|Year of offer||2019|
|Subject level||Undergraduate Level 2|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
This subject provides an introduction to econometrics, which involves using data and statistical methods to estimate economic relationships, test economic theory, and predict the impact of policy. Topics covered include probability and statistics, single linear regression, multiple linear regression, non-linear regression, model internal and external validity, field and natural experiments, and time series models. Econometric methodology and application will be motivated and illustrated through applications to economics, accounting, finance, marketing, and management.
Intended learning outcomes
- Apply least-squares method of estimation and inference to the context of single and multiple linear regression.
- Use statistical program to estimate econometric models, test hypotheses, and undertake forecasting exercises.
- Understand and explain various problems that arise in the development and interpretation of econometric models including multicollinearity, specification error, heteroskedasticity, autocorrelation, internal validity and external validity.
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
One of the following:
|Code||Name||Teaching period||Credit Points|
|ECON10005||Quantitative Methods 1||
|MAST10010||Data Analysis 1||
|MAST10011||Experimental Design and Data Analysis||
|MAST20006||Probability for Statistics||
Students may not gain credit for both ECOM20001 and
|Code||Name||Teaching period||Credit Points|
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
- A 2-hour end-of-semester examination (70%)
- Assignment 1 (5%) due in week 4: 8 pages A4
- Assignment 2 (5%) due in week 8: 8 pages A4
- Assignment 3 (5%) due in week 12: 8 pages A4
- Preparation work for and attendance of tutorials (5%)
- 11 online quizzes (10%) in weeks 2 through 12
To pass this subject, students must pass the end of semester examination.
Dates & times
- Semester 1
Principal coordinator David Byrne Mode of delivery On Campus — Parkville Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 4 March 2019 to 2 June 2019 Last self-enrol date 15 March 2019 Census date 31 March 2019 Last date to withdraw without fail 10 May 2019 Assessment period ends 28 June 2019
Semester 1 contact information
- Semester 2
Principal coordinator Nicolas Herault Mode of delivery On Campus — Parkville Contact hours Two 1-hour lectures and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 29 July 2019 to 27 October 2019 Last self-enrol date 9 August 2019 Census date 31 August 2019 Last date to withdraw without fail 27 September 2019 Assessment period ends 22 November 2019
Semester 2 contact information
Time commitment details
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
- Breadth options
- 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/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.