ECON2271 Introductory Econometrics
- 6 points
(see Summer Timetable)
Availability Location Mode Semester 1 UWA (Perth) Online-TT 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
- Contact hours
- lectures/tutorials/seminars/workshops: up to 3 hours per week
- Unit Outline
- Semester 1-2020 [SEM-1-2020]
Non-standard teaching period [TS-SUMM-F-2020]
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.
- Unit readings, including any essential textbooks, are listed in the unit outline for each unit one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook. Reading lists and essential textbooks are subject to change each semester. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus. Copies of textbooks and other readings will be made available for students to access from the Library, online wherever possible as well as in print.
- If this unit is offered as on-campus face-to-face study only, students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.