UnitLevel 3Undergraduate

ETC3440 Introductory econometrics

Faculty of Business and Economics

ETC3440 Introductory econometrics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2022. It needs ETB1100, FIT1006, ETC1000, SCI1020, ETF1100, STA1010, ETW1001 or ETX1100 and unlocks 23 units, leading on to 36 units in all.

Credit points: 6
Offered in 2022: Not offered
Workload: 144 hours; per semester

This is the 2022 handbook entry. See the 2025 entry.

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Requisites

Before ETC3440

Prerequisites

Pass these before you enrol.

One of

Prohibitions

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One of

After ETC3440

23 units list ETC3440 as a prerequisite or corequisite.

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Enrolment rules

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.

Equivalent units

The same content under another code. Only one of them counts.

Overview

This unit introduces you to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.

Offerings in 2022

The 2022 handbook lists no offerings for ETC3440.

Learning outcomes

When you finish this unit, you should be able to:

1
understand and derive the properties of ordinary least squares in summation and matrix notation
2
interpret, evaluate and apply inferential methods to multiple linear regression
3
understand the use and implications of data scaling, functional form and dummy variables in regression modelling
4
identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
5
understand issues related to modelling with time-series data.

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.

Common questions

What are the prerequisites for ETC3440?

You need ETB1100, FIT1006, ETC1000, SCI1020, ETF1100, STA1010, ETW1001 or ETX1100 before you enrol. Enrolment rules also apply.

What can I take after ETC3440?

ETC3440 is a prerequisite or corequisite for 23 units, including ETC3400, ETC3410, ETC3450, ETC3460, ETC3550 and ETC3580. Those lead on to 36 units in all.

When is ETC3440 offered?

ETC3440 has no offerings listed in the 2022 handbook.

How much work is ETC3440?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

More details

Credit points: 6
Level: 3
Study level: Undergraduate
Faculty: Faculty of Business and Economics
Organisational unit: Department of Econometrics and Business Statistics

Type: Coursework
EFTSL: 0.125
Student contribution: SCA Band 4
Study abroad: Not available
Handbook years: 2020 202120222023 2024 2025