BEX3400 Principles of econometrics
Faculty of Business and Economics
BEX3400 Principles of econometrics is a level 3, 0-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 at Clayton. It has no prerequisites.
- Credit points
- 0
- Offered in 2022
- Semester 2
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2023 entry.
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Requisites
Before BEX3400
Prohibitions
You can't enrol if you have passed any of these.
After BEX3400
No unit lists BEX3400 as a prerequisite in the 2022 handbook.
Enrolment rules
Students must be enrolled in course 0029 or 3194.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit provides a formal treatment of the core principles underlying econometric and statistical analysis, with particular focus given to likelihood-based inference. Topics covered include the likelihood principle and maximum likelihood estimation; minimum variance unbiased estimation; maximum likelihood asymptotic distribution theory; likelihood-based hypothesis testing; and quasi-maximum likelihood inference. The theoretical developments are supplemented by numerical results produced using computer simulation. Consideration is also given to the numerical optimisation techniques used to implement likelihood-based procedures in practice.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
consolidate the core principles underlying econometric and statistical analysis
- 2
understand and implement the technique of maximum likelihood estimation and develop an appreciation of the associated asymptotic distribution theory
- 3
understand and implement likelihood-based hypothesis testing and quasi-maximum likelihood inference
- 4
develop the skills needed to demonstrate and explore theoretical sampling properties using computer simulation.
Workload and teaching
- Tutorials18 hours
- Lectures24 hours
- Teaching approachProblem-based learning
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.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
Contacts
- Chief Examiners
- Professor Gael Martin
Common questions
What are the prerequisites for BEX3400?
BEX3400 has no prerequisites, but enrolment rules apply.
When is BEX3400 offered?
In 2022, BEX3400 runs in Semester 2 at Clayton.
How much work is BEX3400?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BEX3400 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.