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.
|Unit name||Introduction to Econometrics|
|Faculty/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Economics and Finance|
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International||Domestic Domestic|
- International students
- Domestic students
Please check that your computer meets the minimum System Requirements if you are attending via Distance/Off-Campus.
Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
Special approval is required for enrolment into TNE Program units.
|Study Period||Start date||Census date||WW date||End date|
* 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 (see withdrawal dates explained for more information).
- LO1: Select, specify and use appropriate data and linear econometric models
- LO2: Identify and evaluate the causes, consequences and remedies for violations of the classical linear regression model's assumptions
- LO3: Interpret and communicate output from econometric models
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
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 this page to get an indicative course cost.
1 x 2 hour lecture, 1 x 1 hour workshop per week. Please check the unit outline for details.
Online quizzes (20%), Assignment (20%), Final exam (60%).
|Timetable||View the lecture timetable | View the full unit timetable|
Hill, Griffiths & Lim. Principles of Econometrics (5th Edition), Wiley, 2018. ISBN 978-1-119-32094-4.
Students must ensure that they have access to the following equipment and software:
Students will be instructed how to use EViews and MS Excel in BEA242 in the workshops to perform econometric analysis.
In addition students studying by distance in order to participate in the online workshop and communication with teaching staff must also have a:
|Links||Booktopia textbook finder|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.