Unit Outline

This unit provides a comprehensive introduction to the modern econometric theory used in the applied research on macroeconomics and finance. The field of econometrics is broad, and this unit represents an integration of theory, methods and examples. The objectives of this unit are to provide students with a background to enable them to understand applied econometric literature, and to provide students with experience of working with real data.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

On completion of this unit, you will be able to:


1.	Identify the theory behind applied econometrics.
2.	Apply modern econometric theory to conduct research or study in the area of applied econometrics.
3.	Critically read and analyse academic papers in applied econometrics.

Requisites


REQUISITE TYPE	REQUISITES
Pre-requisite	BEA242

Alterations as a result of student feedback

To Be Determined

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule


ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	Assignment 1	Week 6	25 %	LO1, LO2, LO3
Assessment Task 2:	Assignment 2	Week 12	25 %	LO1, LO2, LO3
Assessment Task 3:	Test	Week 14	50 %	LO1, LO2

Assessment details

Assessment Task 1: Assignment 1

Task Description:

The assignment is designed to test your understanding of what you have learned in the lectures and workshops. The assignment
requires your skills of retrieving data, using Eviews and solving problems.

Task Length:

Due Date:

Week 6

Weight:

25 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Understand the advantages and disadvantages of methodologies used in applied econometrics.	LO1
2	Identify appropriate econometric methods to empirically test on economic theories.	LO2
3	Use econometric software to analyse real data and conduct empirical test for economic theories.	LO2
4	Summarize the objectives, methods and conclusions of assigned papers.	LO3
5	Understand the methods adopted in the assigned papers.	LO3
6	Criticize the methods adopted in the assigned papers.	LO3

Assessment Task 2: Assignment 2

Task Description:

The assignment is designed to test your understanding of what you have learned in the lectures and workshops. The assignment requires your skills of retrieving data, analysing data,
using Eviews and solving problems.

Task Length:

Due Date:

Week 12

Weight:

25 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Identify the econometric issues from empirical results.	LO1
2	Identify appropriate econometric methods to empirically test on economic theories.	LO2
3	Use econometric software to analyse real data and conduct empirical test for economic theories.	LO2
4	Summarize the objectives, methods and conclusions of assigned papers.	LO3
5	Understand and criticize the methods adopted in the assigned papers.	LO3

Assessment Task 3: Test

Task Description:

This will be a take home test and is designed to test your understanding of what you have learned throughout the semester.

Task Length:

4 hours

Due Date:

Week 14

Weight:

50 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)


1	Understand the advantages and disadvantages of methodologies used in applied econometrics.	LO1
2	Identify the econometric issues from empirical results.	LO1
3	Identify appropriate econometric methods to empirically test on economic theories.	LO2

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.

Required Resources

Required reading materials

There is no prescribed text for this unit. Lecture notes and workshop questions will be available before class. We use Eviews for this unit.