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Unit of study_
ECMT3120: Applied Econometrics
Econometric theory provides techniques to quantify the strength and form of relationships between variables. Econometric methods are concerned with the appropriate use of these techniques in practical applications in economics. In this unit general principles for undertaking applied work are discussed and necessary research skills developed. In particular, the links between econometric models and the underlying substantive knowledge or theory for the application are stressed. Topics may include, panel data, partial identification, weak instruments, nonparametric regression and density estimation, and discrete choice models. Research papers involving empirical research are studied.
| Code | ECMT3120 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
|
Prerequisites:
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ECMT3110 or ECMT3010 or ((ECMT2150 or ECMT2950) and ECMT2160) |
|---|---|
|
Corequisites:
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None |
| Prohibitions:
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ECMT3020 |
At the completion of this unit, you should be able to:
- LO1. utilise methods to produce, validate and interpret simple and multiple regression models
- LO2. calculate and understand the statistical significance of regression models
- LO3. carefully define statistical models
- LO4. identify and apply extensions to the regression model which address special features of different data structures, and the testing of inequality restrictions on the regression coefficients
- LO5. achieve fluency with methods like properties of least squares estimators, hypothesis testing, instrumental variables, and discrete choice models.
Unit outlines
Unit outlines will be available 2 weeks before the first day of teaching for the relevant session.
- Semester 2, 2023 [Normal day] - Camperdown/Darlington, Sydney
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