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Econometrics (6541.6)

Level: Undergraduate Third Year Level
Credit Points: 3
HECS Bands: 2, 4
Faculty: Faculty of Science and Technology
Discipline: Academic Program Area - Technology

Availability

Unit Outlines

To view your Unit Outline, click View to log in to MyUC and access this information, or visit your unit's online teaching site.

  • Semester 2, 2019, FLEXIBLE, BRUCE (185527) - View
  • Semester 2, 2018, FLEXIBLE, BRUCE (181699) - View
  • Semester 2, 2017, FLEXIBLE, BRUCE (169994) - View
  • Semester 1, 2016, ON-CAMPUS, BRUCE (155012) - View
  • Semester 1, 2015, ON-CAMPUS, BRUCE (145706) - View

If a link to your Unit Outline is not displayed, please check back later. Unit Outlines are generally published by Week One of the relevant teaching period.

Syllabus

This unit deals with econometric models and their application to problems in business, economics, finance and other areas. The emphasis is on the practical issues concerned with specifying, estimating, testing and applying dynamic models using a computer package. Topics may include simple, multiple and time series regression, multicollinearity, heteroskedasticity, serial correlation and spurious correlation.

Learning Outcomes

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

1. Formulate an appropriate dynamic model for data analysis;

2. Estimate the parameters of a dynamic model using a statistical computer package;

3. Test the parameters of a dynamic model using a statistical computer package;

4. Evaluate the validity of a dynamic model;

5. Apply and explain a technique for forecasting a variable of interest; and

6. Produce and interpret the results of analyses.

Assessment Items

Contact Hours

A 2-hour lecture and a 2-hour lab per week.

Prerequisites

5123 Business Statistics OR 1809 Data Analysis in Science OR 6540 Introduction to Statistics

Corequisites

None.

Assumed Knowledge

None.

Incompatible Units

None.

Equivalent Units

None.



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