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ECON7035 – Econometric Techniques and Applications

2021 – Session 1, Special circumstances

Notice

As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.

To check the availability of face-to-face and online activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Roselyne Joyeux
roselyne.joyeux@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
Admission to MRes
Corequisites Corequisites
Co-badged status Co-badged status
ECON8040
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://students.mq.edu.au/important-dates

Learning Outcomes

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

  • ULO1: Identify and develop a relevant econometric model suitable for the objective of analysis.
  • ULO2: Estimate the model using an appropriate estimation method.
  • ULO3: Interpret the estimation results and draw valid inferences.
  • ULO4: Understand and replicate the empirical results reported in some academic articles that are prescribed by the lecturer.

General Assessment Information

Assignment

The assignment question will be made available on the unit homepage about 3-4 weeks before the due date. 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 completed 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.

Final Examination Online

A two-hour exam to be completed in a six hour window will be held during the end of session formal examination period, and will consist of short answer questions that require both calculations and written responses.

Class Test Online

The mid‐semester test will be an online open‐book quiz with randomized questions in Week 6. It counts 20% towards the final grade. The duration of the quiz session will be one hour.

Assessment Tasks

Name Weighting Hurdle Due
Final examination online 40% No During the end of session formal examination period
Assignment 40% No Week 11
Class test online 20% No Week 6

Final examination online

Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: During the end of session formal examination period
Weighting: 40%

 

An online and open book two-hour exam will be held during the end of session formal examination period.

 
On successful completion you will be able to:
  • Identify and develop a relevant econometric model suitable for the objective of analysis.
  • Interpret the estimation results and draw valid inferences.
  • Understand and replicate the empirical results reported in some academic articles that are prescribed by the lecturer.

Assignment

Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: Week 11
Weighting: 40%

 

The completed assignment is due in Week 11. The assignment question sheet will available approximately 4 weeks before the due date.

 
On successful completion you will be able to:
  • Identify and develop a relevant econometric model suitable for the objective of analysis.
  • Estimate the model using an appropriate estimation method.
  • Interpret the estimation results and draw valid inferences.
  • Understand and replicate the empirical results reported in some academic articles that are prescribed by the lecturer.

Class test online

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 10 hours
Due: Week 6
Weighting: 20%

 

The quiz assesses the work covered in lectures up to the submission deadline, and consists of a set of questions to be answered on iLearn.

 
On successful completion you will be able to:
  • Interpret the estimation results and draw valid inferences.
  • Understand and replicate the empirical results reported in some academic articles that are prescribed by the lecturer.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Learning Skills Unit for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Lectures

Each week’s Lecture will be recorded using Zoom, and will be uploaded to the iLearn space before an online meeting that will be scheduled at the normal lecture time (i.e. starting at 6 pm, Monday). The online (Zoom) meetings will be used for questions and discussions on the uploaded topic. The meeting will last up to one hour.

Tutorials

Tutorial questions will be made available on the iLearn space. Detailed solutions will be provided. The online meetings will also be used for questions and discussions on tutorial questions.

Required and Recommended Texts and/or Materials

The recommended texts for the unit are

J.M. Wooldridge, M. Wadud, J. Lye, and R. Joyeux (2021) Introductory Econometrics: Asia-Pacific Edition, 2nd ed., Cengage

and/or

R. Carter Hill, W.E. Griffiths, and G.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/admin/other-resources/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 Enquiry Service

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

Equity 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.

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.