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 2021 in Semester 1 and Semester 2 at Caulfield. It needs ETF1100, FIT1006, ETB1100, ETF5900, SCI1020, ETC1000, ETM5900, STA1010, ETC5900 or ETW1001 and unlocks 8 units, leading on to 16 units in all.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ETF5910
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
- ETF1100Business statisticsNo reviews yet
- FIT1006Business information analysisNo reviews yet
- ETB1100Business statisticsNo reviews yet
- ETF5900Business statisticsNo reviews yet
- SCI1020Introduction to statistical reasoningNo reviews yet
- ETC1000Business and economic statisticsNo reviews yet
- ETM5900Business statisticsNo reviews yet
- STA1010Statistical methods for scienceNo reviews yet
- ETC5900Business statisticsNo reviews yet
- ETW1001Introduction to statistical analysisNo reviews yet
After ETF5910
8 units list ETF5910 as a prerequisite or corequisite.
- ETC5340Principles of econometricsNo reviews yet
- ETC5341Applied econometricsNo reviews yet
- ETC5345Applied time series econometricsNo reviews yet
- ETC5346Financial econometricsNo reviews yet
- ETF5231Business forecastingNo reviews yet
- ETF5320Applied econometricsNo reviews yet
- ETF5330Quantitative methods for financial marketsNo reviews yet
- ETF5600Quantitative analysis of limited dependent variablesNo reviews yet
Enrolment rules
If you 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 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
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, critically analysis and evaluate the results from applications, and make policy recommendations
- 5
demonstrate the ability to generate and analyse EViews computer output for business and economic applications.
Workload and teaching
- Lectures24 hours
- Tutorials12 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 2021 handbook.
Contacts
- Chief Examiners
- Dr Janjala Chirakijja
- Dr Bin Peng
Common questions
What are the prerequisites for ETF5910?
You need ETF1100, FIT1006, ETB1100, ETF5900, SCI1020, ETC1000, ETM5900, STA1010, ETC5900 or ETW1001 before you enrol. Enrolment rules also apply.
What can I take after ETF5910?
ETF5910 is a prerequisite or corequisite for 8 units, including ETC5340, ETC5341, ETC5345, ETC5346, ETF5231 and ETF5320. Those lead on to 16 units in all.
When is ETF5910 offered?
In 2021, 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.
Does ETF5910 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ETF5910?
ETF5910 is part of Financial and risk management.