- Code EMET6007
- Unit Value 6 units
This course involves on campus teaching. For students unable to come to campus there will be a remote option. See the Class Summary for more details.
This course provides an introduction to econometric methods and their applications. The main workhorse of applied econometrics is the linear regression model and the course will develop its theory and look at a wide range of applications. The course emphasizes intuitive and conceptual understanding as well as hands on econometric analysis using modern computer software on data sets from economics and business. Students learn how to conduct empirical studies, as well as how to analyze and interpret results from other empirical works. We cover a broad range of topics, including: brief review of basic statistics; ordinary least squares estimation and its properties; choice of functional form; departures from standard OLS assumptions; time series analysis.
This is a hands-on course with a focus on applications in economics as well as business. A standard statistical software will be used during computer sessions, no special programming skills are required.
Upon successful completion, students will have the knowledge and skills to:
- define the ordinary least squares (OLS) estimator in the linear regression model;
- derive and examine statistical properties of the OLS estimator;
- employ the central limit theorem to approximate the statistical distribution of the OLS estimator;
- demonstrate an understanding of the strengths and limitations of the OLS estimator;
- summarise and analyse actual economic data with use of a specialised econometric software;
- contextualise and critically evaluate the results of empirical analysis.
- Assessment will consist of a Final Exam, mid-semester exam(s), quizzes, assignment or some combination thereof. See the Class Summary for details. (100) [LO 1,2,3,4,5,6]
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130 hours in total over the semester consisting of lectures, tutorials and private study time.
Requisite and Incompatibility
See Class Summary and Wattle site.
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
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Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.