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 2025 in Semester 1 at Clayton. It needs ETC3440, ETC5241, ETF2100, ETF5910, ETW2510 or ETC2410 and unlocks 5 units.
- Credit points
- 6
- Offered in 2025
- Semester 1
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2025 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.
Prerequisites
Pass these before you enrol.
After ETC5341
5 units list ETC5341 as a prerequisite or corequisite.
Enrolment rules
If you are enrolled in B6036, B6043 or B6045 there are no perquisites.
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 2025
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | Blended |
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
- Workshops12 hours
- Tutorials12 hours
- Seminars24 hours
- Teaching approachProblem-based 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.
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.
Where it fits
ETC5341 is part of 1 area of study in the 2025 handbook.
Contacts
- Chief Examiners
- Akanksha Negi
Common questions
What are the prerequisites for ETC5341?
You need ETC3440, ETC5241, ETF2100, ETF5910, ETW2510 or ETC2410 before you enrol. Enrolment rules also apply.
What can I take after ETC5341?
ETC5341 is a prerequisite or corequisite for 5 units, including ETC5420, ETC5440, ETF5560, ETX5200 and ETX5441.
When is ETC5341 offered?
In 2025, 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.
Which majors and minors include ETC5341?
ETC5341 is part of Economics.