 2006.

Systematic Influences on Teaching Evaluations: Department of Economics, Monash University, Caulfield May 12, 2006

Systematic Influences on Teaching Evaluations: Department of Economics, Southern Methodist University, Dallas Texas Dec 6, 2006

Interactions in Regressions. 35th Australian Conference of Economists, Perth, WA Sept 25, 2006

Interactions in Regressions. Microeconometrics Workshop, Dept of Economics, Univ of Melbourne Oct. 18, 2006

Jacobi, Liana, Bayesian Modelling of Treatment Response Data from Eligibility Trials. Australian National University, Department of Economics 27.07.2006

Bayesian Modelling of Treatment Response Data from Eligibility Trials. University of Melbourne, Department of Economics 09.08.2006

Bayesian Modelling of Treatment Response Data from Eligibility Trials. University of New South Wales, Department of Economics 17.10.2006

Jayasuriya, Sisira, Post-Tsunami Sri Lanka: the Rocky Road from Relief to Recovery. ANU, Canberra 02 February 2006

Meeting Food Safety Standards in Export Markets: Issues and Challenges facing

Firms Exporting from Developing Countries. International Agricultural Trade Research Consortium, University of Bonn, Germany 30 May 2006

Liberalising Domestic agricultural Markets under an Open Trade Regime. NCAER, New Delhi, India 10 February 2006

International and Internal Market Integration in Indian agriculture: A study of the Indian Rice Market. NUS-University of Melbourne Research Symposium, UOM 15 December 2006

Coping with Natural Disasters in Developing Countries International Seminar on “Two Years after the Tsunami: Redevelopment in Comparative Context, Jakarta, Indonesia 18 December 2006

Distortions to Agricultural Incentives: Sri Lanka. International Association of Agricultural Economists. Conference 2006, Gold Coast 12 August 2006

Joshi, Mark, Monte Carlo bounds for early exercisable derivatives with non-analytic break Costs. Quantitative Methods in Finance, Sydney 13/12/2006

Early exercise and Monte Carlo obtaining tight bounds. ICE-EM Workshop on Mathematical Methods in Finance 28 09 2006

Early exercise and Monte Carlo obtaining tight bounds. Dept of Finance, Sydney Univ 1 sep 2006

Early exercise and Monte Carlo obtaining tight bounds. Dept of Finance Melbourne Univ 24 Nov 06

Early exercise and Monte Carlo obtaining tight bounds. Stochastic Processes Seminar Melbourne Univ Feb 2006

Implementing the Libor market model. Q group Sydney May 2006

Intensity gamma: a new approach to pricing portfolios credit derivatives. Quant Congress USA July 2006

Intensity gamma: a new approach to pricing portfolios credit derivatives. SIAM conference on mathematical analysis, Boston July 2006

Intensity gamma: a new approach to pricing portfolios credit derivatives. Business School, Columbia University July 2006

Intensity gamma: a new approach to pricing portfolios credit derivatives. Stochastic Processes Seminar, Melbourne Univ Feb 2006

Achieving smooth asymptotics for binomial trees. Stochastic processes seminar, Melbourne Univ Oct 06

Drifts in LIBOR market model. Stochastic processes seminar, Melbourne June 2006

Li, Shunyun, Employment Flows with Endogenous financing constraints. Workshop in Macroeconomics Dynamics, Australian National University, Canberra August 2006

Business Cycle Asymmetry via Occasionally Binding International Borrowing Constraints. Southern Workshop in Macroeconomics, Auckland, New Zealand May 2006

Costly External Finance, Reallocation, and Aggregate Productivity. Department of Economics, Monash University May 2006

Li, Shuanming, Some Optimal Dividend Problems in a Markov-modulated Risk model. The 10th international congress on Insurance: Mathematics and Economics, Leuven, Belgium July 18-20, 2006

Lim, Guay, Inflation Targeting, Learning and Q Volatility in Small Open Economies. Econometric Society Australasian Meeting, Alice Springs 4-7 July 2006

Lye, Jenny, Marginal effects for Binary Response Models with Nodels with Nonlinear Regressors. #5th Australian Conference of Economists Perth 25 September 2006

What Influences Teaching Evaluations? Evidence from a Major Australian University. The Economics and International Business Research Conference, Miami, Florida Dec 2006

MacLaren, Donald, Rules of Origin. Australia-China Free Trade Agreement Conference, Shenzhen, China 28-29 June 2006

Modelling the Trade and Welfare Effects of State Trading Enterprises in India. Workshop on: Liberalising Domestic Agricultural Markets in India, Hotel Claridges, New Delhi, India 10 February 2006

Meeting Food Standards in Export Markets: Issues and Challenges Facing

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Firms Exporting from Developing Countries. International Agricultural Trade Research Consortium Summer Symposium, University of Bonn, Germany 28-30 May 2006

Assessing the economic consequences of removing quarantine restrictions under uncertainty: the case of Australian bananas. Society for Risk Analysis Conference, University of Melbourne 17-19 July 2006

The Economic Effects of State Trading Enterprises: Market Access and Market Failure. 26th Conference of the International Association of Agricultural Economists, Gold Coast, Australia 12-18 August 2006

On Aspects of Food Safety and International Trade. Department of Economics and Finance, La Trobe University 20 October 2006

Liberalising Domestic Agricultural Markets under Open Trade Regime. Workshop on: Liberalising Domestic Agricultural Markets in India, Hotel Claridges, 10 February 2006 10 February 2006

