ETC3410 Applied econometrics
Faculty of Business and Economics
ETC3410 Applied econometrics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Clayton and Caulfield. It needs ETS2410, ETW2410, ETC2410 or ETF2100 and unlocks 3 units.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Clayton, Caulfield
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ETC3410
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ETC3410
3 units list ETC3410 as a prerequisite or corequisite.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| First semester (Fully flex) | Caulfield | Flexible |
Learning outcomes
When you finish this unit, you should be able to:
- 1
conduct statistical inference in statistical models with a binary dependent variable
- 2
conduct statistical inference in statistical models with one or more endogenous explanatory variables
- 3
conduct statistical inference in a system of simultaneous equations
- 4
conduct statistical inference on data that has both a time series and a cross section dimension.
Workload and teaching
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
ETC3410 is part of 1 area of study in the 2020 handbook.
Contacts
- Chief Examiners
- Dr Bonsoo Koo
Common questions
What are the prerequisites for ETC3410?
You need ETS2410, ETW2410, ETC2410 or ETF2100 before you enrol.
What can I take after ETC3410?
ETC3410 is a prerequisite or corequisite for 3 units, including ETC5420, ETC5441 and ETF5200.
When is ETC3410 offered?
In 2020, ETC3410 runs in Semester 1 at Clayton and Caulfield.
How much work is ETC3410?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Which majors and minors include ETC3410?
ETC3410 is part of Econometrics.