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BEA242

Introduction to Econometrics

Semester 1, 2014

THIS UNIT IS BEING OFFERED IN

HOBART/DISTANCE

Unit Coordinator:

Dr Paul Blacklow

CRICOS Provider Code: 00586B

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Contents

Contact Details ……………………………………………………………………………………………………………………… Page 2

Unit Description ……………………………………………………………………………………………………………………. Page 3

Prior Knowledge &/or Skills OR Prerequisite Units ……………………………………………………………….. Page 3

Intended Learning Outcomes and Generic Graduate Attributes..………………………………………….. Page 4

Learning Expectations and Teaching Strategies Approach …………………….………………………………. Page 5

Learning Resources ……………………………………………………………………………………………………………….. Page 5

Details of Teaching Arrangements ………………………………………………………………………………………… Page 7

Assessment ………………………………………………………………………………………………………………………… Page 10

Class and Topic Schedules.…………………………………………………………………………………………………… Page 18

Contact Details

Unit Coordinator/ Lecturer Dr Paul Blacklow

Campus Hobart

Room Number Room 406, Level 4, Commerce Building

Email Paul.Blacklow@utas.edu.au

Phone 03 6226 2283

Consultation Time Tuesday and Thursday 3:00-3:50pm

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Unit Description

The goal of the unit is to develop a thorough understanding of basic econometric methods so that

the student can, at the end of this unit:

(i) Critically evaluate empirical studies in economics and finance which involve use of simple

econometric techniques in estimation and inference;

(ii) Develop an appreciation of the likely problems in data and know how to deal with them;

(iii) Obtain a good background for a further study in econometrics and applied economics.

This unit is compulsory in all majors in the Bachelor of Economics degree and in combined

Economics degrees and it is also a compulsory unit in the Finance major. This unit is the prerequisite

for BEA342 Econometrics which itself is the prerequisite for the Honours program in economics and

finance.

Prior Knowledge &/or Skills OR Pre-Requisite Unit(s)

BEA140 Quantitative Method is the pre-requisite for this unit.

In particular, students are expected to have the following knowledge/skills:

Knowledge of elementary statistics

Arithmetic skills, basic algebra skills and basic calculator operation

An ability to work with the computer

Enrolment in the Unit

Unless there are exceptional circumstances, students should not enrol in this unit after the end of

week two of semester, as the Tasmanian School of Business and Economics (TSBE) cannot guarantee

that:

any extra assistance will be provided by the teaching team in respect of work covered in the

period prior to enrolment; and

penalties will not be applied for late submission of any piece or pieces of assessment that

were due during this period.

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Intended Learning Outcomes and Generic Graduate Attributes

Intended Learning Outcomes Assessment Methods

Graduate Attribute Outcomes

The assessments and teaching activities in this unit have been designed to develop the following graduate attributes in students:

In this unit you will learn: In assessing this unit I will be looking at your ability to:

LO1: Select, specify and use appropriate data and models

A1.1 Select a mathematical/statistical model that best suits a given situation.

A1.2 Be able to develop and use econometric models

Online Quizzes

Assignment

Final Exam

Knowledge: Intermediate levels of knowledge in chosen fields of study and the ability to apply that knowledge to diverse economic/finance issues.

Knowledge: Lifelong learning skills in pursuit of professional development.

Problem-solving: The ability to think independently and logically and use economic/finance theory, models and methods.

Problem-solving: An awareness of when additional information is needed and the capacity to locate, analyse and use relevant information

LO2: Use functional knowledge of the assumptions of quantitative models

A2.1 Define the assumptions underpinning econometric modelling

A2.2 Test and discuss the underlying assumptions of econometric modelling

A2.3 Identify the causes of violations of the assumptions underpinning econometric modelling

Online Quizzes

Assignment

Final Exam

Knowledge: Intermediate levels of knowledge in chosen fields of study and the ability to apply that knowledge to diverse economic/finance issues.