McDonald, Ian, Other-regarding Uzawa preferences and living standard catch–up. Demographic Shift in Low and Middle Income Countries: Issues, Markets and Policy Response. Centre for Applied Economic Research, University of New South Wales 28 July 2006

Union power and Australia’s Inflation Barrier, 1965:4 to 2003:3, Department of Economics, Deakin University 9 August 2006

Union power and Australia’s Inflation Barrier, 1965:4 to 2003:3, Department of Economics, Monash University 23 August 2006

Beyond the Fringe: Insights for Economics from Sociology, Psychology, Philosophy and Neuroscience. Behavioural Economics Working Group, Monash University 15 September 2006

Other-regarding Uzawa preferences and living standard catch–up. Centre of Policy Studies, Monash University 31 August 2006

Nikiforakis, Nikos, Punishment and Counter-punishment in Public Good Games. London School of Economics, UK Jan 2006

Punishment and Counter-punishment in Public Good Games. University of Essex, UK March 2006

Punishment and Counter-punishment in Public Good Games. Max-Planck Institute, Jena, Germany March 2006

Punishment and Counter-punishment in Public Good Games. University of Mannheim, Germany March 2006

Asymmetric Enforcement of Cooperation. European Meeting of Economic Science Association, Nottingham, UK Sep 2006

Feedback Effects in Public-Good Experiments with Punishment. European Meeting of Economic Science Association, Nottingham, UK Sep 2006

Asymmetric Enforcement of Cooperation. La Trobe University Nov 2006

Feedback Effects in Public-Good Experiments with Punishment. The University of Melbourne Nov 2006

Punishment and Counter-punishment in Public Good Games. Workshop in Experimental Economics, The University of Melbourne Aug 2006

Norman, Neville, Presidential Address - Australian Conference of Economists. Perth Zoo 26.9.06

Electronic Commerce in China. University of Los Andes Economics Graduate Union Bogota 22.6.06

Credit Ratings using economist approach to strategic risk analysis. City university Hong Kong 15.12.2005

Internationalising Industrial Economics. London School of Economics 20.12.05

The time term in time series econometrics. Birkbeck College London 19.12.05

Integrating oligopoly theory and tariff analysis. London School of Economics 22.12.05

China and India Economic Prognoses. FGV University Sao Paulo Brazil 10.1.06

Economic Forecasts Global Economy for 2006. FGV University Sao Paulo Brazil 10.1.06

Melbourne student market. AusStudy Student Centre Sao Paulo Brazil 11.1.06

Economic Prospects and Risks for the Chinese Economy. Economics, Catholic University, Santiago, Chile 18.1.06

Melbourne Uni promotion and prosects for Latin students. Staff club, Catholic University, Santiago, Chile 18.1.06

Chilean and Australia Universities Compared (Spanish). Rector’s seminary, Catholic University, Valparaiso, Chile 19.1.06

Economic Prospects for China and India. Lecture Hall Catholic University Valparaiso Chile 19.1.06

Economics in Management Courses in Australia. Staff Lecture hall Uni Pacifico Lima 23.1.06

Chinese Economic Prospects. Staff seminar Uni Pacifico Lima Peru 23.1.06

Australian and Peruvian Universities compared. Brazil Club UPL staff Lima Peru 23.1.06

Strategic issues for Postgraduate economic education in Peru. Mirraflores, Lima, Peru 23.1.06

Economics in Strategic Management Education. Staff Seminar Universidad de Lima, Peru 24.1.06

China and Indian Economic Prospects (Spanish/English). Lecture Hall Unio de Lima Peru (250 students attending) 24.1.06

Strategic issues for Latin American postgraduate training. Swissotel Lima Peru 25.1.06

Colombian and Australian universities compared. Bogota Royal Hotel 31.1.06

Measuring International Competitiveness. CCU Division Uni los Andes, Bogota Colombia 1.2.06

China and India Economic Prognoses. Management School Uni los Andes Bogota Colombia 1.2.06

Management Education using economic analysis. Staff Seminar, UNi de los Andes, Bogota Colombia1.2.06

Global Business Prospects - prospectus for masters class in June. Dean’s seminar room with Senior profs ULA Bogota Colombia 1.2.06

Strategic Lessons from China India and Australia. ULA Alumnus meeting, Bogota Royal Bogota 1.2.06

Research co-operation prospects between academics in Melbourne and Sabana. University de la Sabana Bogota Colombia 2.2.06

Economics in Management Education. University de la Sabana Bogota Colombia 2.2.06

Economic prosects for China India and Latin America. University de la Sabana 2.2.06

Post graduate study at UniMelb. Vice-chancellor’s suite Uni de al Sabana Bogota Colombia 2.2.06

Research in economics and management at UniMelb. Staff Conference Centre Uni Externado Bogota Colombia 2.2.03

Strategic lessons from China India and Australia (Spanish/English). Lecture Hall Uni Externado Bogota Colombia 2.2.06

Comparative living costs: Colombia and Australia. Uni Externado Bogota Colombia 2.2.06

Research co-operation prospects Colombia and Melbourne. Uni de los Andes, group with Prof Davilia 3.2.06

Economic Outlook for Australia in 2006. Australian Institute of Management Breakfast 17.2.06

Economics and Management. Management Seminar Room UniMelb 7.4.06

Outlook for the Australian Economy and Car Industry in 2006/7. General Motors Executive Board Room Fishermen’s Bend Melbourne 10.4.06

Tips and traps in presenting Economics Honours Research Reports. Commerce lecture room 3, UniMelb 11.4.06

