Undergraduate | TAS-BEA242 | 2024
Introduction to Econometrics
Course information for 2024 intakeView information for 2023 course intake
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).
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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).
- 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. In addition in order to participate in the online workshop and communication with teaching staff you must also have a: • Webcam, microphone, Skype account and software (www.skype.com)
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
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