ECON30130 Econometrics: Applying Statistics to Economic Data

Academic Year 2020/2021

This course builds on a basic understanding of probability and statistics to introduce the topic of econometrics. Topics covered in the course will include: regression analysis; hypothesis testing; econometric modeling; heteroscedasticty; instrumental variables.

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Curricular information is subject to change

Learning Outcomes:

Upon successful completion of the course, a student will have the ability to perform linear regression; to formally test statistical hypotheses and to evaluate empirical economic research. In addition, he/she will have an appreciation of the strength and weaknesses of econometrics and its use in the evaluation of competing economic theories and alternative policies.

Student Effort Hours: 
Student Effort Type Hours
Lectures

22

Computer Aided Lab

10

Autonomous Student Learning

75

Online Learning

22

Total

129

Approaches to Teaching and Learning:
There are lectures and also computer tutorials in which students learn how to do econometrics in practice. 
Requirements, Exclusions and Recommendations
Learning Requirements:

Students are required to have completed ECON 20040 Statistics for Economists, MIS 10010
Quantitative Analysis for Business, or an equivalent module on Basic Statistics and Probability.

Learning Recommendations:

It is recommended that students have an understanding of the basic Principles of Microeconomics and Principles of Macroeconomics such as ECON 10010 & ECON 10020


Module Requisites and Incompatibles
Incompatibles:
ECON42470 - Econometrics HDip


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Assignment: This assignment will require students to analyse particular datasets using Stata & answer a number of questions based on the results. Students may work in groups of up to three (3) people. Week 7 n/a Graded No

20

Project: Students will write a project analysing one of a given set of datasets. Each student works individually. Coursework (End of Trimester) n/a Graded No

80


Carry forward of passed components
Yes
 
Remediation Type Remediation Timing
Repeat Within Two Trimesters
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Advice will be provided to the class on what made for good and not-so-good projects/assignments with relevant examples.