Problem-solving: The ability to analyse economic/finance behaviour and solve a range of economic/finance problems.

Problem-solving: The ability to think independently and logically and use economic/finance theory, models and methods.

LO3: Use sample information to draw conclusions about the population

A3.1 Formulate testable hypotheses

A3.2 Select appropriate test statistic for hypothesis testing

A3.3 Conduct hypothesis tests

A3.4 Draw conclusions from hypothesis tests

Online Quizzes

Assignment

Final Exam

Knowledge: Intermediate levels of knowledge in chosen fields of study and the ability to apply that knowledge to diverse economic/finance issues.

Problem-solving: The ability to think independently and logically and use economic/finance theory, models and methods.

LO4: Master time and risk in quantitative models

A4.1 Interpret time series econometric models

A4.2 Construct forecasts and forecast errors

Online Quizzes

Assignment

Final Exam

Knowledge: Intermediate levels of knowledge in chosen fields of study and the ability to apply that knowledge to diverse economic/finance issues.

Problem-solving: The ability to think independently and logically and use economic/finance theory, models and methods.

LO5: Interpret and communicate output from quantitative models

A5.1 Present information using summary statistics, tables and graphs

A5.2 Communicate quantitative information and findings

A5.3 Produce policy advice based on statistical analysis

Assignment

Final Exam

Communication skills: Written communication skills, including the ability to clearly explain graphs, data, statistics and algebra, in a manner appropriate to the audience.

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Learning Expectations and Teaching Strategies/Approach The University is committed to a high standard of professional conduct in all activities, and holds its

commitment and responsibilities to its students as being of paramount importance. Likewise, it

holds expectations about the responsibilities students have as they pursue their studies within the

special environment the University offers. The University’s Code of Conduct for Teaching and

Learning states:

Students are expected to participate actively and positively in the teaching/learning

environment. They must attend classes when and as required, strive to maintain steady

progress within the subject or unit framework, comply with workload expectations, and

submit required work on time.

Occupational Health and Safety (OH&S) The University is committed to providing a safe and secure teaching and learning environment. In addition to specific requirements of this unit you should refer to the University’s policy at: http://www.utas.edu.au/work-health-safety/

Learning Resources

Prescribed Text The prescribed textbook, available from the Co-op Bookshop or www.coop-bookshop.com.au is:

Asteriou and Hall, Applied Econometrics (2nd Edition), Palgrave-Macmillan, 2011. ISBN 9780230271821.

Recommended Texts

Many students find it useful to consult alternative references as part of their study program. Some useful alternative references are:

Hill, Griffiths & Lim, Principles of Econometrics, 4th edition, John Wiley, 2011 Stock & Watson, Introduction to Econometrics, 3rd edition, Addison Wesley, 2010 Wooldridge, Introductory Econometrics, 4th edition, South-Western College, 2008

Required Equipment and Software Students must ensure that they have access to the following equipment and software:

• Computer with Internet access • Internet Browser compatible to UTAS’s MyLO. • Word processing software. • Econometric software - EViews

The equipment and software is provided to students in TSBE Computer Lab (SB.Comm206.CompLab3) on the 2nd floor of the Commerce and Economics Building. The econometrics software, EViews is required in order for students to complete questions in Workshops and Assignments in this unit. In addition student studying by distance in order to participate in the online workshop must also have a:

• Webcam, microphone, Skype account

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Useful Websites The prescribed text’s website http://www.palgrave.com/economics/asteriou2/students/ The econometrics software’s website http://www.eviews.com

My Learning Online (MyLO) This unit is [web supported/web dependent/fully online], and access to the online MyLO unit is required. Log into MyLO at: http://www.utas.edu.au/learning-teaching-online and then select BEA242 Introduction to Econometrics from the list of units. For help using MyLO go to http://www.utas.edu.au/learning-teaching-online/new-mylo/home .

