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Basic Econometrics (ECOM90001)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
Semester 1
Overview
Availability | Semester 1 |
---|---|
Fees | Look up fees |
This subject examines multiple regression analysis and its use in economics, management, finance, accounting, and marketing. Topics will include the properties of estimators, hypothesis testing, specification error, multicollinearity, dummy variables, heteroskedasticity, serial correlation, panel data, and methods for discrete dependent variables. These methods are consolidated through a research project which involves formulating hypotheses, real-world data collection, and writing-up the results in a formal report.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Apply the classical model of ordinary least squares to data sets drawn from economics, finance, accounting and management using single and multiple regression equations;
- Test hypotheses concerning the relationship between variables;
- Explain in detail the consequences of the violation of any one of the classical assumptions;
- Test for violations of the classical assumptions;
- Estimate models in the presence of non-classical errors and stochastic explanatory variables;
- Diagnose model misspecification using the most appropriate tests, and where appropriate identify the appropriate remedial actions;
- Use computer software to perform simple data descriptions and to graph relationships between variables, to estimate econometric models using OLS and Instrumental Variables, and to estimate simple dynamic models;
- Apply econometric methods to real world data and perform diagnostic testing to ensure the model is adequately specified.
- 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:
- Evaluation of ideas, views and evidence
- Synthesis of ideas, views and evidence
- Critical thinking
- Application of theory to economic policy and business decision making
- Accessing economic and other information
- Summary and interpretation of information
- Using computer programs
- Statistical reasoning
- Problem solving skills
- Collaborative learning and teamwork
- Written communication
- Oral communication
Last updated: 31 January 2024
Eligibility and requirements
Prerequisites
Admission into one of:
- MC-AEMTRCS Master of Applied Econometrics
- MC-AECOENH Master of Applied Econometrics (Enhanced)
- MC-COMDRFS Master of Commerce (Decision, Risk and Financial Sciences)
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECOM30001 | Basic Econometrics | Semester 1 (On Campus - Parkville) |
12.5 |
ECOM20001 | Econometrics 1 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
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: 31 January 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Research Proposal Report
| Week 4 | 5% |
Mid-semester test
| Week 7 | 10% |
Research Progress Report
| Week 8 | 10% |
Research Submission Report
| Week 12 | 25% |
End of semester examination
| End of semester | 50% |
Additional details
To pass this subject students must pass the end of semester examination.
Last updated: 31 January 2024
Dates & times
- Semester 1
Principal coordinator Andrew Clarke Mode of delivery On Campus (Parkville) Contact hours Two 1-hour lectures and a 1-hour tutorial/seminar per week Total time commitment 170 hours Teaching period 26 February 2024 to 26 May 2024 Last self-enrol date 8 March 2024 Census date 3 April 2024 Last date to withdraw without fail 3 May 2024 Assessment period ends 21 June 2024 Semester 1 contact information
Time commitment details
Estimated total time commitment of 170 hours per semester
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: 31 January 2024
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Subject notes
Students may not gain credit for both ECOM90001 Basic Econometrics and either ECOM30001 Basic Econometrics or ECOM20001 Introductory Econometrics.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Commerce (Decision, Risk and Financial Sciences) Course Master of Applied Econometrics - 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: 31 January 2024