6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Department of Econometrics and Business Statistics
- Second semester 2018 (On-campus)
ETS2000 or equivalent.
The main aim of this unit is to provide a solid introductory background in probability theory to students wishing to pursue a career as an econometrician, but also to those who wants to do further studies in economics at post-graduate level.
The learning goals associated with this unit are to understand the concepts of:
- axiomatic probability theory (conditional probabilities)
- random variables (standard univariate discrete/continuous distributions)
- expected values and moments (moment generating functions)
- jointly distributed variates and Multivariate probability distributions
- distributions of functions of random variables
- sampling distributions
- estimation theory
Within semester assessment: 40% + Examination: 60%
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