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
Academic unit | Economics |
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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 |
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 |
Available to study abroad and exchange students | Yes |
Teaching staff
Coordinator | Felipe Queiroz Pelaio, felipe.queirozpelaio@sydney.edu.au |
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