Technical requirements for MyLO

For help and information about setting up your own computer and web browser for MyLO, see: http://uconnect.utas.edu.au/

You can access the University network and MyLO via a laptop computer or other mobile device. See: http://uconnect.utas.edu.au/uana.htm

MyLO can be accessed in the Library computers and in computer labs. See: http://www.utas.edu.au/it/computing-distributed-systems/computer-labs-facilities-and-locations

For further technical information and help, contact the UTAS Service Desk on 6226 1818 or at http://www.utas.edu.au/service-desk/

MyLO Expectations 1. Students are expected to maintain the highest standards of conduct across all modes of

communication, either with staff or with other students. Penalties may be imposed if the Unit Coordinator believes that, in any instance or mode of communication, your language or content is inappropriate or offensive. MyLO is a public forum. Due levels of respect, professionalism and high ethical standards are expected of students at all times.

2. Submission of assessment tasks via MyLO presumes that students have read, understood and abide by the requirements relating to academic conduct, and in particular, those requirements relating to plagiarism. All work submitted electronically is presumed to be “signed-off” by the student submitting as their own work. Any breach of this requirement will lead to student misconduct processes.

3. MyLO is an Internet service for teaching and learning provided by the University. It is expected that at least once a day students will check MyLO.

Student Feedback via eVALUate At the conclusion of each unit students will be asked to provide online responses to a number of matters relating to the learning and teaching within that unit. All students are asked to respond honestly to these questions, as all information received is used to enhance the delivery of future offerings.

Changes to this Unit Based on Previous Student Feedback On the basis of feedback received from students the unit has changed the textbook.

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Details of Teaching Arrangements (for attending students)

Lectures

Lectures are held weekly, beginning in week 1 on:

Tuesdays 1:00pm to 2:50pm in Commerce Lecture Theatre 2 (SB.AX33.L01.108)

Lecture notes are also available on MyLO prior to each lecture. Lectures are recorded in video and audio format and made available on MyLO and/or MyMedia Service. The recordings are typically available a few hours after the lecture is recorded, which for BEA242 this year will be approximately at 6pm on Tuesday evenings each week.

These on their own are not an adequate substitute for attending the lecture and taking your own lecture notes. It is recommended that you have a copy of the lecture notes with you when you are attending the lecture and use these as a basis for your own note-taking or annotation. Developing lecture notes is your own responsibility in this unit.

Workshops

Workshops are provided primarily to improve your understanding of the unit’s material. These will be held in each teaching week commencing in Week 2.

Workshop exercises will be uploaded on MyLO a week before the first workshop. Students must access the workshops exercises on MyLO prior to their workshop, and must bring these questions with them to the workshops and be ready to participate. Some questions will be designed to promote discussion; others will involve guided problem solving.

To benefit most from the workshops, you should come well prepared and should already have attempted the workshop exercises. Solutions to the workshop exercises will be put on MyLO on Sunday midnight before each workshop for the week is held. This is so students may check their answers so that workshops may focus on the questions students have difficulty with. Missing the workshop classes and relying on reading the workshop solutions is a flawed learning approach that in the past has resulted in students under-performing or failing the unit.

There are three alternate workshop times

WS1 – Tuesday 4:00pm to 4:50pm in SB.AZ16.L03.371 (SB.Hum371 Video Conference Rm)

WS2 – Thursday 11:00am to 11:50am in SB.AX33.L05.204 (SB.Comm204 Tutorial Room)

WS3 – Thursday 12:00am to 12:50am in SB.AX33.L05.511 (SB.Comm511 Tutorial Room)

All students need to be assigned to a Workshop. Students will find the ‘Workshop Group Sign-up’ sheets on the BEA242 MyLO site.

1. Select the icon «Workshop Groups – Sign Up Sheets». A list containing the time, day of week and room information for each group will be displayed.

2. Click the « Sign Up » button on the left hand side of the screen of the group you wish to attend.

3. You will receive a message confirming your sign up.

4. Once you have made your choice you will no longer have access to the Workshop Group Sign-up sheets, so make your selection carefully.

