This unit is taught as a mix of tutorials and lectures. The lectures are designed to introduce the underlying knowledge in probability, statistics and econometrics, and to explain the methods which will be used to analyse and interpret data. Tutorials are based mainly on numerical problems which allow students to practice and understand the methods taught in the lectures. The tutorials include empirical applications which require the use of econometric software packages.
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.
Tutorials (1 hour per week) will go through assigned problems which may be mathematical exercises, or which may require use of the econometric software to estimate a model.
Self-study activities – learning by doing (You are expected to spend about 6 hours each week during the semester and 9 hours each week during the mid-semester recess)
ECON6034 relies heavily on independent learning where students read the lecture notes, relevant chapters from useful text books and prepare answers to the pre-set tutorial questions.
Useful but not required texts include:
Hill, C. H., Griffiths, W. E. and Lim, G. C. (2011) Principles of Econometrics (4th ed.) Wiley -- Available online through our library: http://ebookcentral.proquest.com.simsrad.net.ocs.mq.edu.au/lib/MQU/ detail.action?docID=4806586
Gujarati, N. G. and Porter, D. C. (2009) Essentials of Econometrics, 4th Edition, McGraw-Hill
Keller, Gerald (2014) Statistics for Management and Economics (10th, ed.), Cengage Learning.
Stock, J. H. and Watson, M. W. (2014) Introduction to Econometrics, 3rd Edition, Pearson