Students will need to consult this textbook:
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 readings will be developed on the unit iLearn site as the unit progresses. The data sets used in the textbook, lectures and tutorials will also be provided on the unit iLearn site.
Technology Used and Required
The main software package used in ECON2041 is Gretl (http://gretl.sourceforge.net). This software is available for use on AppStream 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. 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 to all students (https://students.mq.edu.au/support/technology/software/microsoft). 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).
The unit uses the learning management system (iLearn) that can be accessed via iLearn.mq.edu.au. All of the learning materials and important information related to ECON2041 will be provided and can be accessed via iLearn. Students are expected to check the ECON2041 iLearn site regularly. Staff may also occasionally directly email students. Students must check their email daily.
Students will need access to an internet-connected computer capable of streaming video and participating in Zoom meetings.
Learning and Teaching Activities
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.
Tutorials will be held weekly, starting from Week 2. 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 tutorial classes, discuss the unit material both in-class and online, 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.
Note: the intended delivery mode may need to change after the start of the session due to the evolving covid situation and students need to ensure they keep up with iLearn Announcements made during the session accordingly.