Unit convenor and teaching staff |
Unit convenor and teaching staff
Senior Lecturer
Shuping Shi
Contact via (02) 9850 8501
E4A 441
TBA
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MCom or MAcc(Prof)MCom or MBioTechMCom or MEc
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit is designed to bring students with no econometrics background to an intermediate level in econometrics. Starting from first principles, the unit outlines standard econometric methods to the extent necessary for students to understand key concepts, apply basic methods, and interpret empirical research results in economics, finance and business. The unit material also includes elementary discussions of violations of the standard assumptions for a regression model, such as autocorrelation and heteroscedasticity.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Due |
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Class Test | 30% | Week 6 |
Individual Assignment | 20% | Week 11 |
Final Exam | 50% | University Examination Period |
Due: Week 6
Weighting: 30%
The class test will be held during the lectures in Week 6. The test will cover all material up to and including Week 5. A calculator is needed for the test and attendance is compulsory. If you fail to attend the test you will be awarded a zero mark. There will be no catch-up or supplementary examinations.
Students who experience serious misadventure and are unable to attend the in class test should apply for "Disruption to Studies' within 5 working days of the test (see http://www.mq.edu.au/policy/docs/disruption_studies/policy.html). If the application is successful, a supplementary assessment will be given (this could include an oral task) and the date of the assessment will be designated by the unit convenor.
Due: Week 11
Weighting: 20%
The assignment is due at 4pm on Friday of Week 11. Extensions are only granted for cases in which an application for special consideration is made and approved. If no arrangement is in place, assignments will be penalised at a rate of 20% per day or part thereof that the assignment is late. For example, if an assignment is late by less than 24 hours, 20% of the final mark will be deducted as penalty; if an assignment is late by more than 24 hours but less than 48 hours, 40% of the final mark will be deducted as penalty. Students are strongly recommended to keep a photocopy of their assignment to ensure against loss. In early Week 11, assignment boxes designated ECON634 will be prepared in the Business and Economic Graduate Centre (E4A, Level 2) where students can submit their assignments. In addition, students must also submit an electronic copy through iLearn.
There are no set minimum or maximum lengths for the assignment. However, assignments should be complete and concise.
Due: University Examination Period
Weighting: 50%
A two-hour examination will be held in the final examination period. It will contribute 50% of your final raw score. The final examination will be based on all the work covered throughout the duration of the semester. The exam will include a mixture of theoretical and numerical questions. Students will be provided with further details regarding the exam as it approaches. Computer outputs and statistical tables are provided. Non-programmable calculators without alphabetic storage capability and an A4 page with hand-written or type-in notes are allowed into the examination room.
The time and venue of the exam will be organised and announced in due time by the University. You are expected to present yourself for examination at the time and place designated in the University Examination Timetable. The timetable will be available in Draft form approximately eight weeks before the commencement of the examinations and in Final form approximately four weeks before the commencement of the examinations. http:// exams.mq.edu.au/.
Students who do not sit for the final exam will be awarded a grade of FA (failed absent). The only exception to not sitting an examination at the designated time is because of documented illness or unavoidable disruption. In these circumstances you may wish to consider applying for 'Disruption to Studies'. The University’s policy on 'Disruption to Studies' process is available at http://www.mq.edu.au/policy/docs/disruption_studies/policy.html. If a Supplementary Examination is granted as a result of the 'Disruption to Studies' process the examination will be scheduled after the conclusion of the official examination period.
This unit is taught as a traditional lecture course. The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/. Lectures are intended to provide an overview of statistical and econometrics techniques that are critical to the core themes of the unit. Students are expected to read the relevant material before each lecture. ECON634 relies heavily on independent learning where students read the relevant chapter, revise the lecture notes, prepare answers to the pre-set exercise questions and extend themselves by doing additional reading, questions, exercises and problems.
Useful references include
Material such as lecture slides and exercise questions will be available on the unit home page. The lecture notes, together with the lectures and additional references will provide students with a clear indication of the basic content of the unit. Students are required to use a computer to access the course website and carry out certain tasks of the course, such as exercises and assignments.
The list below is a proposed study plan, but this may be modified as we progress through the semester to allow us to take more or less time with different sections of the course as required.
Week No. |
Theme/Topic |
Summary of Activities |
Assessment |
1 |
Introduction & Descriptive Statistics |
Lecture |
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2 |
Probability, and Random Variables |
Lecture |
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3 |
Some Important Probability Distributions |
Lecture |
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4 |
Sampling Distributions and Central Limit Theorem |
Lecture |
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5 |
Point Estimation and Interval Estimation |
Lecture |
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6 |
In Class Test |
Lecture |
In Class Test |
7 |
Hypothesis Testing |
Lecture |
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Teaching Break |
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8 |
Hypothesis Testing |
Lecture |
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9 |
Regression Analysis |
Lecture |
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10 |
Regression Analysis |
Lecture |
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11 |
Regression Model Diagnostics |
Lecture |
Assignment due |
12 |
Regression Model Diagnostics |
Lecture |
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13 |
Revision |
Lecture |
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Examination period |
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
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