Courses & Units

Econometrics BEA342

Hobart

Introduction

BEA342 Econometrics provides the techniques required to quantify the magnitude, strength and form of relationships between variables, and the strategies that need to be employed to use these techniques effectively. More specifically, it examines the theory and use of the Classical Linear Regression Model (CLRM) and intermediate level econometric models, such as IV, Logit, Panel, ARIMA and Non-linear models.

The unit provides students with the econometric theories to be able to obtain answers from data using the latest econometrics software. The unit teaches econometric techniques to re-examine the CLRM learnt in BEA242 Introduction to Econometrics. The unit demonstrates how to test violations of its assumptions, their consequences and how to remedy them. It then provides students with the knowledge of how to use a range of econometric models for the analysis of cross-section and time-series data, and the ability to obtain answers to research policy questions in economics and finance.

A working knowledge of the unit is essential for those students intending to work as professional economists, financial analysts and business analysts. BEA342 is an advanced unit, and is both theoretical and applied in nature. Consequently, an empirical project where the student needs to demonstrate competence in carrying out a piece of applied econometric work will constitute 60% of the overall assessment of the unit.

Summary

Unit name Econometrics
Unit code BEA342
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance
Coordinator

Dr Vladimir Volkov

Level Advanced
Available as student elective? Yes
Breadth Unit? No

Availability

Location Study period Attendance options Available to
Hobart Semester 2 On-Campus Off-Campus International International Domestic 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 2 13/7/2020 10/8/2020 31/8/2020 18/10/2020

* 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.

About Census Dates

Learning Outcomes

LO1LO 1.1 Collect data appropriate to answer a research question or test a theory, relationship or hypothesis. Transform it into an appropriate form for econometric analysis.
LO2L01.2 Specify econometric models appropriate to answer a research question or test a theory, relationship or hypothesis given the data available.
LO3LO 1.3 Justify the choice of variables and econometric model used to answer a research question or test a theory, relationship or hypothesis
LO42.0 Identify and evaluate the causes, consequences and remedies for violations of advanced linear and nonlinear regression model assumptions
LO5LO 2.1 Demonstrate an understanding remedies for violations of advanced linear and nonlinear regression models, their model assumptions and limitations.
LO6LO 2.2 Identify and evaluate the causes, consequences and remedies for violations of advanced linear and nonlinear regression model assumptions
LO7LO3.1 Interpret the meaning of estimated and communicate advanced linear and nonlinear econometric models and econometric tests.results
LO83.0 Interpret and communicate advanced linear and nonlinear econometric models and results
LO9LO3.2 Make statistical inferences from advanced linear and nonlinear econometric results.
LO10LO3.3 Critically evaluate econometric models, results and inferences, informed by current economic literature.
LO11LO3.4 Formulate economic and financial policy from econometric results.

Fees

Domestic

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.

Requisites

Prerequisites

BEA242.

Co-requisites

N/A

Mutual Exclusions

You cannot enrol in this unit as well as the following:

N/A

Teaching

Teaching Pattern

Please see the unit outline for details.

Assessment

Assignment Project Part A (20%), Assignment Project Part B (20%), Assignment Project Part C (20%), Final Exam (40%).

TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

Please see the unit outline for details.

Booktopia textbook links

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