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 2023 in Semester 1 and Semester 2 at Caulfield. It needs ETF1100, FIT1006, ETX5900, ETF5900, SCI1020, ETC1000, ETM5900, STA1010, ETC5900, ETW1001, ETX1100 or ETB1100 and unlocks 12 units, leading on to 18 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 ETF5910

Prerequisites

Pass these before you enrol.

One of

Prohibitions

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

One of

After ETF5910

12 units list ETF5910 as a prerequisite or corequisite.

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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 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, 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
Seminars24 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

ETF5910 is part of 2 areas of study in the 2023 handbook.

Contacts

Chief Examiners: Dr Janjala Chirakijja; Associate Professor Bin Peng

Common questions

What are the prerequisites for ETF5910?

You need ETF1100, FIT1006, ETX5900, ETF5900, SCI1020, ETC1000, ETM5900, STA1010, ETC5900, ETW1001, ETX1100 or ETB1100 before you enrol. Enrolment rules also apply.

What can I take after ETF5910?

ETF5910 is a prerequisite or corequisite for 12 units, including ETC5340, ETC5341, ETC5345, ETC5346, ETC5550 and ETC5580. Those lead on to 18 units in all.

When is ETF5910 offered?

In 2023, 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 Economics and health; and 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 1
Study abroad: Available
Handbook years: 2020 2021 202220232024 2025 2026 2027