Workshop group changes will only be considered under exceptional circumstances

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Details of Teaching Arrangements (Distance Students)

Lecture Recordings

There will be 13 two-hour lectures during the semester commencing weekly in Week 1. The lecture will cover the core examinable material in the unit.

Lectures are recorded in video and audio format and made available on MyLO and/or MyMedia Service. The recordings are typically available a few hours after the lecture is recorded, which for BEA242 this year will be approximately at 6pm on Tuesday evenings each week.

Detailed module notes are also available on MyLO prior to each lecture. These on their own are not an adequate substitute for accessing the lecture recordings and taking your own lecture notes. It is recommended that you have a copy of the module notes with you when you are accessing the recorded lecture and use these as a basis for your own note-taking or annotation. Developing lecture notes is your own responsibility in this unit.

Online Workshop

Workshops are provided primarily to improve your understanding of the unit’s material. The online workshop will be held Tuesday 4:00pm to 4:50pm each teaching week via Skype and Elluminate, commencing in Week 2.

Students must have computer with internet access, create Skype account and install the free Skype software from www.skype.com and have a webcam and microphone in order to participate in the online workshops.

Details on how to access Elluminate and what needs to be done prior to your first session are available on the BEA242 MyLO page. Elluminate on-line workshops are recorded and may be accessed at a later date, however it is not possible to actively participate in these recordings.

Workshop exercises will be uploaded on MyLO a week before the first workshop. Students must access the workshops exercises on MyLO prior to their workshop, and must bring these questions with them to the workshops and be ready to participate. Some questions will be designed to promote discussion; others will involve guided problem solving.

To benefit most from the workshops, you should come well prepared and should already have attempted the workshop exercises. Solutions to the workshop exercises will be put on MyLO on Sunday midnight before each workshop for the week is held. This is so students may check their answers so that workshops may focus on the questions students have difficulty with. Missing the workshop classes and relying on reading the workshop solutions is a flawed learning approach that in the past has resulted in students under-performing or failing the unit.

Distance Study Skills The University of Tasmania offers distance students a number of valuable resources to help succeed in their studies. You should complete the online orientation: http://www.utas.edu.au/orientation/ Resources are also available at: http://www.learningsupport.utas.edu.au/Resources.htm and on the library website.

Learning Expectations and Strategies How will you approach studying in this unit? Note this section is aimed primarily at Distance students, but the comments apply generally to all students.

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You will see when you look at the MyLO site that the unit is divided into weekly headings, which in turn contains the weekly material. Whilst you can timetable your progress through these topics to suit your other commitments and at your own pace (i.e. the quantity and spread of hours per week is entirely up to you), you should note that assessment deadlines are not at all flexible. You will need to have studied all the relevant topics before your assessment deadline, so it is strongly recommended that you work through the unit at a pace no slower than one topic per week. It is very important that you understand that in this unit you must proceed through the materials in order; the knowledge that you gain from one topic will be essential as you move on to the next topic. It is therefore very risky to get too far behind in this unit. You will not be able to just get involved in the unit half way through the semester and think that you can forget about the first few topics. These are the steps that you should follow as you tackle each topic:

Read through the resources that introduces the topic, identifies the learning objectives for the topic, and provides you with the details of what you need to do the week.

Scan through the material relevant for the topic. This material is NOT a substitute for reading the text or working problems or watching lecture recordings, but they will give you an idea of what to expect in the topic.

Read the required text book passages/chapter(s). Do not dwell on information you do not understand during first readings – the lectures will help clarify your learning, but only if you have undertaken the preparation.

Watch the recorded lecture. The lectures that are given to students taking the unit in face-to-face mode on the Hobart campus will be recorded and posted on MyLO weekly.

Solutions to workshop questions will be posted on MyLO on Sunday midnight before each workshop for the week is held. You are strongly advised not to just wait until the solutions are posted before looking at these activities.

