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Econometrics (11227.1)

Level: Intermediate Unit Level
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

Unit Outlines

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  • Semester 2, 2019, ON-CAMPUS, BRUCE (189959) - View

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Syllabus

This unit deals with econometric models and their application to problems in economics, finance and business. The unit builds on basic statistics concepts covered in an introductory statistics course. The focus is mainly on practical issues concerned with specifying, estimating and testing econometric models using a computer package. Topics covered in the unit include linear regression (with one and multiple regressors), hypothesis testing, regression with panel data, regression with binary dependent variable and time series regression and forecasting.

Learning Outcomes

After successful completion of this unit, students will be able to:

1. Use econometric models and methods to analyse and interpret real data in finance and economics;

2. Manipulate econometric software to conduct empirical econometric analysis focused on solving a range of real world problems in finance and economics;

3. Identify the limitations of commonly used econometric models; and

4. Incorporate the outputs of various statistical and econometric models in reports to stakeholders, in ways that assist them to make decisions.

Assessment Items

Contact Hours

One 2 hour lecture and one 1 hour tutorial on-campus per week.

Prerequisites

11165 Quantitative Methods in Commerce

Corequisites

None.

Assumed Knowledge

Students should have knowledge of basic statistics contained in the pre-requisite unit 'Quantitative Methods in Commerce'.

Incompatible Units

None.

Equivalent Units

6541 Econometrics



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