Econometrics

General Information

Econometrics is a sub-discipline of both statistics and economics and presents one interface between statistical theory and the real world. It provides the tools with which to test hypotheses and to generate forecasts of business activity. Topics include the classical regression model, remedial measures for violation of regression assumptions, binary choice models, panel data models and their applications. The technique such as hypothesis testing and its application will allow students to specialise in areas such as market research and other disciplines. The skills that students will develop in this subject are crucial in any applied work and will constitute an essential ingredient in most jobs in the field of business application, whether in the public or private sector.

  • Academic unit: Bond Business School
    Subject code: ECON71-200
    Subject title: Econometrics
    Subject level: Postgraduate
    Semester/Year: January 2018
    Credit points: 10.000
  • Timetable: https://bond.edu.au/timetable
    Delivery mode: Standard
    Workload items:
    • Computer Lab: x12 (Total hours: 24) - Laboratory
    • Seminar: x12 (Total hours: 24) - Seminar 1
    • Personal Study Hours: x12 (Total hours: 72) - Recommended study time & reviewing materials
    Attendance and learning activities: Attendance: Attendance is compulsory. Materials that are discussed in both lecture and lab sessions are EXAMINABLE. You run the risk of missing important material as well as crucial guidelines to work through assignment problems and exams if you do not attend.----------------------------------------------------------------------------------------------------- Use of iLearn:: Lecture notes, lab session questions, assignment / homework questions are available on iLearn. All materials are available in PDF form. The lecture and labs will be streamed using tablets and will be available in iLearn. The original powerpoint slides will not be posted in editable form due to copy right regulations. Answers to the lab sessions will be available after completing the relevant sessions. Answers to the homework questions will be available after the due date. Students should visit the announcement section in iLearn on a regular basis as new information (eg, any change in class schedule, mid-term and final exam venue, etc.) will be posted from time to time.---------------------------------------------------------------------------------------------------------- Final Exam: The final exam will cover material from the whole subject. The exam will have more weight from post-mid-term labs and lectures, but will include questions from pre-mid-term topics as well. The final exam will be scheduled and held during the Examination Week.------------------------------------------------------------------------------------------ Both mid-term and final exams will be OPEN BOOK exams. Printed materials (only) such as text book, lecture notes, labs and homework answers, etc. are allowed for the OPEN BOOK exams. Any form of electronic devices are prohibited for the Exam.-------- ------------------------------------------------------------------------------------------------------------ Lecture and Lab Streaming: Lecture / Lab Streaming and in-class handwritten notes will be available in Learn.
  • Prescribed resources:

    Books

    • Hill, R.H., William E. Griffiths and Guay C. Lim. (2011). Principles of Econometrics. 4th, John Wiley, Inc.
    • Hill, R.H., William E. Griffiths and Guay C. Lim. (2011). Using Eviews for Principles of Econometrics. 4th, John Wiley, Inc.
    After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.
    iLearn@Bond & Email: iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.

    To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Academic unit: Bond Business School
Subject code: ECON71-200
Subject title: Econometrics
Subject level: Postgraduate
Semester/Year: January 2018
Credit points: 10.000

Enrolment requirements

Requisites:

Nil
Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

No Prior Knowledge Required
Restrictions:

Nil

Assurance of learning

Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.

At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.

Program Learning Outcomes (PLOs)

Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.

Find your program

Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:

  1. Understand the Classical Linear Regression Model, its maintained assumptions and relevant properties. This model is by far the most frequently used by researcher in many disciplines such as Accounting, Economics, Finance, Marketing and Management and among others to analyse the behaviour of the variables of interest in their relevant disciplines.
  2. Apply the Classical Regression Models to decision making problems for the purpose of hypothesis testing and prediction.
  3. Learn how to determine, vis-a-vis diagnostic statistics, when the maintained assumptions of the Classical Linear Regression Model are violated and how to address the violations so that correct statistical inference can be drawn.
  4. Use econometrics package EVIEWS most frequently used by practitioners to analyse the data.

Generative Artificial Intelligence in Assessment

The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.

  • Type Task % Timing* Outcomes assessed
    Computer-Aided Examination (Open) Final Examination - in Computer Labs. Writing Answers in Exam Booklet. Software's - Eviews and Excel 50% Final Examination Period 1,2,3,4
    Computer-Aided Examination (Open) Mid-semester Examination - in Computer Labs. Writing Answers in Exam Booklet. Software's - Eviews and Excel. 30% Mid-Semester Examination Period 1,2,3,4
    Written Report Individual Assignment (due in week 4, week 6 and week 9) 20% Ongoing 1,2,3,4
    • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
    • C = Students must reach a level of competency to successfully complete this assessment.

  • Assessment criteria

    High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.
    Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.
    Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.
    Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment.
    Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.

    Quality assurance

    For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.

Type Task % Timing* Outcomes assessed
Computer-Aided Examination (Open) Final Examination - in Computer Labs. Writing Answers in Exam Booklet. Software's - Eviews and Excel 50% Final Examination Period 1,2,3,4
Computer-Aided Examination (Open) Mid-semester Examination - in Computer Labs. Writing Answers in Exam Booklet. Software's - Eviews and Excel. 30% Mid-Semester Examination Period 1,2,3,4
Written Report Individual Assignment (due in week 4, week 6 and week 9) 20% Ongoing 1,2,3,4
  • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
  • C = Students must reach a level of competency to successfully complete this assessment.

Study Information

Submission procedures

Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.

Policy on late submission and extensions

Homework assignments must be submitted at the beginning of lab session as indicated in the subject outline below. Homework submissions by email will not be entertained and it will result in zero marks. Late submission will result in zero marks.

Academic Integrity

University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.

Bond University utilises Originality Reporting software to inform academic integrity.

Feedback on assessment

Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.

Accessibility and Inclusion Support

If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.

Additional subject information

Subject curriculum

Approved on: Nov 23, 2017. Edition: 1.5
Last updated: Oct 10, 2022
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