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Introductory Econometrics (ECOM20001)

Undergraduate level 2Points: 12.5Campus: Parkville

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Year of offer2017
Subject levelUndergraduate Level 2
Subject codeECOM20001
Mode of delivery
On Campus — Parkville
Semester 1
Semester 2
FeesSubject 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.

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.

Last updated: 30 March 2017