- Online lectures will be available each week. Lecture slides and the data sets used for examples in the lectures will also be available on iLearn. The lectures cover all the material necessary to pass the unit, including some material that is not available in other formats. Consequently, students are expected to study the lectures closely.
- There is a tutorial class held in each week except Week 1. Students must register in a tutorial class and generally will not be permitted to attend a tutorial class other than the one in which they are registered. Changes to tutorial enrolments may only be made using the online system subject to available capacity. The Unit Convenor cannot make enrolment changes on behalf of students. Changes to tutorial enrolments generally take up to 24 hours to be reflected on iLearn.
- Students must complete and submit the tutorial exercises each week before the deadline, which will be prior to the first scheduled class each week. The tutorial exercises will be discussed in class. After the completion of the last scheduled class of the week, students will be permitted to re-attempt the tutorial. Details of the marking scheme will be made available on iLearn.
- The timetable for classes can be found on the University website: http://www.timetables.mq.edu.au/
- Students are expected to study all lectures, attempt the tutorial exercises, attend the tutorials and discuss the unit material, read the text, and attempt the set exercises. It is important that students identify problems that they are having with the unit material each week. If a reasonable but unsuccessful effort has been made to solve a problem, then the student should seek help from the tutor during the tutorial. Outside class time, the best way to get help with a problem is to post it on the online discussion forum.
- It is expected that students will spend an average of approximately 10 hours per week working on ECON2041 (including class time).
Required and Recommended texts and/or materials
- Wooldridge, J. M., Wadud, M. and Lye, J. (2017) Introductory Econometrics (1st Asia-Pacific ed.) Cengage.
Additional useful textbooks and resources.
- Hill, C. H., Griffiths, W. E. and Lim, G. C. (2018) Principles of Econometrics (5th ed.) Wiley.
Gujarati, D.N., and Porter, D.C. (2010) Essentials of Econometrics (4th ed.) McGraw-Hill.
Stock, J.H., and Watson, M.W. (2015) Introduction to Econometrics (3rd ed.) Pearson Education.
A list of prescribed reading will be developed on the website as the unit progresses.
The data sets used in the textbook and in lectures will be provided on the website.
Technology Used and Required
The main software package used in ECON2041 is Gretl (http://gretl.sourceforge.net/). This software is available for use in the 06EaR computer labs and may be freely downloaded for use elsewhere. The Microsoft Windows version is available at http://gretl.sourceforge.net/win32/. A Mac version is available at http://gretl.sourceforge.net/osx.html. Linux users should check their repositories or download the rpm or source from http://gretl.sourceforge.net/.
The use of a spreadsheet will often be helpful for tasks in this unit. Microsoft Excel will be used during tutorials and is available for students to use off-campus at https://wiki.mq.edu.au/display/microsoftstu/About;jsessionid=E26834FF0E276C3384E93466EE687514. For students who don’t wish to use Microsoft Excel, free alternatives include OpenOffice (http://www.openoffice.org), LIbreOffice (https://www.libreoffice.org/) and Gnumeric (http://www.gnumeric.org/, https://portableapps.com/apps/office/gnumeric_portable).
Course material is available on the learning management system (iLearn).
Announcements will be made regularly on iLearn. Students should ensure that these announcements are forwarded to their email account, which they should check regularly. Staff may also occasionally directly email students. Students should check their email daily.
Students are strongly advised to check the unit web page regularly for new material and announcements.
Students will need access to an internet-connected computer capable of streaming video and participating in Zoom meetings.