Unit convenor and teaching staff |
Unit convenor and teaching staff
Associate Professor
Shuping Shi
Contact via (02) 9850 8501
E4A 441
Thursday 4:00- 5:00pm during teaching weeks
Associate Professor
George Milunovich
Contact via (02) 9850 8543
E4A 436
Monday 4:00-5:00pm during teaching weeks
Tutor
Robert Nguyen
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MCom or MAcc(Prof)MCom or MBkgFin 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 | Hurdle | Due |
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Class Test | 35% | No | Week 6 |
Take-home Test | 40% | No | Week 11 |
Individual Assignment | 25% | No | 13 November 2017 |
Due: Week 6
Weighting: 35%
The class test will be held during the lectures in Week 6. The test will cover all material up to and including Week 5. Non-programmable calculators without alphabetic storage capability and an A4 page with hand-written or type-in notes are allowed.
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: 40%
The take-home test is due at 4pm on Friday of Week 11. It will cover all material up to and including Week 10.
It is intended that students will work on the test independently. Students who collude or otherwise violate the Academic Honesty Policy will face further action which may result in failure in the unit and more severe penalties.
No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for disruption to studies (DTS) is made and approved. No submission will be accepted after solutions have been posted.
When an application for DTS has been approved, policy allows for the provision of one additional assessment task. This task need not be the same as the missed assessment. It could be an individual, group, homework, essay or oral task. In submitting a DTS, the student is agreeing to make themselves available so that they can complete any extra work as required. The time and date, deadline or format of any required extra assessable work is not negotiable.
Students are strongly recommended to keep a photocopy of their take-home exam to ensure against loss. In early Week 11, assignment boxes designated ECON634 will be prepared in the Business and Economic Student Services (E4B, 106) where students can submit their assignments. In addition, students must also submit an electronic copy through iLearn.
Due: 13 November 2017
Weighting: 25%
The assignment is due at 4pm on 13 November 2017 (Monday). It will focus on applying econometric techniques to empirical questions using Excel and Eviews.
It is intended that students will work on the assignment independently. Students who collude or otherwise violate the Academic Honesty Policy will face further action which may result in failure in the unit and more severe penalties.
No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application for disruption to studies is made and approved. No submission will be accepted after solutions have been posted.
When an application for DTS has been approved, policy allows for the provision of one additional assessment task. This task need not be the same as the missed assessment. It could be an individual, group, homework, essay or oral task. In submitting a DTS, the student is agreeing to make themselves available so that they can complete any extra work as required. The time and date, deadline or format of any required extra assessable work is not negotiable.
Students are strongly recommended to keep a photocopy of their assignment to ensure against loss. In Week 13, assignment boxes designated ECON634 will be prepared in the Business and Economic Student Services (E4B, 106) 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.
This unit is taught as a mix of lectures (2 hours each teaching week) and tutorials (1 hour each teaching week). 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. Exercise questions will be posted on iLearn each week before the tutorial classes. Students are expected to have made an attempt at the questions before each tutorial.
ECON634 relies heavily on independent learning where students revise the lecture notes, prepare answers to the pre-set exercise questions and extend themselves by doing additional reading, questions, exercises and problems.
The timetable for classes can be found on the University website at: http://www.timetables.mq.edu.au/.
Useful references
Material such as lecture slides and exercise questions will be available on the unit home page (iLearn). 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.
Technology Used and Required
Students are required to use a computer to carry out certain tasks of the course, such as tutorials and assignments. The software programs used in this course include Microsoft Excel and EViews 9.0.
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. |
Lecture Topic |
Summary of Activities |
Assessment |
1 |
Introduction & Descriptive Statistics |
Lecture |
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2 |
Probability and Random Variables |
Lecture & Tutorial |
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3 |
Some Important Probability Distributions |
Lecture & Tutorial |
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4 |
Sampling Distributions and Central Limit Theorem |
Lecture & Tutorial |
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5 |
Point Estimation and Interval Estimation |
Lecture & Tutorial |
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6 |
Class Test |
Lecture & Tutorial |
Class Test |
7 |
Hypothesis Testing |
Lecture & Tutorial |
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Teaching break |
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8 |
Hypothesis Testing |
Lecture & Tutorial |
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9 |
Regression Analysis |
Lecture & Tutorial |
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10 |
Regression Analysis |
Lecture & Tutorial |
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11 |
Regression Model Diagnostics |
Lecture & Tutorial |
Take-Home exam due |
12 |
Regression Model Diagnostics |
Lecture & Tutorial |
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13 |
Revision |
Lecture & Tutorial |
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Assignment due |
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_2016.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
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://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
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