Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
George Milunovich
Contact via george.milunovich@mq.edu.au
E4A 436
Tuesdays 4:00pm - 6:00pm
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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 | 35% | No | Week 11 |
Group Assignment | 30% | No | Week 13 |
Due: Week 6
Weighting: 35%
A two hour test consisting of short-answer and multiple-choice questions will be held during the lecture in week 6. A calculator is needed for the test and attendance is compulsory.
Students must be available during the time of the lecture class to sit the class test. The only exception to this is that a student could not do the test because of documented illness or unavoidable disruption. In these circumstances this student may wish to consult the University’s Disruption to Studies policy -http://www.mq.edu.au/policy/docs/disruption_studies/policy.html.
Due: Week 11
Weighting: 35%
A take home test will consist of econometric problems that you will need to solve.
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 of studies is made and approved. In these circumstances this student may wish to consult the University’s Disruption to Studies policy - http://www.mq.edu.au/policy/docs/disruption_studies/policy.html.
Due: Week 13
Weighting: 30%
Hands on research using econometric models. Groups of up to 4 students will write a research report which will also be submitted in class in week 13 (as well as electronically). 50% of a group work task must be allocated to individual performance. Assignment topic will be announced in class.
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 of studies is made and approved. In these circumstances this student may wish to consult the University’s Disruption to Studies policy - http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
This unit is taught as a mix of tutorials and lectures. The lectures are designed to provide the tools which can then be applied in tutorials. Tutorials are based mainly on numerical problems as well as empirical applications which require the use of econometric software packages. How to use these packages is taught in tutorials which are held in the computer labs.
Lectures – large group learning (3 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. Additional reading material such as academic papers and research reports will be provided on the website.
Self-study activities – learning by doing (about 6 hours each teaching week and 9 hours each week during the 2-week mid-semester recess)
ECON634 relies heavily on independent learning where students read the relevant chapter, revise the lecture notes, prepare answers to the pre-set tutorial questions and extend themselves by doing additional reading, questions, exercises and problems.
Useful references include:
Material such as lecture slides, examples, and tutorial 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.
It is recommended that students attend all lectures and tutorials for several reasons including:
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Week No. |
Lecture Topic |
Tutorials |
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1 |
Introduction – Econometric Methodology, etc |
Tutorial Week 1 |
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2 |
Random Variables and Probability |
Tutorial Week 2 |
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3 |
Probability Distributions |
Tutorial Week 3 |
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4 |
Moments, Best Linear Prediction, Best Prediction |
Tutorial Week 4 |
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5 |
Point Estimation + Interval Estimation |
Tutorial Week 5 |
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6 |
Class Test |
Tutorial Week 6 |
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7 |
Tests of Hypotheses |
Tutorial Week 7 |
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MID-SEMESTER BREAK |
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8 |
Bivariate Regression Model |
Tutorial Week 8 |
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9 |
Bivariate Regression Model |
Tutorial Week 9 |
10 |
Multiple Regression |
Tutorial Week 10 |
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11 |
Multiple Regression Topics (Take Home Test Due) |
Tutorial Week 11 |
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12 |
Multiple Regression Topics |
Tutorial Week 12 |
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13 |
Group Assignment Due |
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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.
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