ETC3400 Principles of econometrics
Faculty of Business and Economics
ETC3400 Principles of econometrics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 2 at Clayton. It needs ETC2410, ETW2410, MTH2232, ETF2100 or ETS2410 and unlocks 5 units.
- Credit points
- 6
- Offered in 2020
- Semester 2
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ETC3400
After ETC3400
5 units list ETC3400 as a prerequisite or corequisite.
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 2020
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
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
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.
Where it fits
ETC3400 is part of 3 areas of study in the 2020 handbook.
Contacts
- Chief Examiners
- Professor Heather Anderson
Common questions
What are the prerequisites for ETC3400?
You need ETC2410, ETW2410, MTH2232, ETF2100 or ETS2410 before you enrol.
What can I take after ETC3400?
ETC3400 is a prerequisite or corequisite for 5 units, including ETC4400, ETC5410, ETC5420, ETC5440 and ETC5441.
When is ETC3400 offered?
In 2020, ETC3400 runs in Semester 2 at Clayton.
How much work is ETC3400?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC3400 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ETC3400?
ETC3400 is part of Econometrics; Financial and insurance mathematics; and Mathematical statistics.