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
Requisites
Prerequisite
Prohibition
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