Business Implications from the 2006 Federal Budget. Adelaide Convention Centre ICAA(SA) 10.5.06

Economic Appraisal of the 2006 Federal Budget. RACV Melbourne - Pitcher Partners 11.5.06

Business and Economic Appraisal of the 2006 Federal Budget Sheraton Perth - ICAA (WA) 12.5.06

Business Strategic Planning. Port Hotel Port Melbourne (Acceptance Finance) 16.5.06

The Budget that should have been. Kurrajong Hotel Canberra (Eco Soc Canberra) 17.5.06

Reflections on South American economies. St Andrew’s Church Brighton 31.5.06

Cost-benefit analysis for business decisions. Uni de los Andes Bogota Colombia 20.6.06

Economic analysis of China for business operations evaluations. Uni de los Andes Bogota Colombia 21.6.06

Evaluation of non-China business conditions in Asia. Uni de los Andes Bogota Colombia 22.6.06

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Economic appraisal of Australia for Latin American businesses. Uni de los Andes Bogota Colombia 23.6.06

Radar-based performance analysis using economics. Uni de los Andes Bogota Colombia 24.6.06

The Carrefour’s success story in Asia. Uni de los Andes Bogota Colombia 27.6.06

Business success and failure on entering Asian markets. Uni de los Andes Bogota Colombia 28.6.06

Tax and regulation trends for business in Asia and the Far East. Uni de los Andes Bogota Colombia 29.6.06

Business requirements for Spanish-speaking firms entering China. President’s Palace, Bogota Colombia 30.6.06

Evaluation Business opportunities in Far East and Australasia. Uni de los Andes Bogota Colombia 30.6.06

Dynamic model of pricing and product change with trade policy changes. New Hall Cambridge England (5th Global Business and Economics Conference) 6.7.06

Export and import pricing trends in UK industry. Seminar room, Economics, Cambridge, England 13.7.06

Economic conditions and risks for business. Parliament House Melbourne 26.7.06

Teaching economics in Latin America. Alan Gilbert Building UniMelb (Faculty International Marketing team) 27.7.06

Economic Forecasting Masterclass. D Old Arts UniMelb 3.8.06

Australia 2016 and what we can do about it. Windsor Hotel Melbourne (Melbourne Rotary-charity function) 9.8.06

Economic Outlook for Australia; Using economics in business performance

Evaluation. Color Pak factory opening Bankstown Sydney NSW 10.8.06

Strategic alternatives for the Economic Society. Executive conference central council ESA Sydney 11.8.06

Economics for Architectural students. Architecture Building UniMelb 5.9.06

Economic Outlook for the economy and car industry. Grand Hyatt Hotel Melbourne 8.9.06

Director Responsibilities and the economic options.

Grad Hyatt Melbourne (AADA convention) 8.9.06

Government Managed Risk (with Bruce Chapman). Hyatt Hotel Canberra 18.9.06

Motorist of the Future_ 2015. Parliament House Canberra (Suzuki function) 18.9.06

Economics for appraising aggressive investment offers. Pier Hotel Port Melbourne 19.9.06

Book launch: Government Managed Risk (Bruce Chapman). Curtin University Perth WA 25.9.06

Pricing options for the Economic Society. Curtin University (ESA central council) 26.9.06

Environment Risk - Lucas Heights - Uni Summit. Alan Gilbert Building 28.9.06

Economics for business decisions (Timbercorp). Churnside Park Golf Club Victoria 3.10.06

Economics for business decisions (Timbercorp). Pagewood Golf Club Sydney 5.10.06

Economics for business decisions (Timbercorp). Hilton Hotel Adelaide 12.10.06

Economics for business decisions (Timbercorp). King’s Park Perth 17.10.06

The Future of Australian Manufacturing. Melbourne Exhibition Centre 18.10.06

Economics for business decisions (Timbercorp). Sofitel Brisbane 19.10.06

Progress in the Economic Society - lecture to AGM Vic Branch ESA. ACCC Conference room Melbourne 24.10.06

Economic analysis of ratios predicting failed companies. Lincoln Indicators Kew 30.10.06

Economic Analysis for Medical Practitioners. Division of General Practice Eastern Suburbs Kew 8.11.06

Strategic Economic Outlook for Queensland Rail. Rendezvous Hotel 14.11.06(am)

Risk analysis for Queensland Rail. Rendezvous Hotel Brisbane 14.11.06(pm)

Global Legal Market. Byron@Byron Byron Bay 16.11.06

Economic analysis and timeshare and other property options. Bright Resort Bright Vic 22.11.06

Australia and Ormond 1966 and 2066 Ormond College UniMelb 30.11.06

Economic Outlook for Australian tourism and conventions. Melbourne Convention Centre 12.12.06

New Issues in Trade Policy using simple economic models. NUS/DEUM seminar Com3 UniMelb 15.12.06

Olekalns, Nilss, Measuring the Effect of Equity Market Shocks on Growth: Good News, Bad News and the Business Cycle. Kirribilli House, Reserve Bank of Australia, Sydney April 2006

Pitt, David, Modelling Income Protection Insurance Using Flowgraphs. Meiji University, Tokyo, Japan 2/8/2006

Shields, Kalvinder, Forecast Evaluation of Output Gaps. Forecasting, Analysis and Policy using Real Time Data Workshop, Melbourne May 2006

Real Time Representations of the Output Gap. Royal Economic Society Conference, Nottingham, UK April 2006

