units

ETW2410

Faculty of Business and Economics

Undergraduate - Unit

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Econometrics and Business Statistics
OfferedMalaysia First semester 2015 (Day)
Malaysia Second semester 2015 (Day)
South Africa Second semester 2015 (Day)
Coordinator(s)Dr Phillip Edwards; Malaysia: Dr Santha Vaithilingam

Synopsis

This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.

Outcomes

The learning goals associated with this unit are to:

  1. understand and derive the properties of ordinary least squares in summation and matrix notation
  2. interpret, evaluate and apply inferential methods to multiple linear regression
  3. understand the use and implications of data scaling, functional form and dummy variables in regression modelling
  4. identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
  5. understand issues related to modelling with time-series data.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Prerequisites

Prohibitions

ECC2410, ETC2410, ETC3440