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 all majors in the Bachelor of Economics degree and in combined Economics degrees and it is also a compulsory 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
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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.
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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 (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2019.
- 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
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|3||2020: $1,394.00||2020: $2,354.00||091903|
Fees for next year will be published in October. The fees above only apply for the year shown.
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:
Booktopia textbook links
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.