UnitLevel 2Undergraduate

ETF2100 Introductory econometrics

Faculty of Business and Economics

ETF2100 Introductory econometrics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 and Semester 2 at Caulfield. It needs ETB1100, FIT1006, ETC1000, SCI1020, ETF1100, STA1010, ETW1001 or ETX1100 and unlocks 28 units, leading on to 40 units in all.

Credit points: 6
Offered in 2023: Semester 1, Semester 2; Caulfield
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 ETF2100

Prohibitions

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

One of

Prerequisites

Pass these before you enrol.

One of

After ETF2100

28 units list ETF2100 as a prerequisite or corequisite.

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Enrolment rules

If you are enrolled in course B6001 or B6030, there is no prerequisite.

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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

Econometrics is a set of research tools employed across the economics and business disciplines. This unit covers the basic tools for estimation in the context of simple and multiple linear regression, the sampling properties of the least squares estimator, statistical inference and hypothesis testing. It also covers regression with dummy variables, model specification issues and estimation problems when least squares assumptions are violated.

Offerings in 2023

Teaching period	Campus	Mode
First semester	Caulfield	On campus
Second semester	Caulfield	On campus

Assessment

Within semester assessment
40%
Examination
60%

Learning outcomes

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

1
apply econometric tools to modelling, estimation, inference, and forecasting in the context of real world economic and business problems
2
formulate and test hypotheses about the relationships between variables
3
understand the nature and consequences of violation of the classical assumptions and know how to test for violations
4
apply the skills and knowledge from the unit to real situations in business and economics
5
demonstrate the ability to generate and analyse statistical output for business and economic applications using an appropriate statistical software.

Workload and teaching

Seminars24 hours
Lectures24 hours
Tutorials18 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.

Where it fits

ETF2100 is part of 4 areas of study in the 2023 handbook.

Contacts

Chief Examiners: Associate Professor Bin Peng; Dr Janjala Chirakijja

Common questions

What are the prerequisites for ETF2100?

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

What can I take after ETF2100?

ETF2100 is a prerequisite or corequisite for 28 units, including ETC3400, ETC3410, ETC3450, ETC3460, ETC3550 and ETC3580. Those lead on to 40 units in all.

When is ETF2100 offered?

In 2023, ETF2100 runs in Semester 1 and Semester 2 at Caulfield.

How much work is ETF2100?

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

Does ETF2100 have an exam?

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

Which majors and minors include ETF2100?

ETF2100 is part of Business analytics and statistics; Economics and business strategy; and Financial econometrics.

More details

Credit points: 6
Level: 2
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 1
Study abroad: Available
Handbook years: 2020 2021 202220232024 2025 2026 2027