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UnitLevel 2Undergraduate

ETW2410 Introductory econometrics

Faculty of Business and Economics

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ETW2410 Introductory econometrics is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at Malaysia. It needs ETB1100, STA1010, ETS1102, SCI1020, ETW1000, ETC1000, ETW2111, ETF1100 or FIT1006 and unlocks 24 units, leading on to 33 units in all.

Credit points
6
Offered in 2020
Semester 1, Semester 2
Malaysia
Assessment
No exam
1 task
Workload
144 hours
per semester

The 2027 handbook has no page for ETW2410. This is its 2020 entry, the latest one.

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Requisites

Before ETW2410

Prohibitions

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

One of

Prerequisites

Pass these before you enrol.

One of

After ETW2410

24 units list ETW2410 as a prerequisite or corequisite.

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Equivalent units

The same content under another code. Only one of them counts.

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 periodCampusMode
First semesterMalaysiaOn campus
Second semesterMalaysiaOn campus

Assessment

  • Within semester assessment
    100%

Learning outcomes

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

  1. 1

    understand and derive the properties of ordinary least squares in summation and matrix notation

  2. 2

    interpret, evaluate and apply inferential methods to multiple linear regression

  3. 3

    understand the use and implications of data scaling, functional form and dummy variables in regression modelling

  4. 4

    identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models

  5. 5

    understand issues related to modelling with time-series data.

Workload and teaching

  • Tutorials18 hours
  • Lectures24 hours
  • Teaching approachPeer assisted 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.

Learning resources

Required resources

It is very important to have hands-on practice to understand the concepts. The software that we use (EViews) is on all machines in the computer labs and the Monash Business Simulation Lab (MBSL). However, if you prefer to work on the problems and assignments at home, then you would be best to consider to download free Student Version Lite.

EViews Tutorials : http://www.eviews.com/Learning/index.html

EViews Illustrated: http://www.eviews.com/illustrated/illustrated.html

EViews is also used in ETW3510 Econometric Methods and is used by many financial and government institutions. If you are proficient in any other statistical software (e.g. SAS, SPSS, STATA, R), you can use that instead. However, you should not expect the teaching team to answer your non-EViews software related questions.

Where it fits

ETW2410 is part of 5 areas of study in the 2020 handbook.

Contacts

Chief Examiners
Mr John Stapleton
Professor Farshid Vahid-Araghi

Common questions

What are the prerequisites for ETW2410?

You need ETB1100, STA1010, ETS1102, SCI1020, ETW1000, ETC1000, ETW2111, ETF1100 or FIT1006 before you enrol.

What can I take after ETW2410?

ETW2410 is a prerequisite or corequisite for 24 units, including ETC3400, ETC3410, ETC3450, ETC3460, ETC3550 and ETC3580. Those lead on to 33 units in all.

When is ETW2410 offered?

In 2020, ETW2410 runs in Semester 1 and Semester 2 at Malaysia.

How much work is ETW2410?

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

Does ETW2410 have an exam?

No. ETW2410 has 1 assessment task and no exam.

Which majors and minors include ETW2410?

ETW2410 is part of Applied economics; Banking and financial management; Business analytics; and Econometrics and business statistics.

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
2020