Shields, Michael, The child health / family income gradient: Evidence from England. Deakin University May 2006

Comparing subjective and objective measures of health: Implications for the health/income gradient. University of Melbourne November 2006

Skeels, Chris, Some recent developments for inference in weakly identified structural equations models. Economics, RSSS, ANU 24 Feb 2006

Small concentration asymptotics and instrumental variables inference. The Econometric Society Australasian Meetings, Alice Springs, NT 6 Jul 2006

Smith, Rhonda, Porter’s Five Forces Model. Law Council of Australia, Business Law Section, Canberra 21-23 July 2006

Understanding Merger analysis. Law Council of Australia, Business Law Section, Wollongong 17-19 November 2006

Market Definition with Differentiated Products. Law Council of Australia, Business Law Section, Wollongong 17-19 November 2006

Critical economic issues in competition litigation: why assumptions can be so problematic - some comments. University of South Australia, Barossa Valley October 2006

Uren, Lawrence, Wage Inequality in a Burdett-Mortensen World. Australasian Econometric Society Meetings, Alice Springs 06 Jul 2006

Williams, Jenny, Western Economic Association’s Conference. San Diego, CA USA 2 July

Australian Conference of Economists. Perth WA 26 September

Australian Conference of Health Economists. Perth WA 28 September

CAER Summer Workshop in Health Economics. University of NSW 2 Feb

The Use of Econometrics in Informing Public Policy. Rice University, Houston TX USA 23 April

Microeconometrics Workshop. University of Melbourne 17 Nov

Is the Relationship between Socioeconomic Status and Health Stronger for Older Children in Developing Countries? University of South Australia 9 August

Cannabis prices and dynamics of cannabis use. Monash University 16 August

Cannabis prices and dynamics of cannabis use. University of Queensland 12 September

Wu, Xueyuan, On a discrete time risk model with delayed claims and a constant dividend barrier. The 10th International Congress on IME, Leuven, Belgium 18 July 2006

�0 ��

Department Workshops & Seminar Programs

DEPARTMENT SEMINARSMarch 9 Carol Propper (MIAESR) Is Being in a Good Labour Market Bad for your Health?

March 24 Simon Anderson (Virginia) A Theory of Information Overload.

May 11 Murray Kemp (Macquarie) Price Taking in General Equilibrium.

May 29 Lawrence Christiano (Northwestern & NBER) Assessing Structural VARs.

August 3 Michael Boldrin (Minnesota) Perfectly Competitive Innovation.

August 17 Frank Vella (European University Institute) Estimating Returns to Endogenous Schooling Decisions for Australian Workers via Conditional Second Moments.

August 21 Robert Owen (Nantes) Irreversibility, Sunk Costs, “News” and Evolutionary Economic Methodology.

September 7 Clive Grainger (Nobel Laureate, San Diego) Building Policy Models for Deforestation of the Brazilian Amazon.

October 5 Andrew Jones (Sheffield) Health (shocks) and (early) Retirement.

October 19 Paul Miller (Western Australia & IZA Bonn) Why is the Payoff to Schooling Smaller for Immigrants?

ECONOMIC THEORY CENTREMarch 24 Simon Anderson (Virginia) A Theory of Information Overload.

April 7 Kieron Meagher (UNSW) and Simon Anderson (Virginia) Endogenous Political Parties.

April 12 Regis Renault (Universite de Cergy-Pontoise, THEMA) and Simon Anderson (Virginia) Comparative Advertising.

April 28 Robert Cairns (McGill) Optimal Stopping Under Certainty and Uncertainty.

May 5 Martin Byford (Melbourne) Spatial Competition with Discrete Players.

May 12 Andre de Palma with Moez Kilani (University of Cergy-Pontoise) Regulation in the Automobile Industry.

June 7 Leonidas Enrique de la Rosa (University of California at Berkeley) Overconfidence and Moral Hazard.

27 June - 1 July Economic Design Network Workshop - Topics in Organizational Incentives and Experimental Economics.

July 3 Rabee Tourky (Melbourne) From Imitation Games to Kakutani.

July 13 David Miller (UCSD) The Dynamic Cost of Ex Post Incentive Compatibility in Repeated Games of Private Information.

July 14 Guillaume Roger (USC) Two-sided Duopoly with Costly Differentiation.

July 31 Michael Waldman (Cornell) Optimal Copyright Length and Ex-post Investment: A Mickey Mouse Approach.

August 4 Ali Khan (John Hopkins) On Choice of Techniques in the Robinson-Solow-Srinivasan Model

August 4 Ali Khan (John Hopkins) Optimal Growth in a Two-Sector RSS Model without Discounting: A Geometric Investigation.

August 11 David K. Levine (Washington, St. Louis) A Dual Self Model of Impulse Control.

October 31 Christian Roessler (Melbourne) Can Rivalry Increase Prices?

November 24 Oleksii Birulin (Sydney) On the Efficiency of the English Auction.

December 1 Gregory Poe (ANU) Voluntary-Threat Mechanisms to Reduce Ambient Water Pollution.

December 1 Clemens Puppe (Karlsruhe) Consistent Judgement Aggregation: The Truth-Functional Case.

December 6 Stephen Lippert (Massey) Venture Capitalist and the Innovation Process.

December 7 Martin Byford (Melbourne) A Constrained Coalitional Approach to Price Formation.

December 13 Hulya Eraslan (Penn-Wharton) Corporate Bankruptcy Reorganizations: Estimates from a Bargaining Model.

