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Unit (2020)

Information on this page, including unit offerings, is from the 2020 academic year.

Econometrics (BUS292)

Organisational Unit Business
Credit Points 3
Availability MURDOCH: S2-internal, S2-external
KAPLAN-SGP: TMA-internal
Teaching Timetables Murdoch S2
Description A working knowledge of the subject is essential for those students intending to work as financial analysts, professional economists and business professionals. Econometrics is concerned with the empirical testing of economic and finance theories. This unit adopts a hands-on approach to the subject, combining the theory of econometrics with the use of a computer package that is suitable for the workplace. The unit provides students with a good working knowledge of the subject and the ability to solve practical problems.
Unit Learning Outcomes On successful completion of the unit you should be able to:
ULO1: Evaluate and apply the aims and purpose of econometrics to real world scenarios.
ULO2: Analyse economic theory and contemporary economic policy by applying the main concepts, terminologies and software tools of econometric analysis.
ULO3: Discuss the importance and implications of ethical representations of data and policy advice based on econometric predictions and forecasts.
ULO4: Use regression analysis to research and argue policy issues and outcomes.
ULO5: Communicate an understanding of current econometric practices.
Timetabled Learning Activities Computer laboratories: 2 hours per week.
All offerings of this unit include the equivalent of 30 hours of structured learning.
Unit Learning Experiences The learning and teaching approach informing the assessment and activity selection and design in this unit are student-centred, constructivist, and outcome-based (SOLO), featuring predominantly active learning strategies with tasks that are open-ended, authentic, and scaffolded.
The unit uses blended learning which combines learning online with interactive workshops. Using this combination of online and face-to-face learning provides flexibility for all students to learn anytime (24/7), anywhere (with an Internet connection) at a pace that suits their learning style. In this unit students explore concepts online prior to computer laboratories, through audio, websites, readings and online discussions. Computer laboratories are interactive and use active learning such as; guided instruction (e.g. small group and whole class discussion), simulations, case studies, scenario-based tasks, problem-based tasks, project-based tasks and enquiry-based tasks.
Assessment Assessment in this unit is authentic, real-world and relevant; assessments are constructive, sequential and inter-linked; requiring students to use and engage with progressively higher-order cognitive (skill-based) processes; assessments are aligned with the desired learning outcomes; and, provide challenge, interest and motivation to learn.

Assessment comprises three assessments:
1. Project proposal: 15%
2. Applied Project: 35%
3. Final exam: 50%
Prerequisites BUS161 Introduction to Economics or BUS171 Foundations of Economics;
Exclusions Students who have successfully completed BUS294 Econometrics may not enrol in this unit for credit.
Appears in these Minors Economics
Internet Access RequirementsMurdoch units normally include an online component comprising materials, discussions, lecture recordings and assessment activities. All students, regardless of their location or mode of study, need to have access to and be able to use computing devices with browsing capability and a connection to the Internet via Broadband (Cable, ADSL or Mobile) or Wireless. The Internet connection should be readily available and allow large amounts of data to be streamed or downloaded (approximately 100MB per lecture recording). Students also need to be able to enter into online discussions and submit assignments online.


Unit Coordinator
Dr Anne Garnett
Senior Lecturer in Economics

Murdoch Campus
t: 9360 6056
e: A.Garnett@murdoch.edu.au
o: 512.2.016 - Murdoch Business School, Murdoch Campus
Unit Contacts

Ms Vanessa Grida

Murdoch Campus
t: 9360 2254
e: Vanessa.Grida@murdoch.edu.au
o: 440.3.002 - Social Sciences, Murdoch Campus

MURDOCH: S2-External
MURDOCH: S2-Internal
Dr Anne Garnett
Senior Lecturer in Economics

Murdoch Campus
t: 9360 6056
e: A.Garnett@murdoch.edu.au
o: 512.2.016 - Murdoch Business School, Murdoch Campus
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