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|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Associate Professor Satoshi Yamazaki|
|Available as an elective?||Yes|
|Delivered By||University of Tasmania|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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|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 (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- 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.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
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.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
|Assessment||Test or quiz (20%)|Examination - invigilated (centrally) (40%)|Assignment (40%)|
|Timetable||View the lecture timetable | View the full unit timetable|
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.
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|
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