Participate in the on-line workshops weekly. Watch any recorded workshop sessions. These sessions will provide you with the opportunity to practise procedures shown to you in the previous week’s lecture.

It is very important that you check your understanding of each topic before moving onto the next, and resolving any outstanding items of confusion with further reading/practice and/or discussion.

Online Activities (Attending and Distance) All students must complete online quizzes on the BEA242 MyLO site in order to achieve marks for this component of assessment. Students must submit their assignment on line via the BEA242 MyLO site.

English Assist

To assist you to be successful with your studies at UTAS you will find valuable information on the

International Student Support website: http://www.utas.edu.au/international-support/studying-at-

utas. Students have found in particular the information on: Assignment Writing and Academic Skills,

to be very helpful with assignment tasks.

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Communication, Consultation and Appointments Email Correspondence: Students are also expected to check their UTAS email site on a regular basis (at least three times a week). Students submitting requests or queries to staff via email must include the Unit code (i.e. BEA242) at the start of the subject header and then the subject (for example BEA242 Query about Lecture 1 Notes ). Students must also provide very clearly their: Family name: Preferred name; Student ID; Unit code (i.e. BEA242) and allow teaching staff at least two (2) business days to reply. Staff are not required to respond to emails in which students do not directly identify themselves, which are threatening or offensive, and that come from external (non-UTAS) email accounts. Students are advised not to have their UTAS email forwarded to an external email service (such as Gmail or Hotmail). In the past there have been significant issues where this has occurred, resulting in UTAS being blacklisted by these email providers for a period of up to one month. Consultation and Appointment: All students are able to consult the lecturers on an individual or small group basis during office hours or by appointment. Students experiencing difficulty in the unit are urged to make use of this service early in the semester. Where possible please respect these office and appointment hours and make sure that you have tried to solve problems before seeking individual assistance.

Students may consult with Dr Paul Blacklow during his office hours on Tuesday and Thursday 3:00 to 3:50pm without appointment in Room 406, Level 4, Commerce and Economics Building. Appointments must be made to see the lecturer at all other times. To arrange an appointment email Paul.Blacklow@utas.edu.au at least a day in advance and wait for a response confirming your appointment. Dr Blacklow is unavailable for appointments and may not be able to respond to emails on Mondays.

Assessment

Assessment Schedule

Assessment Items Due Date Value/Weighting Link to Learning Outcomes

5 Online Quizzes Week 3, 5, 7, 9,12 5 x 4% = 20% LO1, LO2, LO3, LO4

Assignment Week 11 Friday 2pm 16 May

20% LO1, LO2, LO3, LO4, LO5

Final Exam Exam period 60% LO1, LO2, LO3, LO4, LO5

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Online Quizzes

Task Description: There are five (5) quizzes to be completed on line via MyLO in weeks 3,5,7,9

and 12. Each quiz can be sat once anytime within the time it is available (see

Due Date below). You will have 35 minutes to complete each quiz on MyLO.

Each will comprise 10 multiple-choice questions.

Task Length 30 minutes + 5 minutes reading time = 35 minutes

Assessment Criteria: A1.1, A1.2,

A2.1, A2.2, A2.3,

A3.1, A3.2, A3.3, A3.4,

A4.1, A4.2

Link to Unit’s

Learning Outcomes:

LO1, LO2, LO3, LO4, LO5

Due Date: Quiz 1 – Available 9am Wed 12 March to 12am midnight Sun 16 March Quiz 2 – Available 9am Wed 26 March to 12am midnight Sun 30 March Quiz 3 – Available 9am Wed 9 April to 12am midnight Sun 13 April Quiz 4 – Available 9am Wed 30 April to 12am midnight Sun 4 May Quiz 5 – Available 9am Wed 21 May to 12am midnight Sun 25 May

Value: 5 x 4% = 20%

Assignment

Task Description: This applied econometric study and report is designed to develop your ability to use econometric software and apply skills of sound econometric modelling and testing. It will also develop your ability to present econometric arguments and analysis clearly. Detailed guidelines and instructions will be posted on MyLO. This assignment may be completed and the report submitted as a group of up to 3 students.

