ECON 2517 - Intermediate Econometrics II
North Terrace Campus - Semester 2 - 2021
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General Course Information
Course Details
Course Code ECON 2517 Course Intermediate Econometrics II Coordinating Unit Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Incompatible ECON 2504 Restrictions Only available to B.Economics (Advanced) students Assessment Typically assignments, mid-term test and final exam Course Staff
Course Coordinator: Dr Qazi Haque
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1. Have an in-depth knowledge of Economic data structure and use adequate visual tools to present data
2. Writing regressions in matrix form
3. Estimating simple and multiple linear regressions with quantitative data
4. Testing and correcting for heteroscedasticity and autocorrelation
5. Estimating linear regressions with qualitative data
6. Interpreting and assessing outcomes of the regressionsUniversity Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1-6 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
3,6 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
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Learning Resources
Required Resources
Introductory Econometrics by Jeffrey M. Wooldridge, Mokhtarul Wadud, Jenny LyeOnline Learning
MyUni Course WebPage provides lecture notes, computer lecture notes, homework questions and solutions. Please check this page frequently for important announcements and corrections. -
Learning & Teaching Activities
Learning & Teaching Modes
Attend face-to-face 2 hour weekly lectures and 1 hour weekly tutorials.
This class is only available for face-to-face (on-campus) students.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This translates to 12 hours per week for a semester course.Learning Activities Summary
Tentative Schedule (subject to change): Week/s Modules 1 Module 1- Nature of Econometrics and Economic Data 2-5 Module 2 - Linear Regression Models
2.1- Definition of the simple and multiple linear regression model
2.2- Classical assumptions
2.3- Matrix notation and derivation the ordinary least squares (OLS) estimates
2.4- Properties of OLS: Unbiasedness, consistency and variances of the OLS estimates
2-5- Testing hypotheses about regression population parameters
2.5.1. Testing hypotheses about a single population parameter: The t-test
2.5.2. Confidence intervals
2.5.3. Testing multiple linear restrictions: The F-test6 Module 3- Model Specification
3.1- Functional form
3.2- Specification error
3.3- Multicollinearity7 MidTerm Test 8-9 Module 4- Multiple Regression Analysis with qualitative information
4.1- Describing qualitative information
4.2- Using dummy independent variables
4.3- A binary dependent variable: The linear probability model (LPM)10-12 Module 5- Heteroscedasticity and Autocorrelation
5.1- Definition of heteroscedasticity
5.2- Testing for heteroscedasticity
5.2- Correcting heteroscedasticity
5.3- Definition of autocorrelation
5.4- Testing for autocorrelation
5.5- Correcting autocorrelationSpecific Course Requirements
Assignment completion may require access to computer software STATA. If you do not have STATA at home, you may use the computer labs on campus. Please refer to http://www.adelaide.edu.au/its/student_support/labs/ for further details.
For course related questions, students are encouraged to utilise the designated office hours of the lecturer and the tutors. Questions over the telephone are strongly discouraged. Students are encouraged to utilise the online forum on MyUni instead of emailing questions. -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Task Type Weighting Learning Outcome Group Assignments Group 30% 1-6 Midterm exam Individual 20% 1-6 Final examination Individual 50% 1-6 Total 100% Assessment Related Requirements
Some assignments require to use STATA which is installed in the computer labs or may be accessed via ADAPT on your personal devices. Please allow additional time for completing the assignments as the computer labs may not always be available.Assessment Detail
1. There will be 4 assignments to be submitted in groups throughout the course. The dates and submission guidelines will be announced on MyUni. Best 3 out of 4 marks will count toward the semester grade for this component. Because not all of these marks count for assessment, no special consideration will be given to students who do not submit their work (or submit it late) for medical, compassionate or any other reason. The projects are worth 30% of the final grade.
2. There will be one mid-semester test worth 20% of the final grade. Further details will be announced on MyUni. The test is redeemable if students choose not, or are unable, to do the tests. The weighting of the missed test will be added to the weighting of the final exam.Submission
Submission of the assignments is required as per instructions on MyUni.
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process, and may affect marks. Marks cannot be awarded for answers that cannot be read or understood.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
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