1. Handbook
  2. Subjects
  3. Econometrics 1
  4. Print

Econometrics 1 (ECOM20001)

Undergraduate level 2Points: 12.5On Campus (Parkville)

You’re viewing the 2019 Handbook:
Or view archived Handbooks

Overview

Year of offer2019
Subject levelUndergraduate Level 2
Subject codeECOM20001
Campus
Parkville
Availability
Semester 1
Semester 2
FeesSubject 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.

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
MAST20004 Probability
Semester 1
Semester 2
12.5
MAST20006 Probability for Statistics
Semester 1
12.5

Corequisites

None

Non-allowed subjects

Students may not gain credit for both ECOM20001 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 (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 coordinatorDavid Byrne
    Mode of deliveryOn Campus — Parkville
    Contact hoursTwo 1-hour lectures and a 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period 4 March 2019 to 2 June 2019
    Last self-enrol date15 March 2019
    Census date31 March 2019
    Last date to withdraw without fail10 May 2019
    Assessment period ends28 June 2019

    Semester 1 contact information

  • Semester 2
    Principal coordinatorNicolas Herault
    Mode of deliveryOn Campus — Parkville
    Contact hoursTwo 1-hour lectures and a 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period29 July 2019 to 27 October 2019
    Last self-enrol date 9 August 2019
    Census date31 August 2019
    Last date to withdraw without fail27 September 2019
    Assessment period ends22 November 2019

    Semester 2 contact information

Time commitment details

170 hours

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • 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.

Last updated: 14 February 2019