*The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see
Withdrawal dates explained for more information).
This unit provides an introduction into the techniques required to quantify the strength and form of relationships between variables. More specifically it examines the theory and use of the Linear Regression Model and Ordinary Least Square (OLS) estimation method. The unit also demonstrates how to test for violations of the assumptions on the Linear Regression Model, their consequences and how to remedy them. The econometric methods taught in this unit are essential for those students intending to work as professional economists, finance analysts and business analysts.
The goal of the unit is to develop a thorough understanding of basic econometrics so that the student can, at the end of this unit:
1 . Critically evaluate empirical studies in Economics, Finance and Business areas which involve use of simple techniques in estimation and inference;
2 . Develop an appreciation of the likely problems in data and know how to deal with them;
3 . Provide a good background to the student for a further study in econometrics and applied economics.
The unit is a compulsory unit in all majors in the Bachelor of Economics degree and in combined Economics degrees and it is also a compulsory unit in the Finance major. BEA242 is the prerequisite for BEA342 Econometrics which itself is the prerequisite for the Honours program in economics or finance.
FLEXIBLE VERSION OF THEUNIT: Students are responsible for ensuring that they have the following required equipment and accessibility for the flexible version of this unit:
Computer
Internet access
Portable Graphics Tablet (Atelier M-PAD 6'x4.5' 2048lpi or similar)
Headset with Microphone
WEIGHT:
12.5%
ASSESSMENT:
Internal assessment 40%; Final exam 60%.
TEACHING PATTERN:
1 x 2 hour lecture, 1 x 1 hour workshop per week.
FLEXIBLE & ONLINE STUDY OPTIONS Note: Class attendance may still be required
Web dependent -
H
Some parts of this unit will be taught online
Fully online -
I,L,N,O,W
This unit is taught entirely online
Resource supported teaching & learning -
H
Additional resources are provided for your optional use; e.g. audio taped lectures
About Flexible Study Options
Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
Campus - H Hobart, L Launceston, W Burnie. Study Centre - V Sydney, R Rozelle, P Beauty Point. Distance units may also have a campus identifier of I Isolated, N Interstate, O Overseas. Units delivered in Transnational Education (TNE) Programs have a campus identifier of A Hangzhou, F Fuzhou, G Shanghai, K KDU Malaysia, Q Kuwait or Y Hong Kong.
Special approval is required for enrolment into TNE Program units - campuses A, F, G, K, Q and Y click here for more information.
Web dependent -
H
