ETC5341 Applied econometrics
Faculty of Business and Economics
ETC5341 Applied econometrics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 at Clayton. It needs ETC3440, ETF5910, ETW2510, ETC2410 or ETF2100 and unlocks 4 units.
- Credit points
- 6
- Offered in 2023
- Semester 1
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ETC5341
Prohibitions
You can't enrol if you have passed any of these.
After ETC5341
4 units list ETC5341 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 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
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
- 5
interpret the results of econometric analysis of data in context
- 6
describe the role of econometrics as it applies to the analysis of data.
Workload and teaching
- Tutorials18 hours
- Lectures24 hours
- 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. 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.
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
- Akanksha Negi
Common questions
What are the prerequisites for ETC5341?
You need ETC3440, ETF5910, ETW2510, ETC2410 or ETF2100 before you enrol.
What can I take after ETC5341?
ETC5341 is a prerequisite or corequisite for 4 units, including ETC5420, ETC5440, ETC5441 and ETF5200.
When is ETC5341 offered?
In 2023, ETC5341 runs in Semester 1 at Clayton.
How much work is ETC5341?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETC5341 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.