Task Length Approximately 10-30 pages (including tables, references, appendices).

Approximately 20-60 hours.

Assessment Criteria: A1.1, A1.2,

A2.1, A2.2, A2.3,

A3.1, A3.2, A3.3, A3.4,

A4.1, A4.2,

A5.1, A5.2, A5.3

Link to Unit’s

Learning Outcomes:

LO1, LO2, LO3, LO4, LO5

Due Date: Week 11, 2.00pm, Friday 16th May

Value: 20%

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Final Exam

Task Description: Section A – Multiple choice questions

Section B – Multi-part problem solving questions

Task Length 3 Hours

Link to Unit’s

Learning Outcomes: LO1, LO2, LO3, LO4, LO5

Due Date: Examination Period

Value: 60%

Your final examination for this unit will be held during the scheduled examination period as indicated by Student Administration in correspondence to you. Examinations will normally be scheduled Monday to Saturday inclusive. Examinations may be held during the day or evening and students should consult the university information which will be made available towards the end of semester. You are advised to make any necessary arrangements with employers now for time off during the examination period to sit this examination. Your participation at the scheduled time is not negotiable unless there are exceptional circumstances. Note that you will be expected to sit the examination at your recorded study centre. To find out more go to the Exams Office website: http://www.utas.edu.au/exams/home .

How Your Final Result Is Determined.

Your final mark for this unit is determined by your internal assessment (40%) and your examination mark (60%). In order to pass this unit your final total mark (i.e., the sum of internal and examination mark) must be 50% or higher. Final marks may be moderated.

Submission of Assessment Items

Lodging Assessment Items Assignments must be submitted electronically through the relevant assignment drop box in MyLO. All assessment items must be handed in by 2.00pm on the due date. Where appropriate, unit coordinators may also request students submit a paper version of their assignments. All assignments must have a TSBE Assignment Cover Sheet, which is available as a blank template from the TSBE website: [http://www.utas.edu.au/business-and-economics/student-resources]. All assignments must include your name, student ID number, workshop day/time, and your tutor’s name. If this information is missing the assignment will not be accepted and, therefore, will not be marked. Please remember that you are responsible for lodging your assessment items on or before the due date. We suggest you keep a copy. Even in ‘perfect’ systems, items sometimes go astray.

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Late Assessment and Extension Policy In this Policy

(a) ‘day’ or ‘days’ includes all calendar days, including weekends and public holidays;

(b) ‘late’ means after the due date and time; and

(c) ‘assessment items’ includes all internal non-examination based forms of assessment

2. This Policy applies to all students enrolled in the Tasmanian School of Business and Economics Units at whatever Campus or geographical location.

3. Students are expected to submit assessment items on or before the due date and time specified in the relevant Unit Outline. The onus is on the student to prove the date and time of submission.

4. Students who have a medical condition or special circumstances may apply for an extension. Requests for extensions should, where possible, be made in writing to the Unit Coordinator on or before the due date. Students will need to provide independent supporting documentation to substantiate their claims.

5. Late submission of assessment items will incur a penalty of 10% of the total marks possible for that piece of assessment for each day the assessment item is late unless an extension had been granted on or before the relevant due date.

6. Assessment items submitted more than five (5) days late will not be accepted.

7. Academic staff do NOT have the discretion to waive a late penalty, subject to clause 4 above.

Academic Referencing and Style Guide In your written work you will need to support your ideas by referring to scholarly literature, works of art and/or inventions. It is important that you understand how to correctly refer to the work of others and maintain academic integrity.

Failure to appropriately acknowledge the ideas of others constitutes academic dishonesty (plagiarism), a matter considered by the University of Tasmania as a serious offence.

The appropriate referencing style for this unit is: the Harvard style. For information on presentation of assignments, including referencing styles: http://utas.libguides.com/referencing

Remember to also include your data sources in your references.

