Econometrics 2 (ECOM30002)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

Availability
Semester 1
Semester 2
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Extensions of the multiple regression model are examined. Topics include causal and statistical interpretations of regression models, instrumental variables, panel data and time series regression models and relevant statistical theory.

Intended learning outcomes

On successful completion of this subject, students should be able to:

  • Explain various problems of interpretation of causal estimates in regression and how the problems may be addressed using instrumental variables;
  • Apply least squares methods to estimation and inference for linear regression models with panel data;
  • Apply least squares to estimation, inference and interpretation for single and multiple equation models for stationary and non-stationary time series data;
  • Derive, simulate and interpret statistical properties of least squares estimators in these settings; and
  • Formulate hypotheses about economic phenomena, collect real-world data, apply econometric methods to test hypotheses, and draw evidenced-based conclusions or implications for economic theory and/or public policy.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

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

Last updated: 20 March 2025

Eligibility and requirements

Prerequisites

Students must meet one of the following prerequisite options:

Option 1

One of

Code Name Teaching period Credit Points
ECON20001 Intermediate Macroeconomics
Semester 2 (On Campus - Parkville)
 12.5
ECON20002 Intermediate Microeconomics
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5
FNCE10002 Principles of Finance
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
 12.5

FNCE20001 Business Finance

AND

One of

Code Name Teaching period Credit Points
ECOM20001 Econometrics 1
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5
ECOM30001 Basic Econometrics
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5
MAST20005 Statistics
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
 12.5

Option 2

One of

Code Name Teaching period Credit Points
ECON20001 Intermediate Macroeconomics
Semester 2 (On Campus - Parkville)
 12.5
ECON20002 Intermediate Microeconomics
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5
FNCE10002 Principles of Finance
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
 12.5

FNCE20001 Business Finance

AND

Code Name Teaching period Credit Points
ECON20003 Quantitative Methods 2
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5

With a result of at least H2A

Option 3

Admission into the GD-ECO Graduate Diploma in Economics

OR

Admission into the MC-ECO Master of Economics

Corequisites

None

Non-allowed subjects

None

Inherent requirements (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

Last updated: 20 March 2025

Assessment

DescriptionTimingPercentage

Capstone project proposal

  • 200 words
Week 45%

Test

  • 45 minutes
Week 610%

Capstone project Progress Report

  • 500 words
Week 810%

Capstone Project Submission

  • 1700 words
Week 1225%

End of semester exam

  • 2 hours
Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam		During the examination period50%

Last updated: 20 March 2025

Dates & times

  • Semester 1
    Principal coordinatorLiana Jacobi
    Mode of deliveryOn Campus (Parkville)
    Contact hoursTwo 1-hour lectures and one 1-hour tutorial/practice class per week
    Total time commitment170 hours
    Teaching period 3 March 2025 to 1 June 2025
    Last self-enrol date14 March 2025
    Census date31 March 2025
    Last date to withdraw without fail 9 May 2025
    Assessment period ends27 June 2025

    Semester 1 contact information

    Liana Jacobi: ljacobi@unimelb.edu.au 

  • Semester 2
    Principal coordinatorKevin Staub
    Mode of deliveryOn Campus (Parkville)
    Contact hoursTwo 1-hour lectures and one 1-hour tutorial/practice class per week
    Total time commitment170 hours
    Teaching period28 July 2025 to 26 October 2025
    Last self-enrol date 8 August 2025
    Census date 1 September 2025
    Last date to withdraw without fail26 September 2025
    Assessment period ends21 November 2025

    Semester 2 contact information

    Kevin Staub: kevin.staub@unimelb.edu.au

     

     

     
     

Time commitment details

Estimated total time commitment of at least 170 hours.

What do these dates mean

Visit this webpage to find out about these key dates, including how they impact on:

  • Your tuition fees, academic transcript and statements.
  • And for Commonwealth Supported students, your:
       -  Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
     

    Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.

Last updated: 20 March 2025

Further information

Last updated: 20 March 2025