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Unit of study_
ECMT1020: Introduction to Econometrics
2025 unit information
This unit introduces econometrics: the application of economic theory and statistical methods to quantify economic phenomena and relationships using observational economic data. The unit starts with a review of probability and statistics, followed by an in-depth analysis of classical linear regression. Advanced topics including nonlinear models, dummy variables, model specification, heteroskedasticity, measurement errors, and time series are discussed in the second half of the unit. The aim is to develop a deep understanding of the statistical properties of modern econometrics techniques, and to provide the practical skills, such as using statistical software, to fit models to data.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
|
Prerequisites:
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ECMT1010 or BUSS1020 or DATA1001 or DATA1901 or (MATH1005 and MATH1115) or (MATH1905 and MATH1115) or ENVX1002 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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ECMT1001 or ECMT1002 or ECMT1003 or ECMT1021 or ECMT1022 or ECMT1023 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. understand the process of econometric model building and testing
- LO2. critically evaluate underlying theories, concepts, assumptions and arguments in econometrics and other related fields
- LO3. develop coherent arguments when recommending solutions
- LO4. manage, analyse, evaluate and use information efficiently and effectively
- LO5. demonstrate an increased range of econometric techniques for use in applied work and be able to implement this knowledge for modelling data in different situations
- LO6. demonstrate proficiency in carrying out applied work in econometrics and in the use of an econometric software package
- LO7. confidently and coherently communicate, orally and in writing, to a professional standard
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
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Semester 1 2024
|
Normal day | Camperdown/Darlington, Sydney | |
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Semester 2 2024
|
Normal day | Camperdown/Darlington, Sydney |
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Modes of attendance (MoA)
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