ETC5241 Introductory econometrics
Faculty of Business and Economics
ETC5241 Introductory econometrics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2026 in Semester 1 and Semester 2 at Clayton. It needs ETX5900 and unlocks 9 units, leading on to 14 units in all.
- Credit points
- 6
- Offered in 2026
- Semester 1, Semester 2
- Clayton
- Assessment
- Exam 60%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
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Requisites
Before ETC5241
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ETC5241
9 units list ETC5241 as a prerequisite or corequisite.
- ECX5479Empirical strategies for policy evaluationNo reviews yet
- ETC5341Applied econometricsNo reviews yet
- ETC5346Financial econometricsNo reviews yet
- ETF5231Business forecastingNo reviews yet
- ETF5320Applied econometricsNo reviews yet
- ETF5330Quantitative methods for financial marketsNo reviews yet
- ETF5560Case studies in applied econometricsNo reviews yet
- ETF5600Quantitative analysis of limited dependent variablesNo reviews yet
Enrolment rules
You must be enrolled in one of Faculty of Business and Economics Master courses.
If you are enrolled in course B6001, B6036, B6043 or B6045, there is no prerequisite.
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 2026
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | Blended |
| Second semester | Clayton | Blended |
Assessment
- Quiz / Test10%
- Written30%
- Examination60%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
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
- Workshops12 hours
- Seminars24 hours
- Tutorials12 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.
Contacts
- Chief Examiners
- Associate Professor Didier Nibbering
- Dr Akanksha Negi
Common questions
What are the prerequisites for ETC5241?
You need ETX5900 before you enrol. Enrolment rules also apply.
What can I take after ETC5241?
ETC5241 is a prerequisite or corequisite for 9 units, including ECX5479, ETC5341, ETC5346, ETF5231, ETF5320 and ETF5330. Those lead on to 14 units in all.
When is ETC5241 offered?
In 2026, ETC5241 runs in Semester 1 and Semester 2 at Clayton.
How much work is ETC5241?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC5241 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.