Basic Econometrics and Quantitative Modelling

Course code ECON1003
Available in 2015
2015 Course Timetables

Description

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.

Availability

Callaghan Campus

  • Semester 1 - 2015
  • Semester 2 - 2015

Learning Outcomes

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

Assessment Items

Tutorial / Laboratory Exercises: Tutorial Assignments

In Term Test: Mid-semester test

Formal Examination: Final Exam

Contact Hours

Lecture

Face to Face On Campus 2 hour(s) per Week for Full Term

Tutorial

Face to Face On Campus 1 hour(s) per Week for 12 Weeks