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# Basic Econometrics and Quantitative Modelling

### Available in 2013

Callaghan Campus Semester 1, Semester 2

Econometrics informs and supports decision making in both business and policy environments. This course introduces statistical methods and econometric modelling, focusing upon providing students with hands-on software skills applied in economics, commerce, finance and business decision making processes. Students are introduced to solving econometric problems within an Excel spreadsheet environment. Emphasis is placed upon problem-solving and drawing inferences from data to make informed decisions, both highly valued attributes within business environments.

Objectives On successful completion of the course, students will be able to:
1. Employ analytical skills to solve simple econometric and statistical problems;
2. Select statistical methods to make basic inferences from sample data and to present and interpret results from a simple regression analysis;
3. Utilise quantitative skills to summarise and present sample data as a basis for making informed decisions;
4. Formulate and conduct estimation and hypothesis testing in a statistical testing framework;
5. Comprehend the assumptions underlying the simple regression models;
6. Apply econometric modelling and forecasting techniques to economic, finance and business data in a MS Excel spreadsheet environment and to interpret and communicate the results in an informed manner.
Content The topics in this include but are not limited to:

1. Introduction to Linear Functions
2. Non-linear Function and Applications of Functions & Differentiation
3. Finance
4. Graphics and Introduction to Excel
5. Numerical Descriptive Statistics
6. Probability and Probability Distributions
7. Sampling and Sampling Distribution
8. Estimation
9. Hypothesis Testing
10.Simple Linear Regression and Correlation
11.Time-series analysis and Forecasting
12.Index Numbers
Replacing Course(s) This course replaces ECON1130.
Transition ECON1003 is not available to students who have completed ECON1130.
Industrial Experience 0
Assumed Knowledge Nil
Modes of Delivery Internal Mode
Teaching Methods Lecture
Tutorial
Assessment Items
Examination: Formal Formal exam in exam period. Students must submit answers to tutorial exercises. Mid-semester test. Details in course outline.
Contact Hours Lecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for 12 weeks
Timetables 2013 Course Timetables for ECON1003
• Last Updated: Monday, 20 May 2013 5:04 PM AEST