This unit illustrates how econometric methods can be applied to economic data to solve problems that arise in economics and business. Econometric theory provides the techniques needed to quantify the strength and form of relationships between variables. Applied econometrics is concerned with the strategies that need to be employed to use these techniques effectively; to determine which model to specify and whether the data are appropriate. Guidelines for undertaking applied work are discussed. Case studies drawn from economics, marketing, finance, and accounting are also discussed. The unit includes a major econometric modelling project.
1x3hr lecture/week, 1x1hr non-compulsory online tutorial/week
1x1500wd equivalent Group project (25%), 1x1hr Mid-semester test (25%), 1x2hr Final exam (50%)
ECMT5002 or ECMT6002