Courses & Units
Introduction to Econometrics BEA242
Introduction
The goal of the unit is to develop a thorough understanding of basic econometric methods so that the student can, at the end of this unit:Critically evaluate empirical studies in economics and finance which involve use of simple econometric techniques in estimation and inference;Develop an appreciation of the likely problems in data and know how to deal with them;Obtain a good background for a further study in econometrics and applied economics.This unit is compulsory in the Bachelor of Economics degree and it is also an excellent complimentary unit in the Finance major. This unit is the prerequisite for BEA342 Econometrics which itself is the prerequisite for the Honours program in Economics and Finance.
Summary
| Unit name | Introduction to Econometrics |
|---|---|
| Unit code | BEA242 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Economics |
| Coordinator | Associate Professor Satoshi Yamazaki |
| Available as an elective? | Yes |
| Delivered By | University of Tasmania |
| Level | Intermediate |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Online | Semester 1 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Semester 1 | 26/2/2024 | 22/3/2024 | 15/4/2024 | 2/6/2024 |
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Select, specify and use appropriate data and linear econometric models to inform economic and business decisions.
- Identify and evaluate the causes, consequences and remedies for violations of the classical linear regression model's assumptions.
- Demonstrate knowledge of statistical software as well as Interpret and communicate output from statistical software.
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 091903 | $2,040.00 | $1,597.00 | not applicable | $2,596.00 |
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
Requisites
Prerequisites
BEA140Teaching
| Assessment | Online quiz (20%)|Applied Assignment (40%)|Take Home Exam (40%) |
|---|---|
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
You will need the following text [available from the Co-op Bookshop]: The prescribed textbook, available from the Co-op Bookshop or www.coop-bookshop.com.au is: Hill, Griffiths & Lim. Principles of Econometrics (5th Edition), Wiley, 2018. ISBN 978-1-119-32094-4. |
|---|---|
| Recommended | Many students find it useful to consult alternative references as part of their study program. Some useful alternative references are: Stock & Watson, Introduction to Econometrics, 3rd edition, Addison Wesley, 2010 Wooldridge, Introductory Econometrics, 4th edition, South-Western College, 2008 | Links | Booktopia textbook finder |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.