ETF5320 Applied econometrics
Faculty of Business and Economics
ETF5320 Applied econometrics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Caulfield. It needs ETF2100, ETC2410, ETF5910, ETW2510 or ETC3440 and unlocks 3 units.
- Credit points
- 6
- Offered in 2023
- 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.
Reviews
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Requisites
Before ETF5320
Prohibitions
You can't enrol if you have passed any of these.
After ETF5320
3 units list ETF5320 as a prerequisite or corequisite.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit provides you with an understanding of techniques in modern econometrics widely used for answering empirical questions in business and economics. You will learn to apply these methods to real-world problems and data using appropriate statistical software. The topics covered include multiple regression analysis, instrumental variables estimation, modeling discrete dependent variables, analysis of data sets that have both a cross-section and a time-series dimension, and difference-in-differences method.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
explain applied econometric concepts such as causal effects, endogeneity, selection bias, and simultaneity
- 2
understand the techniques in modern econometrics discussed in the unit including multiple regression analysis, instrumental variables estimation, modelling of discrete dependent variables, panel data analysis, and differences-in-differences method
- 3
use statistical software to manage data and conduct empirical analysis using the econometric techniques discussed
- 4
interpret empirical findings and discuss potential problems and limitations of empirical studies in business and economics.
Workload and teaching
- Seminars24 hours
- Tutorials18 hours
- Teaching approachActive learning
- 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. 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.
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
ETF5320 is part of 1 area of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Janjala Chirakijja
Common questions
What are the prerequisites for ETF5320?
You need ETF2100, ETC2410, ETF5910, ETW2510 or ETC3440 before you enrol.
What can I take after ETF5320?
ETF5320 is a prerequisite or corequisite for 3 units, including ETC5420, ETC5441 and ETF5200.
When is ETF5320 offered?
In 2023, ETF5320 runs in Semester 2 at Caulfield.
How much work is ETF5320?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ETF5320 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ETF5320?
ETF5320 is part of Economics and health.