ECOM20001 Econometrics 1 Notes | Assignment Help | Syllabus
University: University Of Melbourne
“This course introduces econometrics, which includes estimating economic connections, testing economic theory, and predicting the effect of policy using data and statistical techniques. Probability and statistics, single linear regression, multiple linear regression, non-linear regression, model internal and external validity, field and natural experiments, and time series models are only a few of the topics addressed. Applications to economics, accounting, finance, marketing, and management will inspire and demonstrate econometric technique and application.
Learning outcomes that are expected
Students should be able to do the following after completing this subject:
In the context of single and multiple linear regression, use the least-squares technique of estimate and inference.
Estimate econometric models, test hypotheses, and perform forecasting exercises using a statistical software.
Multicollinearity, specification error, heteroskedasticity, autocorrelation, internal validity, and external validity are some of the issues that emerge in the construction and interpretation of econometric models.
Skills that are universal
Written communication, collaborative learning, problem solving, teamwork, statistical reasoning, application of theory to practice, interpretation and analysis, critical thinking, synthesis of data and other information, and computer software usage are all at a high degree of development.
Oral communication; data and other information assessment; data and other information access from a variety of sources; receptiveness to other views are all at a moderate degree of development.”
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