Students

ECON7035 – Econometric Techniques and Applications

2020 – Session 1, Weekday attendance, North Ryde

Coronavirus (COVID-19) Update

Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Daehoon Nahm
Lecturer
Daehoon Nahm
Contact via email
Room 451, 4 EAR
TBA
Xiaoman Selma Huang
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MRes
Corequisites Corequisites
Co-badged status Co-badged status
ECON8040: Applied Econometrics
Unit description Unit description

The aim of this unit is to enable MRes students to upgrade their basic econometric knowledge and skills to a level where they can independently design an empirical research project and use relevant econometric methods to draw valid conclusions, with clear understanding of advantages and limitations of the methods involved. To that end, students will be introduced to various econometric methods and their properties under different circumstances.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • ULO1: Develop an econometric model suitable for the objective of their analysis
  • ULO2: Estimate the model using an appropriate estimation method.
  • ULO3: Interpret the estimation results and draw valid inferences.
  • ULO4: Critically analyse the econometric methods covered in the unit.

Assessment Tasks

Coronavirus (COVID-19) Update

Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.

Students should consult iLearn for revised unit information.

Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students

General Assessment Information

Class Test

The class test will be held on Friday 3 April (Week 6) at 6 pm in class. It will be of one hour duration. The main purpose of the class test is to provide students with an opportunity to assess their knowledge and to have early feedback on their performance in the unit.

Students who are prevented from sitting the test due to illness or misadventure may apply for special consideration. If approved, a supplementary test will be arranged.

Assignment

The assignment question will be made available on the unit homepage about 3-4 weeks before the due date. The completed assignment must be submitted via turnitin by 5:00 pm, Friday 22 May (Week 11). The assignment question sheet will include instructions that must be followed closely. There are no set minimum or maximum lengths for the assignment. However, assignments should be complete and typed using a word-processing program.

No extension will be granted. Late submissions will be accepted up to three days after the submission deadline. There will be a deduction of 10% of the total available marks made from the total awarded marks 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 special consideration is made and approved.

The Final Exam

A two hour final examination for this unit will be held during the University examination period. 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. The draft and final timetables will be available from http://www.timetables.mq.edu.au/exam.

Students who do not sit for the final exam will be awarded a grade of FA (failed absent). The only exception to this rule will occur in cases where the student has been granted a supplementary examination on the grounds of unavoidable disruption. Students who are prevented from sitting the final exam due to illness or unavoidable disruption may wish to consider applying for formal recognition; see below for the related information. If a supplementary examination is granted as a result of the special-consideration process the examination will be scheduled for after the conclusion of the official examination period. If the student does not attend the supplementary examination at the scheduled time, a grade of FA will be awarded.

Delivery and Resources

Coronavirus (COVID-19) Update

Any references to on-campus delivery below may no longer be relevant due to COVID-19.

Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status

Classes

There is a single three-hour lecture each week of semester. Class attendance is not compulsory and will not be recorded. However, students who miss classes may put themselves at a considerable disadvantage.

Exercise questions and solutions will be provided for private studies. Some selected questions will be discussed in class.

It should be noted that class attendance is only one part of university study. In addition to class attendance, students will need to spend around six to nine hours per week in private study in order to perform well in the unit.

The timetable for classes can be found on the University website at: http://www.timetables.mq.edu.au/

Required and Recommended Texts and/or Materials

The prescribed text for the unit is

  R. Carter Hill, William E. Griffiths, and Guay C. Lim (2018) Principles of Econometrics,  5th ed., John Wiley & Sons.        

Lecture slides will be provided on the unit home page.

Technology Used and Required

(1)     Students will require a non-programmable calculator for exercises, test and the final examination.

Students will also require access to a computer, on which the following programs are installed.

(2)     Gretl: It is free, open-source software. Visit the Gretl website: http://gretl.sourceforge.net/, and choose the operating system of your computer from the menu on the left-hand side. Download and install the program onto the computer. Download also the manual and all the data for practice. Students are required to be able to use this program to answer exercise, test and assignment questions. Students are also required to understand its outputs.

(3)     An internet browser, such as Firefox or Internet Explorer, to access iLearn.

(4)     Adobe Acrobat Reader: to read course material downloaded from iLearn. This program can be downloaded from http://www.adobe.com/downloads/.

Unit web page

Useful information and some course material will be made available on the learning management system (iLearn): ilearn.mq.edu.au. Visit the homepage regularly for new information, course material and announcements.

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct​

Results

Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) 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 or if you are a Global MBA student contact globalmba.support@mq.edu.au

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

If you are a Global MBA student contact globalmba.support@mq.edu.au

IT Help

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.