# Introductory Econometrics (ECOM20001)

Undergraduate level 2Points: 12.5On Campus (Parkville)

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## Overview

Year of offer 2017 Undergraduate Level 2 ECOM20001 Parkville Semester 1Semester 2 Subject EFTSL, Level, Discipline & Census Date

Topics include review of statistics; F and X 2 distributions; review of simple linear regression model; multiple linear regression model; hypothesis testing, forecasting, diagnostics with regression models (including heteroskedasticity, serial correlation and model specification). Examples drawn from economics, finance, accounting, marketing and management will be illustrated using EVIEWs.

## Intended learning outcomes

• Apply the least-squares method of estimation to the context of the simple linear regression model.
• Apply the principles of the least-squares method of estimation and inference to the multiple linear regression model.
• Apply EViews to estimate, test hypotheses and forecast in the context of the linear regression model.
• Explain various problems that arise from applying the linear regression model to data, including multicollinearity, specification errors, heteroskedasticity, nonstationarity and autocorrelation.

## Generic skills

• High level of development: written communication; collaborative learning; problem solving; team work; statistical reasoning; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; use of computer software.

• Moderate level of development: oral communication; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.

## Eligibility and requirements

### Prerequisites

One of the following:

Code Name Teaching period Credit Points
ECON10005 Quantitative Methods 1
Semester 1
Semester 2
12.5
MAST10010 Data Analysis 1
Semester 2
12.5
MAST10011 Experimental Design and Data Analysis
Semester 1
Semester 2
12.5

None

### Non-allowed subjects

Students may not gain credit for both

Code Name Teaching period Credit Points
ECOM20001 Introductory Econometrics
Semester 1
Semester 2
12.5
and
Code Name Teaching period Credit Points
ECOM30001 Basic Econometrics
Semester 1
12.5
.

### Recommended background knowledge

Please refer to Prerequisites and Corequisites.

### Core participation requirements

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

## Assessment

### Description

• A 2-hour end-of-semester examination (65% or 75%)
• An optional mid-semester multiple choice test in week 5 (0% or 10%)
• Assignment 1 (10%) due week 8: 10 pages A4
• Assignment 2 (10%) due week 12: 10 pages A4
• Tutorial attendance and participation (5%)
• The final mark will be calculated by weighting the end-of-semester exam at 65% and the mid-semester test at 10% OR by weighting the end-of-semester exam at 75% and the mid-semester test at 0%, whichever gives the higher mark.
• To pass this subject students must pass the end of semester examination.

## Dates & times

• Semester 1
Principal coordinator Joe Hirschberg On Campus — Parkville Two 1-hour lectures and a 1-hour tutorial per week 170 hours 27 February 2017 to 28 May 2017 10 March 2017 31 March 2017 5 May 2017 23 June 2017

### Semester 1 contact information

• Semester 2
Principal coordinator Jenny Lye On Campus — Parkville Two 1-hour lectures and a 1-hour tutorial per week 170 hours 24 July 2017 to 22 October 2017 4 August 2017 31 August 2017 22 September 2017 17 November 2017

170 hours

## Further information

• Texts

### Prescribed texts

This subject is available as breadth in the following courses:

• Available through the Community Access Program

### About the Community Access Program (CAP)

This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.

Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

• Available to Study Abroad and Exchange students

This subject is available to students studying at the University from overseas institutions on exchange and study abroad.

Last updated: 12 December 2018