CENTRE FOR MACROECONOMICSFebruary 28 John Stachurski (Melbourne) Computing the Distributions of Economic Models via Simulation.

March 7 Suren Basov and Svetlana Danilkina (Melbourne) A Theory of Boundedly Rational Addiction.

March 14 Renee Fry (Melbourne) Some Issues in using VARS in Macroeconometric Research.

March 28 Ross Guest (Griffith) Should We Smooth the Fiscal Costs of Population Aging.

May 2 Kirdan Lees (Reserve Bank of New Zealand) Open Economy DSGE-VAR Forecasting and Policy Analysis: Head to Head with the RBNZ.

May 9 Sitthidej Saprungrueng (Melbourne) The Effects of Announcements on the Exchange Rate: The Case of Australian and United States.

May 23 Nilss Olekalns (Melbourne) Measuring the Effect of Equity Market Shocks on Growth: Good News, Bad News and the Business Cycle.

June 15 Chris Edmond (New York) Income Dispersion, Asymmetric Information and Fluctuations in Market Efficiency.

July 18 Edward Balistreri (Colarado School of Mines) Diseconomies of Money and Optimal Inflation.

August 8 Shi Qing Ling (Hong Kong) Self-weighted and Local Quasi-maximum Likelihood Estimators for ARMA-GARCH/IGARCH Models.

September 5 Sir Clive Grainger (Nobel Laureate, San Diego) Should We Build Nonlinear or Time-Varying Parameter Models?

October 3 Derek Ritzmann (Pembroke) A Production Frontier Approach to Economic Growth.

October 10 Nektarios Aslandis (Monash) Leading Indicator Properties of US High-Yield Credit Spreads.

�� ��

CENTRE FOR MICROECONOMETRICSFebruary 9 Professor James Heckman (Nobel Laureate, University of Chicago) The Economics of Human Skills: Evidence and Policy Implications.

March 1 Mick Coelli (Melbourne) Breaking the Cycle? The Effect of Education on Welfare Receipt Among Children of Welfare Recipients.

March 8 Carol Propper (MIAESR) Who Wins and Who Loses from School Accountability? The Distribution of Educational Gain in English Secondary Schools.

March 15 Russell Hillberry (Melbourne) Structural Estimation and the Border Puzzle.

March 29 Umut Oguzoglu (MIAESR) Empirical Likelihood Estimation of Fixed Effects Dynamic Panel Data Models.

April 5 Andrew Leigh (ANU) Estimating Teacher Quality from Panel Data.

April 12 Deborah Cobb-Clark (ANU) The Wealth of Mexican Americans.

May 3 Chris Ryan (ANU) Why are High Ability Individuals from Poor Backgrounds Under-represented at University?

May 10 Carter Hill (Louisiana State University), Viera Chmelarova (Sam Houston State University) Melissa Waters (Southern University) X-files Econometrics: Episode 38, The Hausman Test.

May 17 Lan Dang (Melbourne) International Trade in Education: Implications for Australian Universities’ Cost Structure.

June 7 Harry Paarsch (University of Iowa) Bounding Best-Response Violations in Discriminatory Auctions with Private Values.

June 14 Mushfiq Mobarak (University of Colorado, Boulder) Political Trade Protection in Developing Countries: Firm Level Evidence from Indonesia.

July 26 Chikako Yamauchi (ANU ) Governance and Delivery of Anti-Poverty Program.

August 2 Cheryl Doss (Yale ) Are Household Production Decisions Cooperative? Evidence on Pastoral Migration and Milk Sales from Northern Kenya.

August 9 Liana Jacobi (Melbourne) Bayesian Analysis of Treatment Response Data from Eligibility Trials.

August 17 Frank Vella (Georgetown University) Estimating a Class of Triangular Simultaneous Equations Models Without Exclusion Restrictions.

August 23 Darrell Turkington (University of Western Australia) Iterative Interpretations of Limited and Full Information Maximum Likelihood Estimators.

September 6 Saowaruj Rattanakhamfu (Melbourne) Effects of Agglomeration Economies and Learning by Exporting on Firm Efficiency: The Case of Software Services Industry in India.

September 13 Phillip McCalman (University of California, Santa Cruz) The Impact of Trade Liberalization on Productivity Within and Across Industries: Theory and Evidence.

September 20 David Johnston (Melbourne) The Impact of Private Schooling on Educational Attainment.

October 4 Antony Selvanathan (Griffith University) Recent Developments in the Stochastic Approach to Index Numbers.

October 11 Jan van Ours (Tilburg University) Shortening the Potential Duration of Unemployment Benefits Does Not Affect the Quality of Post-Unemployment Jobs: Evidence from a Natural Experiment.

October 18 Joe Hirschberg and Jenny Lye (Melbourne) Interactions in Regressions.

October 25 Anne Line Bretteville-Jensen (Institute for Alcohol & Drug Research, Norway) Is Cannabis a Gateway to Hard Drugs?

November 1 Vicar Valencia (Melbourne) Corporate Governance and Innovation.

November 8 Ririn Purnamasari (Melbourne) Deforestation in Indonesia: A Household Level Analysis of the Role of Forest Dependence and Economic Wellbeing.

November 17 David Card (University of California, Berkeley) Dean Hyslop (NZ Treasury & Statistics NZ) Ioannis Theodossiou (University of Aberdeen & University of Macedonia) Mike Shields, Jenny Williams and Andrew Clark (Melbourne). One-day Workshop.

