Data Analysis and Econometrics - 2017

Unit summary

ECO30003

  • Level of Study: Undergraduate Level 3
  • Study load: 0.125 EFTSL
  • Delivery method: Print Only
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2017: SP3
  • Assessment: Invigilated Exam - Individual (40-55%) , Presentation - Group (10-15%) - Learn more

Unit provided by

or
2017 Fees
AUD$
Domestic 2,893.00
HECS 1,324.00
International 3,143.00

This unit is designed so that students learn fundamental techniques of data analysis, basic econometric methods and learn to use data to solve real-world problems by estimating relevant parameters (such as elasticities, marginal values etc). Students acquire expertise in applying data analysis and econometric methods, including regression analysis and its extensions, to various types of data. Students also learn how to use econometrics to test theory, analyse economic and business behaviour, and assist in policy formation. The unit is application orientated and practical work is performed using Windows-based statistical software.

Please note: assessment values are indicative only, details will be advised at the start of the unit.

On successful completion of this unit, students will be able to:

  1. Demonstrate an understanding of important econometric methods and interpret estimation results
  2. Analyse the concepts of model specification and diagnostic testing procedure in time series and cross sectional econometrics
  3. Solve problems using econometric computer software and commercial databases
  4. Work in groups to solve econometric problems and clearly communicate their results and interpretations.
  • Invigilated Exam — Individual (40-55%)
  • Presentation — Group (10-15%)
  • Project Report 1 — Group (10-25%)
  • Test — Individual (25-40%)
For more information on invigilated exams see Exams and results

Mandatory prerequisites

You must have successfully completed the following unit(s) before starting this unit:

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

You must also complete 150 credit points (12 OUA units) before undertaking this unit.

  • Broadband access

This unit addresses the following topics.

NumberTopic
1WHAT IS ECONOMETRICS? THE SIMPLE LINEAR REGRESSION MODEL AND AN INTRODUCTION TO EVIEWS
2INTERVAL ESTIMATION AND HYPOTHESIS TESTING
3PREDICTION, GOODNESS OF FIT AND MODELING ISSUES
4THE MULTIPLE REGRESSION MODEL
5FURTHER INFERENCE IN THE MULTIPLE REGRESSION MODEL
6NONLINEAR RELATIONSHIPS
7MID-SEMESTER TEST
8HETEROSKEDASTICITY
9DYNAMIC MODELS, AUTOCORRELATION AND FORECASTING
10NON-STATIONARY TIME SERIES DATA AND COINTEGRATION
11QUALITATIVE AND LIMITED DEPENDENT VARIABLE MODELS
12REVIEW

Each unit offered through OUA provides students with unit information that includes assessment topics and due dates, policy information and contact numbers for university support and academic staff. Study materials will also clearly outline each week's topic, readings, student activities and the format of all assessment.

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the The Co-op website and enter the unit details to search for available textbooks.

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