ECON2271 Business Econometrics

6 points
(see Timetable)
(see Summer Timetable)
Semester 2UWA (Perth)Face to face
Summer teaching periodUWA (Perth)Face to face
Details for undergraduate courses
  • Level 2 core unit in the Professional Economics major sequence
  • Level 2 option in the Economics major sequence
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 2 elective
This unit deals with basic econometric issues and modelling skills such as hypothesis testing and statistical inference; correlation; the linear regression model; relaxing the assumptions of the classical linear regression model; forecasting; use of empirical examples to test hypotheses in economics and finance; and an introduction to the use of computer software packages.
Students are able to (1) conduct preliminary analysis of economic and financial data; (2) construct cross-sectional or time series economic models; (3) perform and interpret the results from linear regressions; (4) perform statistics tests to check the robustness of econometric models; (5) be aware of the limitations of commonly used econometrics models; and (6) demonstrate self-management and independent learning skills.
Typically this unit is assessed in the following ways: (1) tutorial participation; (2) assignment; and (3) examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr Simon Chang (Summer School) and Dr Inga Kristoffersen (Semester 2)
Unit rules
STAT1520 Economic and Business Statistics;
Contact hours
lectures/Practical Classes/seminars/workshops: up to 3 hours per week
Unit Outline

Wooldridge, J. Introductory Econometrics. 1st ed.: Cengage 2012



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