Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

Econometrics is a set of research tools employed not only in economics but also in business disciplines. This unit covers the basic tools for estimation in the context of simple and multiple linear regression, the sampling properties of the least squares estimator, statistical inference and hypothesis testing. It also covers regression with dummy variables, model specification issues and estimation problems when least squares assumptions are violated. EViews is used as the software package.

Objectives

The learning goals associated with this unit are to:

1. apply econometric tools to modelling, estimation, inference, and forecasting in the context of real world economic and business problems
2. formulate and test hypotheses about the relationships between variables
3. understand the nature and consequences of violation of the classical assumptions and know how to test for violations
4. apply the skills and knowledge from the unit to real situations in business and economics
5. demonstrate the ability to generate and analyse EViews computer output for business and economic applications.

Assessment

Within semester assessment: 35%
Examination (2 hours): 65%

Chief examiner(s)

George Athanasopoulos

Contact hours

3 hours per week

Prerequisites

Students must have completed ETX1100 or equivalent before undertaking this unit

Prohibitions

ETC2410, ETC3440, ECC2410