ETC2410 Introductory Econometrics
(Sem 1 2021)
Difficulty:
Year Completed: Semester 1, 2021
Prerequisite: ETC1000
(or ETW1001, or ETB1100, or FIT1006, or SCI1020, or ETF1100, or STA1010)
Exemption: N/A (prerequisite for other units)
Mean Setu Score: 77.4%
Clarity of Learning Outcomes: 77.2%
Clarity of Assessments: 76.4%
Feedback: 70.8%
Resources: 76.4%
Engagement: 82.0%
Satisfaction: 73.2%
Subject Content:
Lecture(s) and Tutorial(s):
Textbook(s):
Assessments:
Topics included the mathematics behind OLS, regressions and
analysis of regressions, conditions required to use OLS method,
seasonality in data and how to test and overcome,
heteroskedasticity and how to test for it.
1 x 2 hour lecture
1 x 1.5 hour tutorial
Introductory Econometrics: A Modern Approach – not used at all.
Group Assignment 30%
Mid Semester Quiz 15%
Attendance 5%
Final Exam 50%
Comments
The content was fairly straightforward and easy to grasp if tutors
and lecturers are questioned properly where it does not make
sense. Attend all tutorials and always question tutors as it proves
to be very helpful in the end. It is important you understand the
fundamentals of this subject as the concepts will be applied
later on in the degree.
The lectures were extremely theory based and not very engaging.
Extensive detail into the math behind statistical theory was
explained although often not actively assessed.
The tutorials were extremely helpful and vital for the
understanding of the unit and very engaging. The tutorials were
structured so as you would follow the questions with the tutor in
real time. Although the time constraint of 1.5 hours led to the
tutorials often being rushed. If one step was missed, getting back
on track would be quite cumbersome, therefore being prepared
early is very important tip in order to stay on top.
The assessment acts as a good revision leading up to the final
exam as it helps identify how well you have grasped theory and
puts the tutorial work into practice. Those who were not engaging
in the group project found the final exam extremely challenging.
The group project requires a report which utilizes the skill and
understanding of carrying out regressions and testing hypothesis
as well as testing for statistical issues such as homoscedasticity
and seasonality.
Engage in the group project as most if it leads up into the finals.
DO NOT get anxious about the starting math as you only require
the understanding of it and the identification of some basic set
equations.
General Overview:
Lectures:
Tutorials:
Assessments/Other Assessments
Concluding Remarks