Overview
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Academic contacts
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Requisites
Prerequisite
Exclusion
Enrolment rules
Students who have successfully completed BUS294 Econometrics may not enrol in this unit for credit.
BUS161 Introduction to Economics or BUS171 Foundations of Economics
Other learning activities
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Learning activities
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Learning outcomes
1.
Evaluate and apply the aims and purpose of econometrics to real world scenarios.
2.
Analyse economic theory and contemporary economic policy by applying the main concepts, terminologies and software tools of econometric analysis.
3.
Discuss the importance and implications of ethical representations of data and policy advice based on econometric predictions and forecasts.
4.
Use regression analysis to research and argue policy issues and outcomes.
5.
Communicate an understanding of current econometric practices.
Assessments
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Additional information
Unit content:
- The Nature and Scope of Econometrics
- Ordinary Least Squares and the Properties of OLS Estimators
- Multiple Regression
- Probability Distribution and Hypothesis Testing
- Functional Form
- Ethics in Statistics
- Heteroscedasticity
- Autocorrelation
- Forecasting and Stability
- 10. Dummy Variables