UnitLevel 2Undergraduate

ETS2410 Introductory econometrics

Faculty of Business and Economics

ETS2410 Introductory econometrics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 2 at South Africa. It needs ETW2111 or ETS2111 and unlocks 22 units, leading on to 31 units in all.

Credit points: 6
Offered in 2020: Semester 2; South Africa
Assessment: Exam 60%; and 1 other task
Workload: 144 hours; per semester

This is the 2020 handbook entry. See the 2022 entry.

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Requisites

Before ETS2410

Prohibitions

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Prerequisites

Pass these before you enrol.

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After ETS2410

22 units list ETS2410 as a prerequisite or corequisite.

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Overview

This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data, and the problems of serial correlation, heteroscedasticity and multicollinearity.

Offerings in 2020

Teaching period	Campus	Mode
Second semester	South Africa	On campus

Assessment

Within semester assessment
40%
ExaminationThreshold hurdle
60%

Learning outcomes

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

1
understand and derive the properties of ordinary least squares in summation and matrix notation
2
interpret, evaluate and apply inferential methods to multiple linear regression
3
understand the use and implications of data scaling, functional form and dummy variables in regression modelling
4
identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
5
understand issues related to modelling with time-series data.

Workload and teaching

Lectures72 hours
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.

Lecture and tutorials or problem-solving during tutorial/computer lab classes

Learning resources

Required resources

"Introductory Econometrics: A Modern Approach", by Jeffrey M.Wooldridge, either the 3rd Edition,
2006, or the 4th Edition, 2008.

Contacts

Chief Examiners: Mr Rakesh Bhurtun

Common questions

What are the prerequisites for ETS2410?

You need ETW2111 or ETS2111 before you enrol.

What can I take after ETS2410?

ETS2410 is a prerequisite or corequisite for 22 units, including ETC3400, ETC3410, ETC3450, ETC3460, ETC3550 and ETC3580. Those lead on to 31 units in all.

When is ETS2410 offered?

In 2020, ETS2410 runs in Semester 2 at South Africa.

How much work is ETS2410?

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

Does ETS2410 have an exam?

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

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 3
Study abroad: Not available
Handbook years: 20202021 2022