ECOM90001 Basic Econometrics Notes | Assignment Help | Syllabus
University: University Of Melbourne
“Multiple regression analysis and its applications in economics, management, finance, accounting, and marketing are covered in this course. The characteristics of estimators, hypothesis testing, specification error, multicollinearity, dummy variables, heteroskedasticity, and serial correlation will be among the topics covered. The student’s empirical tasks are an important component of the course.
Learning outcomes that are expected
Students should be able to do the following after completing this subject:
Using single and multiple regression equations, apply the traditional model of ordinary least squares to data sets from economics, finance, accounting, and management.
Hypotheses on the link between variables are put to the test.
Explain the ramifications of violating any of the classical assumptions in detail.
Check for flaws in the traditional assumptions;
Models with non-classical errors and stochastic explanatory variables should be estimated.
Diagnose model misspecification using the most suitable tests and, if necessary, determine the appropriate corrective measures.
Use computer software to create basic data descriptions and visualize connections between variables, as well as to estimate econometric models using OLS and Instrumental Variables and simple dynamic models.
Apply econometric techniques to real-world data and run diagnostic tests to make sure the model is well-defined.
Skills that are universal
Students should have improved the following general abilities after completing this subject:
Ideas, points of view, and evidence are all evaluated.
Combination of ideas, points of view, and evidence
The ability to think critically
Theoretical considerations in economic policy and corporate decision-making
Obtaining economic and other data, as well as summarizing and interpreting data using computer programs
Ability to solve problems
Teamwork and collaborative learning
Communication through the written word
Communication via the mouth”
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