Overview

This unit provides you with an understanding of techniques in modern econometrics widely used for answering empirical questions in business and economics. You will learn to apply these methods to real-world problems and data using appropriate statistical software. The topics covered include multiple regression analysis, instrumental variables estimation, modeling discrete … For more content click the Read More button below.

Offerings

S2-01-CAULFIELD-ON-CAMPUS

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

Dr Janjala Chirakijja

Learning outcomes

On successful completion of this unit, you should be able to:
1.

explain applied econometric concepts such as causal effects, endogeneity, selection bias, and simultaneity

2.

understand the techniques in modern econometrics discussed in the unit including multiple regression analysis, instrumental variables estimation, modelling of discrete dependent variables, panel data analysis, and differences-in-differences method

3.

use statistical software to manage data and conduct empirical analysis using the econometric techniques discussed

4.

interpret empirical findings and discuss potential problems and limitations of empirical studies in business and economics.

Teaching approach

Active learning
Problem-based learning

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Seminars
Tutorials
Workshops

Workload requirements

Workload

Learning resources

Technology resources

Other unit costs

Costs are indicative and subject to change.
Electronics, calculators and tools: $100