ECON2271 Business Econometrics
- 6 points
(see Summer Timetable)
Availability Location Mode Semester 1 UWA (Perth) Face to face Summer teaching period UWA (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) demonstrate an understanding of the concept of ordinary least squares regression and its underlying assumptions; (2) conduct regression analysis with common nonlinear specifications; (3) conduct multivariate regression analysis, working with explanatory variables which are continuous, ordinal, nominal and binary; (4) conduct analysis of limited and discrete dependent variables; (5) demonstrate an understanding of the difference between cross-sectional, time-series and panel data regression; and (6) appreciate the importance of data quality, fundamentals of sound research design, and the limitations of commonly applied econometric techniques.
- Indicative assessments in this unit are as follows: (1) quizzes; (2) assignment; and (3) examinations. 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 Inga Kristoffersen (Semester 1); Dr Simon Chang (Summer School)
- Unit rules
- STAT1520 Economic and Business Statistics;
- Contact hours
- lectures/tutorials/seminars/workshops: up to 3 hours per week
- Unit Outline
- Semester 1_2019 [SEM-1_2019]
Wooldridge, J. Introductory Econometrics. 1st ed.: Cengage 2012
- The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
- All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
- Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.