Data Analysis and Econometrics

ECO30003 12.5 Credit Points Hawthorn Available to incoming Study Abroad and Exchange students

Duration

  • One semester or equivalent
     
     

Contact hours

  • 36 hours

On-campus unit delivery combines face-to-face and digital learning.

2022 teaching periods

Hawthorn

Higher Ed. Semester 2

Dates:
1 Aug 22 - 30 Oct 22

Results:
6 Dec 22

Last self enrolment:
14 Aug 22

Census:
31 Aug 22

Last withdraw without fail:
16 Sep 22


Prerequisites

150 credit points from a Bachelor Degree
AND

Corequisites

Nil

Aims and objectives

This unit is designed so that students learn fundamental techniques of data analysis, basic econometric methods and learn to use data to solve real-world problems by estimating relevant parameters (such as elasticities, marginal values etc). Students acquire expertise in applying data analysis and econometric methods, including regression analysis and its extensions, to various types of data. Students also learn how to use econometrics to test theory, analyse economic and business behaviour, and assist in policy formation. The subject is application orientated and practical work is performed using statistical software.
 
Students who successfully complete this unit will be able to:
1. Demonstrate an understanding of important econometric methods and interpret estimation results.
2. Analyse the concepts of model specification and diagnostic testing procedure in time series and cross sectional econometrics.
3. Solve problems using econometric computer software and commercial databases.
4. Work in groups to solve econometric problems and clearly communicate their results and interpretations.