UnitLevel 5Postgraduate

ETF5910 Introductory applied econometrics

Faculty of Business and Economics

ETF5910 Introductory applied econometrics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at Caulfield. It needs ETC5900, ETW1000, STA1010, ETF1100, ETW1100, ETB1100, ETF5900, FIT1006, ETC1000, ETM5900 or SCI1020 and unlocks 11 units, leading on to 20 units in all.

Credit points
6
Offered in 2020
Semester 1, Semester 2
Caulfield
Workload
144 hours
per semester

This is the 2020 handbook entry. See the 2027 entry.

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Requisites

Enrolment rules

If students are enrolled in course B6022, there is no prerequisite.

Overview

Econometrics is a set of research tools employed not only in economics but also in 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. EViews is used as the software package.

Offerings in 2020

Teaching periodCampusMode
First semesterCaulfieldOn campus
Second semesterCaulfieldOn campus

Learning outcomes

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

  1. 1

    apply econometric tools to modelling, estimation, inference, and forecasting in the context of real world economic and business problems

  2. 2

    formulate and test hypotheses about the relationships between variables

  3. 3

    understand the nature and consequences of violation of the classical assumptions and know how to test for violations

  4. 4

    apply the skills and knowledge from the unit to real situations in business and economics, critically analysis and evaluate the results from applications, and make policy recommendations

  5. 5

    demonstrate the ability to generate and analyse EViews computer output for business and economic applications.

Workload and teaching

  • Laboratories12 hours
  • Lectures36 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.

Where it fits

ETF5910 is part of 1 area of study in the 2020 handbook.

Contacts

Chief Examiners
Dr Janjala Chirakijja
Professor Duangkamon Chotikapanich

Common questions

What are the prerequisites for ETF5910?

You need ETC5900, ETW1000, STA1010, ETF1100, ETW1100, ETB1100, ETF5900, FIT1006, ETC1000, ETM5900 or SCI1020 before you enrol. Enrolment rules also apply.

What can I take after ETF5910?

ETF5910 is a prerequisite or corequisite for 11 units, including ETC5340, ETC5341, ETC5345, ETC5346, ETF3300 and ETF3500. Those lead on to 20 units in all.

When is ETF5910 offered?

In 2020, ETF5910 runs in Semester 1 and Semester 2 at Caulfield.

How much work is ETF5910?

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

Which majors and minors include ETF5910?

ETF5910 is part of Financial and risk management.

More details

Credit points
6
Level
5
Study level
Postgraduate
Faculty
Faculty of Business and Economics
Organisational unit
Department of Econometrics and Business Statistics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 2
Study abroad
Not available