ECON 7243 - Applied Econometrics PG
North Terrace Campus - Semester 1 - 2024
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General Course Information
Course Details
Course Code ECON 7243 Course Applied Econometrics PG Coordinating Unit Economics Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Incompatible ECON 7001, ECON 3502, ECON 3530 Assessment Typically assignments, mid-term test and final exam Course Staff
Course Coordinator: Mr Akwasi Ampofo
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. Explain econometric concepts and results intuitively
2. Proficiently use STATA for econometric and statistical analysis
3. Conduct independent data analysis and inquiry using the tools of statistics and econometrics
4. Derive main econometrics results mathematically
5. Present and discuss methodology and results in groupsUniversity 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) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1-5 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
1,3,4 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
5 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
2,3,4 Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
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Learning Resources
Required Resources
Wooldridge J.M. (2016) Introductory Econometrics, 6th Edition. Cengage Learning.Recommended Resources
Angrist J.D. and Pischke J.S. (2008) Mostly Harmless Econometrics: An Empiricist's Companion. Princeton University Press.Online Learning
MyUni Course WebPage provides lecture notes, computer lecture notes, homework questions, solutions and practice exams. Please check this page frequently for important announcements and corrections. -
Learning & Teaching Activities
Learning & Teaching Modes
2 hours of weekly lectures and weekly one hour tutorials.
Students who are studying offshore are able to participate in all learning activities through online learning.
Please consider the use of Zoom or any other preferred software for your online meetings.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The standard postgraduate workload for a full-time student is 48 hours per week which equates to 12 hours per 3 unit course. This course has two hours of online lectures and one hour of tutorials each week, which means that students should undertake nine hours of self-study each week of the teaching term.Learning Activities Summary
The tentative outline of the course (subject to change) is:
1. Review of Mathematical Tools, Probability Distributions and Statistical Inference (Wooldridge: Appendices A-C)
a. Basic mathematical tools
b. Probability distribution
c. Point and interval estimation
d. Large sample properties of estimators
e. Hypothesis testing and confidence intervalslg
f. Matrices
2. Linear Regression Analysis (Wooldridge: Chapters 1-3)
a. Economic Data
b. Simple linear regression and ordinary least squares (OLS) estimation
c. Multiple linear regression
d. The properties, expected value and the variance of the OLS estimator
3. Issues in Multiple Regression Analysis (Wooldridge: Chapters 4-7)
a. Inference and hypothesis testing
b. Large sample properties of the OLS estimator
c. Other functional form
d. Goodness of fit
e. Qualitative data (Binary variables)
4. Heteroskedasticity (Wooldridge: Chapter 8)
a. Heteroskedasticity-robust inference
b. Testing for heteroskedasticity
c. Weighted least squares estimation
5. Specification and Data Issues (Wooldridge: Chapter 9)
a. Functional form misspecification
b. Proxy variables
c. Measurement errors
Subject to time availability, one or more of the following topics will be covered:
6. Panel Data (Wooldridge: Chapters 13-14)
a. Fixed effects estimation
b. Random effects estimation
7. Limited Dependent Variable Models and Sample Selection Corrections (Wooldridge: Chapter 17)
a. Logit and probit models
b. Tobit models
c. Poisson regression model
d. Models with censored and truncated data
e. Sample selection
8. Instrumental Variables Estimation and Simultaneous Equations Model (Wooldridge: Chapters 15-16)
a. Instrumental variables
b. Two-state least squares estimation
c. Simultaneity bias in OLSSpecific Course Requirements
Homework completion requires access to STATA. You may use the computer labs on campus. Please refer to http://www.adelaide.edu.au/its/student_support/labs/ for further details. If you do not have a copy on your home device, please consult Information Technology's Student Software guide.
For course related questions, students are encouraged to utilise the discussion board or the designated office hours of the lecturer and the tutor. -
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 Outcomes Oral Presentation Group 10% 1-5 Group Homeworks Group 10% 1-5 Individual Homeworks Individual 30% 1-4 Final Exam Individual 50% 1-4 Assessment Related Requirements
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.
Some assignments require to use STATA which is installed in the computer labs or may be accessed on
your personal devices. Please allow additional time for completing the assignments as the computer labs may not be
always availableAssessment Detail
No information currently available.
Submission
No information currently available.
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.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