November 22 Paul Jensen (MIAESR and Intellectual Property Research Institute of Australia) Innovation, Technological Conditions and New Firm Survival.

November 29 Thor O. Thoresen (Statistics Norway) A Discrete Choice Model for Labor Supply and Child Care.

Conferences & Workshops Organised

Bardsley, Peter, Convener of the ARC Economic Design Network. Co-Chair, ESAM06 - Australasian Meeting of the Econometric Society. Convener, Melbourne Summer School on Organisational Incentives and Experimental Economics. Co-Chair, Melbourne Workshop on Experimental Economics and Policy, August 06 Coelli, Michael, Centre for Microeconometrics One Day Workshop

Erkal, Nisvan, Australasian Meeting of the Econometric Society (Program Committee)

Gangadharan, Lata, Workshop on Experimental Economics, August, 2006, Melbourne. Conference/Seminar: Topics in Organizational Incentives and Experimental Economics, June 2006

Hirschberg, Joe, Conference/Seminar: Quantitative Analysis of Teaching and Learning in Higher Education in Business, Economics and Commerce

Jayasuriya, Sisira, Australia-China FTA conference, China in July 2006, jointly with DFAT and China Development Institute. Conference/Seminar: Agricultural Market reforms in India- jointly with NCAER - Delhi, February 2006. Conference/Seminar: International conference on two years after Asian Tsunami, Jakarta, December 2006, jointly with Indonesian Economics Association, ADBI and ANU

Li, Shunyun, Workshop in Macroeconomics Dynamics (WMD), 2006

Lye, Jenny, Conference/Seminar: The Quantitative Analysis of Teaching and Learning in Higher Education in Business, Economics and Commerce, Feb, 2006.

MacLaren, Donald, Trade Agreement Conference. Conference/Seminar: Melbourne-India Research Workshop. Conference/Seminar: National University of Singapore-University of Melbourne Joint Research Symposium

Olekalns, Nilss, Conference/Seminar: Forecasting, Analysis and Policy using Real Time Data, University of Melbourne, May 2006

Shields, Kalvinder, Conference/Seminar: Forecasting, Analysis and Policy using Real Time Data Workshop, Melbourne, May 2006

Shields, Michael, Conference/Seminar: Australian Health Economics Conference (AHES)

Uren, Lawrence, Conference/Seminar: Monash Department of Economics Seminar

Williams, Jenny, Conference/Seminar: The Use of Econometrics in Informing Public Policy Makers, Workshop held at James A. Baker III Institute for Public Policy at Rice University, April 22-23

�� ��Jarvis, K., Job Vacancies in Australia.

Johnston, D., Low skill workers in Australia.

Kew, H., Symptotic properties of the indirect estimator of a factionally integrated model.

Kusump, S., The effects of China’s accession to the WTO on the Thai economy.

Li, K., Uncertainty of outstanding claims liabilities.

Lim, S., Monetary policy and exchange rate volatility.

McEllin, E., Apply a defined contributive approach to the Australian healthcare system.

Milne-Pott, J., The application of economic pricing principles to access pricing for essential facilities in the Australian context.

Mohamad, N., Industrial organization.

Moslehi, S., Economics of oil producing countries.

Negrara, S., Specifying, estimating and evaluating a DSGE model for Australia.

Perera, R., The effectiveness of monetary policy: The robustness of a VAR

Pham, X., The socially optimal level of education and human capital.

Purnamasari, R., Agricultural economics.

Rattanakhumfu, S., International Economics.

Raymond, P., Allowing for latent variables in life insurance.

Roessler, C., Topics in spatial competition.

Saprungrueng, S., International marketing economics.

Sato, M., Capital budgeting and the best investment strategy for a hypothetical Japanese annuity portfolio under the fair valuation regime.

Srisangnam, P., The effect of regional integration on the Thai economy.

Tang, L., Financial contagion.

Valencia, V., Corporate governance and innovation.

Vu, T., Understanding the growth of sole parent pensions.

Wainscoat, L., Analysing leniency policies for cartels when firms face agency costs.

Wu, S., Efficiency and productivity analysis of Australian banking sector under deregulation.

PHD STUDENTS PASSEDAhmed, A., Financial liberalization and economic development: the case of Sub-Saharan

Chan, S., Real exchange rates and productivity effects: a re-examination of the Balassa-Samuelson hypothesis

Faeth, I., Foreign direct investment in Australia: determinants and consequences

Foley, M., An economic analysis of the publishing industry

Khan, H., Modelling the impact of ageing upon an economy using an overlapping generations model with bequests

PHD THESIS IN PROGRESSAl-Busaidi, S., International economics.

Anukoonwattaka, W., Outsourcing decisions of a multinational: a theoretical model and empirical evidence from Toyota, Southeast Asia.

Bao, Y., A spatio-temporal model for house pricing.

Bashar, O., Monetary policy in Bangladesh.

Beckett, T., Uncertainty of expectations and the making or breaking of inflation-stabilising programs in LDCs.

Bialowas, A., Using Bayesian inference to accommodate parameter uncertainty in the estimation of welfare changes in agricultural commodity markets.

Chen, Y., Candidate stability and its implications for voting games.

Chung, S., A Social learning in a fixed network-theory and simulation.

Dang, L., The effects of international trade in education on Australian universities’ cost structures and objectives.

Duke, C., Experimental economics: Public policy design and implementation.

Evans, A., Survival Models in Investment Risk Management.

Fahmi, M., Regional competitiveness.

Helm, T., Asymmetric price transmission and market power in agricultural supply chains.

