Econometrics (9540.1)
Level: | Level 2 - Undergraduate Intermediate Unit |
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Credit Points: | 3 |
HECS Bands: | Band 3 2013-2020 (Expires 31 Dec 2020) Band 4 2021 (Commenced After 1 Jan 2021) Band 5 2021 (Commenced Before 1 Jan 2021) |
Faculty: | Faculty of Business, Government & Law |
Discipline: | Canberra School of Politics, Economics and Society |
CLOSED FOR FUTURE ENROLMENT.
Availability
Syllabus
This unit will provide students with a simple and straightforward introduction to econometrics. Econometrics is an application of statistical procedures to the testing of hypotheses about economic relationships and to the estimation of parameters. Regression analysis is the primary procedure commonly used by researchers and managers whether they are employed within the goods or the resources market and/or within agriculture, the manufacturing, the services, or the information sectors of an economy.
Learning Outcomes
Upon successful completion of this unit, students will be able to:
1. Construct, test, and analyse econometric models, using variables and relationships commonly found in studies of economic theory;
2. Collect, organise, and analyse economic data, and interpret results from statistical analyses;
3. Identify the desirable properties of estimators;
4. Identify key classical assumptions in the field of econometrics, explain their significance, and describe the effects that violations of the classical assumptions can have;
5. Use the least squares method in evaluating the relationship of one explanatory variable to the dependent variable and the relationships of multiple explanatory variable to the dependent variable; and
6. Interpret key statistics and diagnostics typically generated by software.
Contact Hours
150 learning hours in online self-paced mode.
Prerequisites
9518 Foundations of Microeconomics OR 6355 Introduction to Economics
Corequisites
None.
Assumed Knowledge
NONE
Incompatible Units
NONE.
Equivalent Units
NO.
Referenced Courses
- 182JA Bachelor of Accounting
- 943AA Bachelor of Applied Economics
- 945AA Bachelor of Applied Economics/Bachelor of Commerce
- 944AA Bachelor of Applied Economics/Bachelor of Laws
- 946AA Bachelor of Applied Economics/Bachelor of Management
- 183JA Bachelor of Australian Politics and Public Policy
- 761AA Bachelor of Business Administration
- 762AA Bachelor of Commerce
- 286JA Bachelor of Economic Studies (online)
- 208JA Bachelor of Entrepreneurship and Innovation
- 279JA Bachelor of Event and Tourism Management
- 184JA Bachelor of Finance
- 185JA Bachelor of Human Resource Management
- 186JA Bachelor of International Business
- 248JA Bachelor of Justice Studies
- 394AA Bachelor of Management
- 187JA Bachelor of Marketing Management
- 124JA Bachelor of Politics and International Relations
- 145JA Bachelor of Politics and International Relations/Bachelor of Applied Economics
- 210JA Bachelor of Public Administration
- 188JA Bachelor of Social Science