Students

ECON7035 – Applied Econometrics

2024 – Session 1, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor, Lecturer, Tutor
Chris Heaton
chris.heaton@mq.edu.au
Contact via chris.heaton@mq.edu.au
04EaR 436
TBA on iLearn
Tutor
Colin Bowers
colin.bowers@mq.edu.au
Contact via colin.bowers@mq.edu.au
TBA on iLearn
Tutor
Dylan Thompson
dylan.thompson@mq.edu.au
Contact via dylan.thompson@mq.edu.au
TBA on iLearn
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://www.mq.edu.au/study/calendar-of-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.

Assessment Tasks

Name Weighting Hurdle Due
Lecture interaction 10% No Weekly from Week 2
Tutorial Exercises 20% No Weekly from Week 2
Take home test 40% No Week 8 and Week 12
Assignment 30% No Week 14

Lecture interaction

Assessment Type 1: Participatory task
Indicative Time on Task 2: 5 hours
Due: Weekly from Week 2
Weighting: 10%

 

Lectures will include embedded exercises that engage students in the material being taught and ensure that students grasp essential concepts.

 
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.

Tutorial Exercises

Assessment Type 1: Problem set
Indicative Time on Task 2: 10 hours
Due: Weekly from Week 2
Weighting: 20%

 

A weekly assessment (from Week 2) that covers material from previous lectures, with an emphasis on the most recent work, and ensures acquisition of the concepts and skills necessary to understand and apply the unit material.

 
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.

Take home test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Week 8 and Week 12
Weighting: 40%

 

Two diagnostic tests (worth 20% each) of technical skills and applied knowledge acquired in the unit up until the week of the test.

 
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: 15 hours
Due: Week 14
Weighting: 30%

 

A written report comprising the application of technical skills and theoretical concepts acquired in the unit to a simple research question in economics.

 
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.

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 Writing Centre 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

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Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

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

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

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 connect.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

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

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

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

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via the Service Connect Portal, or contact Service Connect.

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.

Unit information based on version 2024.03 of the Handbook