ETC3440 - Introductory econometrics

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Overview

This unit introduces you to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues … For more content click the Read More button below.

This unit introduces you to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.

Requisites

Prerequisite

STA1010

6 CP

Statistical methods for science

Business and economic statistics

Introduction to statistical analysis

FIT1006

6 CP

Business information analysis

SCI1020

6 CP

Introduction to statistical reasoning

Prohibition

Rules

Enrolment Rule

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.