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ECON271 Introductory Econometrics

Updated: 27 October 2011
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study
Armidale Trimester 1 Off Campus
Armidale Trimester 1 On Campus
Intensive School(s) None
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites QM161 or QM162 or QM262
Co-requisites None
Restrictions ECON371 or EMET260 or EMET360
Notes None
Combined Units ECON371 - Introductory Econometrics
Coordinator(s) Nam Hoang (nam.hoang@une.edu.au)
Unit Description

An applied unit dealing with the main single equation econometric methods and models used in marketing, economics and commerce. Topics covered include: the multiple linear regression model (with an introduction to the problems of heteroskedasticity, autocorrelation and multicollinearity), limited and qualitative dependent variable models (including the logit and probit models), and models for pooling time-series and cross-sectional data (including dummy variable models). Real-world examples are used to illustrate particular techniques. Problems and exercises are solved using the econometrics software package EViews. This unit comprises up to 39 lecture hours and up to 13 lab/workshop hours and there is a combination of lectures, workshops and practicals.
Prescribed Material
Mandatory 		Shrink Wrapped Package(s):

Note: Students are expected to purchase prescribed material

Principles of Econometrics 4E and Eviews Handbook
ISBN: 9780730301837
Carter Hill, R., John Wiley 4th ed. 2011
Text refers to: Trimester 1 , On and Off Campus
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Title Exam Length Weight Mode No. Words
Assignment 1 15% Off Campus
Assessment Notes
Quantitative problems.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1- 5 GA: 1, 4, 6, 7
Assignment 1 10% On Campus
Assessment Notes
Quantitative problems.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 4, 6, 7
Assignment 2 15% Off Campus
Assessment Notes
Quantitative Problems.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 4, 6, 7
Assignment 3 10% On Campus
Assessment Notes
Quantitative problems.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 4, 6, 7
Assignment 3 15% Off Campus
Assessment Notes
Quantitative Problems.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1- 5 GA: 1, 4, 6, 7
Unit Test 1 hrs 20% On Campus
Assessment Notes
In Class Test
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-5 GA: 1, 4, 6, 7
Final Examination 2 hrs 60% On Campus
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1- 5 GA: 1, 4, 6, 7
Final Examination 2 hrs 55% Off Campus
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1- 5 GA: 1, 4, 6, 7

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. demonstrate an understanding of the main econometric models used for analysing relationships between economic and business variables;
  2. demonstrate an understanding of the types of economic and business contexts in which each of these models can be applied;
  3. demonstrate an understanding of the role of computers in the estimation of econometric models; and
  4. demonstrate an understanding of the limitations and potential uses of econometrics in analysing real-world data.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
Students will learn this graduate attribute through lectures, readings, practice exercises, assignments, tutorials and the exam. 		True True True
2 Communication Skills
Students will read and write in this unit, and interact with the lecturer and fellow students during their study. 		True True
3 Global Perspectives
The real-world economic data will be used in this unit. It will help students to understand the economic issues in a global context. 		True True
4 Information Literacy
Students are taught to build econometric models and analyse the results. These are assessed in assignments and exams and practised in exercises and tutorial sessions. 		True True True
5 Life-Long Learning
Students learn skills through the unit which help them to solve problems in their future career. 		True True
6 Problem Solving
This will be taught, practised and assessed through lectures, tutorial sessions, exercises, assignments and the exam. 		True True True
7 Social Responsibility
Ethical applications of econometric methods are taught and assessed through assignments and the exam. 		True True
8 Team Work
Students will practise team work during their tutorials and online discussion. 		True
   

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