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Econometrics 1 (ECOM20001)

Undergraduate level 2Points: 12.5On Campus (Parkville)

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Overview

Year of offer2018
Subject levelUndergraduate Level 2
Subject codeECOM20001
Campus
Parkville
Availability
Semester 1
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

Topics include review of statistics; F and chi-squared 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.

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.

Last updated: 22 February 2018