Humberstone, R., Interaction between public and private research.

Graduate Students

�� ��

Subject Enrolments2004-2006

First Year 2004 2005 2006

300-101 Introduction to Actuarial Studies

316-101 Introductory Macroeconomics

316-102 Introductory Microeconomics

316-130 Quantitative Methods 1

Second Year

300-203 Financial Mathematics I

300-204 Financial Mathematics II

300-205 Introduction to Actuarial Practice

316-201 Intermediate Macroeconomics

316-202 Intermediate Microeconomics

316-205 Introductory Econometrics

316-206 Quantitative Methods 2 (Sem 1)

316-208 Economics of the Environment

316-210 Competition and Strategy

316-211 Forecasting Methods

316-212 Economics for E-Commerce

316-213 Globalisation and the World Economy

316-214 Australian Economic History

Third Year

300-312 Actuarial Modelling I

300-313 Actuarial Modelling II

300-314 Contingencies

300-315 Actuarial Studies

162 126 116

1676 1841 1622

1904 2007 1870

1403 1552 1412

220 175 95

151 117 75

82 49 17

511 438 465

715 567 461

664 604 756

604 661 557

31 34 -

66 57 103

18 N/A 17

37 17 -

20 100 123

N/A 35 50

N/A 121 94

N/A 121 92

N/A 100 74

110 100 85

300-316 Models for Insurance and Finance

300-330 Survival Models: Theory and Application

300-331 Modelling in Insurance and Finance I

300-332 Modelling in Insurance and Finance II

300-334 Financial Mathematics III

300-341 Actuarial Mathematics I

300-342 Actuarial Mathematics II

316-301 International Trade Policy

316-302 Economic Development

316-303 Industrial Economics

316-306 Money and Banking

316-307 Labour Economics

316-309 Agricultural Economics

316-311 Development of Neoclassical Economics

(Subject title changed in 2004: History of Economic Thought)

