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UnitLevel 3Undergraduate

ETC3440 Introductory econometrics

Faculty of Business and Economics

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ETC3440 Introductory econometrics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2024. It needs ETC1000, SCI1020, ETF1100, STA1010, ETW1001, ETX1100, ETB1100 or FIT1006 and unlocks 26 units, leading on to 42 units in all.

Credit points
6
Offered in 2024
Not offered
Assessment
Exam 60%
and 1 other task
Workload
144 hours
per semester

This is the 2024 handbook entry. See the 2025 entry.

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Requisites

Before ETC3440

Prohibitions

You can't enrol if you have passed any of these.

One of

Prerequisites

Pass these before you enrol.

One of

After ETC3440

26 units list ETC3440 as a prerequisite or corequisite.

Show 18 more

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 2024

The 2024 handbook lists no offerings for ETC3440.

Assessment

  • Within semester assessment
    40%
  • Examination
    60%

Learning outcomes

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

  1. 1

    understand and derive the properties of ordinary least squares in summation and matrix notation

  2. 2

    interpret, evaluate and apply inferential methods to multiple linear regression

  3. 3

    understand the use and implications of data scaling, functional form and dummy variables in regression modelling

  4. 4

    identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models

  5. 5

    understand issues related to modelling with time-series data.

Workload and teaching

  • Tutorials18 hours
  • Lectures24 hours
  • Teaching approachProblem-based learning
  • Teaching approachActive 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

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.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

Learning resources

Technology resources

There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.

Common questions

What are the prerequisites for ETC3440?

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

What can I take after ETC3440?

ETC3440 is a prerequisite or corequisite for 26 units, including ETC3400, ETC3410, ETC3450, ETC3460, ETC3550 and ETC3580. Those lead on to 42 units in all.

When is ETC3440 offered?

ETC3440 has no offerings listed in the 2024 handbook.

How much work is ETC3440?

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

Does ETC3440 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 1 other task.

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
202020212022202320242025