Course Title: Basic Econometrics

Part A: Course Overview

Course Title: Basic Econometrics

Credit Points: 12

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ECON1066

City Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Sem 1 2006,
Sem 1 2007,
Sem 2 2008,
Sem 2 2009,
Sem 2 2010,
Sem 2 2011,
Sem 2 2012,
Sem 2 2013,
Sem 2 2014,
Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017,
Sem 2 2017

ECON1272

Singapore Inst of Management

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Offsh1 16,
Offsh3 16,
Offsh1 17,
Offsh3 17,
Offsh1 18

ECON1313

RMIT University Vietnam

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Viet1 2016,
Viet3 2016,
Viet2 2017

Course Coordinator: Dr George Tawadros

Course Coordinator Phone: +61 3 9925 5510

Course Coordinator Email: George.Tawadros@rmit.edu.au

Course Coordinator Location: Melbourne City Campus 80.10.48

Course Coordinator Availability: Please check with course coordinator


Pre-requisite Courses and Assumed Knowledge and Capabilities

Students should have successfully completed the course Business Statistics 1 (ECON1030 or equivalent code)


Course Description

This course introduces students to the econometric methods used to conduct empirical analysis in Economics and Finance. You will learn how to estimate linear regression models with real datasets from Australia and around the world. The key topics will be illustrated with examples such as the effect of education on wages or the effect of firm profitability on CEO’s bonuses. This course is designed to provide you with the basic quantitative techniques needed to undertake applied research projects.


Objectives/Learning Outcomes/Capability Development

-


On successful completion of this course you will be able to:

  1. Critically analyse and synthesise data to formulate effective economic and business decisions.
  2. Effectively communicate business data and econometric concepts to professionals and non-professionals in diverse business contexts.
  3. Apply technical and analytical knowledge to provide specialist advice to people from business disciplines in diverse business contexts.
  4. Apply reasoned judgements to solve a variety of statistical and econometric problems in business disciplines such as Accounting, Economics, Finance and Marketing, with reference to business, government policy and global perspectives.
  5. Use the feedback given on your performance to identify action strategies that required for improvement.


Overview of Learning Activities

To achieve the objectives listed, this course requires students to participate in various learning activities. These activities include, but are not limited to, the following:

  • students should attend lectures, take notes and participate in in-class activities
  • students should actively attend and participate in tutorials, working by themselves or in small groups on problems provided before each tutorial
  • students should actively learn to use appropriate econometric software to estimate models and perform diagnostic testing.


Overview of Learning Resources

Various learning resources are available online through myRMIT/Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 50%
Linked CLOs: 1, 2, 3, 4, 5

Final Examination: 50%
Linked CLOs: 1, 3, 4

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.