Hobart
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 2021
| Unit name | Introduction to Econometrics |
|---|---|
| Unit code | BEA242 |
| Credit points | 12.5 |
| Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Economics |
| Coordinator | |
| Teaching staff | |
| Level | Intermediate |
| Available as student elective? | Yes |
| Breadth Unit? | No |
Availability
Note
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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.
Special approval is required for enrolment into TNE Program units.
TNE Program units special approval requirements.
* 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).
Learning Outcomes
- 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
Fees
Requisites
Prerequisites
BEA140
Teaching
| Teaching Pattern | 1 x 2 hour lecture, 1 x 1 hour workshop per week. Please check the unit outline for details. |
|---|---|
| Assessment | Online quizzes (20%), Assignment (20%), Final exam (60%). |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Hill, Griffiths & Lim. Principles of Econometrics (5th Edition), Wiley, 2018. ISBN 978-1-119-32094-4. |
|---|---|
| Recommended | 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:
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