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Review of Assessment and Results

Review of Internal Assessment It is expected that students will adhere to the following policy for a review of any piece of continuous/internal assessment. The term continuous/internal assessment includes any assessment task undertaken across the teaching phase of any unit (such as an assignment, a tutorial presentation, and online discussion, and the like), as well as any capstone assignment or take-home exam. Within five (5) days of release of the assessment result a student may request a meeting with the assessor for the purpose of an informal review of the result (in accordance with Academic Assessment Rule No. 2 Clause 22 – www.utas.edu.au/university-council/university-governance/rules). During the meeting, the student should be prepared to discuss specifically the marks for the section(s) of the marking criteria they are disputing and why they consider their mark(s) is/are incorrect. The assessor will provide a response to the request for review within five (5) days of the meeting. If the student is dissatisfied with the response they may request a formal review of assessment by the Head of School, with the request being lodged within five (5) days of the informal review being completed. A Review of Internal Assessment Form must be submitted with the formal review (http://www.studentcentre.utas.edu.au/examinations_and_results/forms_files/review_of_assessment.pdf).

Review of Final Exam/Result In units with an invigilated exam students may request a review of their final exam result. You may request to see your exam script after results have been released by completing the Access to Exam Script Form, which is available from the TSBE Office, or at the following link – http://www.utas.edu.au/business-and-economics/student-resources. Your unit coordinator will then contact you by email within five (5) working days of receipt of this form to go through your exam script. Should you require a review of your final result a formal request must be made only after completing the review of exam script process list above. To comply with UTAS policy, this request must be made within ten (10) days from the release of the final results (in accordance with Academic Assessment Rule No. 2 Clause 22 – www.utas.edu.au/university-council/university-governance/rules). You will need to complete an Application for Review of Assessment Form, which can be accessed from www.studentcentre.utas.edu/examinations_an_results/forms_files/review_of_assessment.pdf. Note that if you have passed the unit you will be required to pay $50 for this review. The TSBE reserves the right to refuse a student request to review final examination scripts should this process not be followed.

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Further Support and Assistance If you are experiencing difficulties with your studies or assessment items, have personal or life-planning issues, disability or illness which may affect your study then you are advised to raise these with your lecturer or tutor in the first instance. If you do not feel comfortable contacting one of these people, or you have had discussions with them and are not satisfied, then you are encouraged to contact the Director of Undergraduate Programs:

Name: David Kronenberg Room: Room 407, Level 4, Commerce Building Phone: (03) 6226 2280 Email: David.Kronenberg@utas.edu.au

Students are also encouraged to contact their Undergraduate Student Adviser who will be able to help in identifying the issues that need to be addressed, give general advice, assist by liaising with academic staff, as well as referring students to any relevant University-wide support services. Please refer to the Student Adviser listings at www.utas.edu.au/first-year/student-advisers for your advisers contact details. There is also a range of University-wide support services available to students, including Student Centre Administration, Careers and Employment, Disability Services, International and Migrant Support, and Student Learning and Academic Support. Please refer to the Current Students website (available from www.utas.edu.au/students) for further information. If you wish to pursue any matters further then a Student Advocate may be able to assist. Information about the advocates can be accessed from www.utas.edu.au/governance-legal/students-complaints . The University also has formal policies, and you can find out details about these policies from the following link – www.utas.edu.au/governance-legal/student-complaints/how-to-resolve-a-student-complaint/self-help-checklist.

Academic Misconduct and Plagiarism Academic misconduct includes cheating, plagiarism, allowing another student to copy work for an assignment or an examination, and any other conduct by which a student:

(a) seeks to gain, for themselves or for any other person, any academic advantage or advancement to which they or that other person are not entitled; or

(b) improperly disadvantages any other student.

