Introduction to Econometrics
UndergraduateTAS-BEA2422025
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Prior study needed
- Duration
- 14 weeks
- Start dates
- 24 Feb 2025
- Loan available
- HECS-HELP and FEE-HELP available
Introduction to Econometrics
About this subject
Upon completion of this subject, the student should be able to:
- Select, specify and use appropriate data and linear econometric models to inform economic and business decisions.
- Identify and evaluate the causes, consequences and remedies for violations of the classical linear regression model's assumptions.
- Demonstrate knowledge of statistical software as well as interpret and communicate output from statistical software.
- Module 1: The nature of econometrics and economic data
- Module 2: Review of probability and statistics
- Module 3: Regression basics: understanding economic relationships
- Module 4: Introduction to econometric software
- Module 5: Regression basics: testing economic relationships
- Module 6: Policy evaluation using data
- Module 7: Multiple regression analysis: estimation
- Module 8: Multiple-regression analysis: test
- Module 9: Analysing qualitative information
- Module 10: Econometrics for public policy
- Module 11: When regression fails: heteroskedasticity
- Module 12: When regression fails: autocorrelation
The goal of the subject is to develop a thorough understanding of basic econometric methods so that the student can, at the end of this subject:
- Critically evaluate empirical studies in economics and finance which involve use of simple econometric techniques in estimation and inference;
- Develop an appreciation of the likely problems in data and know how to deal with them;
- Obtain a good background for a further study in econometrics and applied economics.
This subject is compulsory in the Bachelor of Economics degree and it is also an excellent complimentary subject in the Finance major. This subject is the prerequisite for TAS-BEA342 Econometrics which itself is the prerequisite for the Honours program in Economics and Finance.
- Applied Assignment (40%)
- Online quizzes x 5 (20%)
- Take Home Exam (40%)
For textbook details check your university's handbook, website or learning management system (LMS).
Wherever you are, the University of Tasmania brings its island campus to you through a growing range of online programs across art and design, business, education, health, science, sustainability, technology, and more. It’s never too late to switch things up. Kickstart that career you’ve been dreaming about, or upskill for the one you’re in. You’ll also become a part of the world's leading university on climate action.
Learn more about UTAS.
Explore UTAS courses.
- QS World University Ranking 2025, within Australia:
- 20
- Times Higher Education World University Ranking 2025, within Australia:
- 19
Entry requirements
Prior study
You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:
Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s).
Additional requirements
- Software requirements - Students must ensure that they have access to the following equipment and software: • Computer with Internet access and Internet Browser compatible to UTAS’s MyLO. • Software capable of estimating multiple regression such as MS Excel, EViews, R is required to complete the assignment and workshop exercises. In addition Word processing software is required to complete the assignment. Students will be instructed how to use EViews and MS Excel in TAS-BEA242 in the workshops to perform econometric analysis
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Business and Bachelor of Economics
UndergraduateTAS-BEC-DEG
UndergraduateTAS-ECO-DEG
Bachelor of Psychological Science and Bachelor of Economics
UndergraduateTAS-PEC-DEG
Single subject FAQs
What’s a single subject?
Single subjects are the individual components that make up a degree. With Open Universities Australia, you’re able to study many of them as stand-alone subjects, including postgraduate single subjects, without having to commit to a degree.
Each of your subjects will be held over the course of a study term, and they’ll usually require 10 to 12 hours of study each week. Subjects are identified by a title and a code, for example, Developmental Psychology, PSY20007.
How can I use single subjects to get into a full degree?
First, find the degree that you would like to study on our website.
If that degree allows entry via undergraduate subjects, there will be information about this under the Entry Requirements section. You will find a list of 2-4 open enrolment subjects you need to successfully complete to qualify for admission into that qualification.
Once you pass those subjects, you will satisfy the academic requirements for the degree, and you can apply for entry.
Our student advisors are here to help you take that next step, so don’t hesitate to reach out when you’re ready! We’ve also made it easier to figure out the right way to get started on our pathways page.
Can anyone help me choose a subject?
Our student advisors are more than happy to help you plan your online study. Get in touch with an advisor by:
How do I pay for my subjects?
You can pay up front with your credit card, or you may be eligible for a HELP loan from the Australian government depending on your citizenship status and where you’ll live during your studies.
For more information about how to pay for your studies visit our fees page or contact a student advisor.
How do I enrol?
When you’ve made your choice, click ‘Enrol now’ on the relevant course page and follow the prompts to begin your enrolment. We’ll ask you to supply some supporting documentation, including proof of your identity, your tax file number, and a unique student identifier (USI) during this process.
Your university will get in touch with you via email to confirm whether or not your application has been successful.
If you get stuck at any time, reach out to us and we’ll talk you through it.
You can also take a look at our online self-service enrolling instructions.
When is the cut-off date for enrolling?
Close of enrolment times vary between universities and subjects. You can check the cut-off dates for upcoming study terms by visiting key dates.