316-312 Macroeconomics

316-313 Microeconomics

316-316 Basic Econometrics

316-317 Econometrics

316-318 Applied Microeconometric Modelling

316-324 Environmental Economics

316-325 Ecological Economics

316-326 Economic Analysis and Policy

316-327 Business Applications of Economics

316-328 Marketing Economics

316-329 The Economics of Taxation

316-330 Organisations, Economics & Incentives

316-335 Economics of the Law

316-336 Economic Analysis of E-Commerce

316-337 Behavioural Economics

316-338 Mathematical Economics

316-345 Regional Economics

316-350 Time Series Analysis and Forecasting

316-351 Economics of Financial Markets

Fourth Year

300-400 Actuarial Studies Research Essay

300-406 Risk Theory I

300-407 Risk Theory II

2004 2005 2006

110 93 77

121 N/A N/A

122 N/A N/A

110 N/A N/A

111 114 91

110 N/A N/A

109 N/A N/A

141 138 94

43 47 51

16 44 34

61 41 54

N/A N/A 26

18 24 25

4 12 11

110 152 154

133 162 169

65 99 109

170 254 237

13 18 19

14 15 11

N/A 10 5

22 N/A 30

N/A N/A 15

58 42 N/A

26 19 15

N/A 13 11

34 23 20

6 N/A N/A

33 33 N/A

N/A 26 30

N/A 13 5

37 86 79

38 24 46

12 13 9

30 53 42

30 51 22

�� ��

316-630 International Trade & Policy 1 N/A N/A

316-632 Monetary Theory & Policy 3 N/A N/A

316-633 Issues in Financial Economics (Subject title

changed to: Quantitative Analysis of Finance II) 41 30 41

316-635 Basic Econometrics N/A 8 5

316-636 Econometrics N/A 11 5

316-637 Applied Microeconometric Modelling 5 N/A 4

316-638 Time Series Analysis and Forecasting 2 12 11

316-650 Microeconomics II 2 N/A N/A

316-651 Labour Economics 2 1 3

316-652 Macroeconomics II 4 3 5

316-654 Advanced Econometric Techniques 13 8 9

316-657 Special Topics in Advanced Econometrics N/A 1 N/A

316-658 Advanced Macroeconometrics N/A 2 2

316-659 Microeconometrics 2 3 5

316-660 Microeconomics and Strategy

(Subject title changed to: Managerial Economic) 253 338 421

316-661 Quantitative Methods for Business 146 194 300

316-663 Environmental Economics & Strategy 20 24 22

316-664 Marketing Economics 3 N/A N/A

316-667 Microeconomic Analysis & Policy N/A N/A 2

316-669 International Trade 8 6 2

316-670 Long Run Economic Change 1 N/A N/A

316-671 Advanced Macroeconomic Techniques 6 3 3

316-672 Bayesian Econometrics 2 N/A N/A

316-673 Financial Econometrics 8 17 11

316-674 Game Theory N/A 2 8

316-675 Modelling the Australian Macroeconomy 6 N/A 7

316-676 Development Economics 10 N/A 6

316-677 Financial Economics 2 3 3

316-678 Econometrics Techniques 12 7 11

316-679 Mathematical Economics 1 N/A N/A

316-680 Government & International Business 50 36 23

316-681 Asian Economics 8 15 12

316-682 Public Economics N/A 5 4

316-684 Economic Design N/A 2 N/A

316-685 Economics for Public Policy

PhD Level

316-701 PhD Dept of Economis 23 30 34

316-703 Economics Thesis Workshop 4 1 2

300-408 Advanced Financial Mathematics

300-409 Actuarial Studies Projects

300-410 Actuarial Practice and Control I

300-411 Actuarial Practice and Control II

316-401 Microeconometrics

316-402 Advanced Microeconomics

316-403 Advanced Macroeconomics

316-404 International Trade

316-405 Long-Run Economic Change

316-406 Advanced Macroeconomic Techniques

316-408 Economic Design

316-409 Industrial Organisation

316-410 Macroeconometrics

316-411 Labour Economics

316-425 Ecological Economics

316-449 Financial Econometrics

316-450 Game Theory

316-451 Modelling the Australian Macroeconomy

316-462 Public Economics

316-463 Development Economics

316-466 Monetary Economics

316-467 Microeconomic Analysis & Policy

316-469 Financial Economics

316-470 Econometric Techniques

316-475 Economics Research Essay

316-479 Mathematical Economics

Master Preliminary / Diploma Year

316-802 Macroeconomics for Managers

316-806 Quantitative Analysis of Financial Markets I

(Subject title changed to: Quantitative Analysis of Finance I)

316-807 Economics of Finance

Masters Year

316-611 Microeconomics 31 20 24

316-612 Macroeconomics 29 17 23

316-616 Industrial Economics

(Subject name changed to: Industrial Organisation) 12 5 9

316-621 Economics of Public Sector 6 9 N/A

316-626 Research Report (Subject title changed to:

Research Report - Specialisation in Economics) 42 26 10

25 47 41

19 40 31

41 55 41

38 54 42

2 3 7

38 31 34

39 31 36

7 9 6

8 N/A N/A

2 4 4

N/A 4 3

N/A N/A 10

N/A N/A 1

N/A 2

N/A N/A 1

10 11 14

6 10 10

2 N/A 2

8 10 2

8 N/A 7

N/A 5 N/A

6 6 4

1 3 14

18 18 30

32 26 32

4 N/A N/A

55 58 69

46 55 63

56 55 64

2004 2005 2006 2004 2005 2006

�0 ��THE COMMINSURE PRIZE

N. D. Diep 300-101 Introduction to Actuarial Studies

TILLINGHAST TOWERS PERRIN PRIZE

C.J. Beveridge 300-406 Risk Theory I and 300-407 Risk Theory II

TROWBRIDGE DELOITTE PRIZE

A. Fainshraiber 300-410 Actuarial Practice and Control I and 300-411 Actuarial Practice and Control II

THE INSTITUTE OF ACTUARIES PRIZE

C. J. Beveridge 300-400 Actuarial Studies Research Essay

ACTUARIAL HONOURS PRIZE

C. J. Beveridge

AUSTRALIAN FINANCE CONFERENCE PRIZE

L.R. Krepp 316-351 Economics of Financial Markets

ECONOMIC SOCIETY OF AUSTRALIA PRIZE

J.E. Payne 316-312 Macroeconomics H.J Lin 316-313 Microeconomics

JEAN POLGLAZE MEMORIAL PRIZE

B. M. Tucker 316-318 Applied Microeconometric Modelling

J. Yap 316-350 Time Series Analysis and Forecasting

M. Y. Octavia 316-317 Econometrics

M. D. Chicu 316-475 Economics Research Essay

DESMOND J CLEARY MEMORIAL PRIZE

L.E. Blanckenberg 316-469 Financial Economics

IAN PURVES MACNEIL MEMORIAL EXHIBITION

P.D. Doupe & J. L. Thomson 316-311 History of Economic Thought

KPMG AWARD FOR ENVIRONMENTAL ECONOMICS

R.J. Gill 316-324 Environmental Economics

WYSELASKIE SCHOLARSHIP IN ECONOMICS

B. Tucker 316-301 International Trade Policy 316-312 Macroeconomics 316-313 Microeconomics 316-317 Econometrics

Student Prize Winners

STATE CHAMBER OF COMMERCE EXHIBITION

S.L. Pell, J. S. Choo & X. W. Wang 316-101 Introductory Macroeconomics

H. T. Williams 316-102 Introductory Microeconomics

Q. Fan, E.J. S. Chong & Y. Oon 316-201 Intermediate Macroeconomics

D.J. Clifton & N. Z. Luo 316-303 Industrial Economics

W. Hu, E. Margetson & R. Tabbara 316-205 Introductory Econometrics

M. E. Corban 316-301 International Trade Policy

V. S. Groves 316-302 Economic Development

R. Z. Chew 316-306 Money and Banking

J. Thach 316-329 Economics of Taxation

ECONOMICS HONOURS PRIZE

Best Overall Result

M. D. Chicu

L. R. Krepp

L.R. Krepp 317-470 Econometric Techniques

R. J. Arculus 316-403 Advanced Macroeconomics

R. J. Arculus 316-402 Advanced Microeconomics

�� Department of Economics Annual Report 2006

Department of Economics The University of Melbourne Authorised by: The Department Manager Published by: Department of Economics Date published: August 2007 Copyright: The University of Melbourne

Publication Disclaimer: The University has used its best endeavours to ensure the material contained in this publication was correct at the time of printing. The University gives no warranty and accepts no responsibility for the accuracy or completeness of information and the University reserves the right to make changes without notice at any time in its absolute discretion. Users of this publication are advised to reconcile the accuracy and currency of the information provided with the relevant faculty or department of the University before acting upon or in consideration of the information. Copyright in this publication is owned by the University and no part of it may be reproduced without the permission of the University.

www.economics.unimelb.edu.au