Students engaging in any form of academic misconduct may be dealt with under the Ordinance of Student Discipline. This can include imposition of penalties that range from a deduction/cancellation of marks to exclusion from a unit or the University. Details of penalties that can be imposed are available in the Ordinance of Student Discipline – Part 3 Academic Misconduct, see http://www.utas.edu.au/universitycouncil/legislation/. Plagiarism is a form of cheating. It is taking and using someone else’s thoughts, writings or inventions and representing them as your own, for example:

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using an author’s words without putting them in quotation marks and citing the source;

using an author’s ideas without proper acknowledgment and citation; or

copying another student’s work.

using ones’ own work from previously submitted assessment items if repeating a unit. If you have any doubts about how to refer to the work of others in your assignments, please consult your lecturer or tutor for relevant referencing guidelines, and the academic integrity resources on the web at http://www.academicintegrity.utas.edu.au/ The intentional copying of someone else’s work as one’s own is a serious offence punishable by penalties that may range from a fine or deduction/cancellation of marks and, in the most serious of cases, to exclusion from a unit, a course, or the University. The University and any persons authorised by the University may submit your assessable works to a plagiarism checking service, to obtain a report on possible instances of plagiarism. Assessable works may also be included in a reference database. It is a condition of this arrangement that the original author’s permission is required before a work within the database can be viewed. For further information on this statement and general referencing guidelines, see http://www.utas.edu.au/plagiarism/ or follow the link under ‘Policy, Procedures and Feedback’ on the Current Students homepage.

BEA242 Introduction to Econometrics, Unit Outline, S1, 2014

17

Class Schedule

Week Beginning Workshops Lecture Assessment

1 24 Feb Lecture 1 (25 Feb)

2 3 Mar WS1 Exercises Lecture 2 (4 Mar)

3 10 Mar WS2 Exercises Lecture 3 (11 Mar) Online Quiz 1 (closes 16 Mar)

4 17 Mar WS3 Exercises Lecture 4 (18 Mar)

5 24 Mar WS4 Exercises Lecture 5 (25 Mar) Online Quiz 2 (closes 30 Mar)

6 31 Mar WS5 Exercises Lecture 6 (1 Apr)

7 7 Apr WS6 Exercises Lecture 7 (8 Apr) Online Quiz 3 (closes 13 Apr)

8 14 Apr WS7 Exercises Lecture 8 (15 Apr)

Easter Break from Friday April 18 to Sunday April 27

9 28 Apr WS8 Exercises Lecture 9 (29 Apr) Online Quiz 4 (closes 4 May)

10 5 May WS9 Exercises Lecture 10 (6 May)

11 12 May WS10 Exercises Lecture 11 (13 May) Assignment (Due 2pm 16 May)

12 19 May WS11 Exercises Lecture 12 (20 May) Online Quiz 5 (closes 25 May)

13 26 May WS12 Exercises Exam Info (27 May)

Study 2 June Swot Vac Swot Vac

Exams 7 – 24 June Final Exam (TBA)

BEA242 Introduction to Econometrics, Unit Outline, S1, 2014

18

Topic Schedule

Lecture/Workshop/ Week

Topic Readings

1

Unit Outline

Introduction to Econometrics

Review of probability and statistics – Part 1

Unit Outline

A&H Ch 1

A&H Ch 2

2

Review of probability and statistics – Part 2

Simple Regression

A&H Ch 3

3

Hypothesis Testing and Interval Estimation

A&H Ch 3

4

Prediction and Goodness of Fit and Functional Form

A&H Ch 3

5

Introduction to Multiple Regression and Matrix Algebra

A&H Ch 4

6

More Multiple Regression A&H Ch 4

7

Dummy variables A&H Ch 9

8

Functional Form in Multiple Regression A&H Ch 8

Mid Semester Break (18 April to 25 April 2014)

9

Model Specification A&H Ch 8

10

Multicollineariity

A&H Ch 5

11

Heteroskedasticity A&H Ch 6

12

Autocorrelation and Time Series Regression

A&H Ch 7 A&H Ch 16-17

13

Review and Exam Information

Exam Period (7 June to 24 June 2014)