units

ETC5420

Faculty of Business and Economics

18 September 2017 22 December 2024

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This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Econometrics and Business Statistics

Coordinator(s)

Professor Xueyan Zhao

Offered

Clayton

  • First semester 2016 (Day)

Synopsis

This unit covers specification, estimation and evaluation of a range of statistical models used to analyse (predominantly) micro data in economics, finance and marketing. These include models of discrete data on individual choice behaviour, censored and truncated data and panel data. A hands-on approach is taken, such that the models are illustrated with real-life applications.

Outcomes

The learning goals associated with this unit are to:

  1. know in which situations the linear regression model is not an appropriate way to model the behaviour of interest
  2. apply a range of alternative models in situations when the linear regression model is not appropriate
  3. model data as recorded in either surveys or panels
  4. use appropriate models to predict the probability that an individual will choose a particular: labour market state; mode of transport; consumption level of alcohol; number of cigarettes to smoke per week; and so on.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Professor Xueyan Zhao

Prerequisites

Students must have passed one of the following before undertaking this unit: ETC3400, ETC3410 , ETC5340, ETC5341 or ETF3200.