ECON 3502 - Econometrics III
North Terrace Campus - Semester 1 - 2014
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General Course Information
Course Details
Course Code ECON 3502 Course Econometrics III Coordinating Unit Economics Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Prerequisites ECON 2006 or ECON 2504 Incompatible ECON 3013. Not permitted to be undertaken after ECON 3507 Econometric Theory III Assessment Typically mid-semester exam & final exam Course Staff
Course Coordinator: Dr Nicholas Sim
Office hours: will be held by the lecturer on Monday 4-5pm or by appointment only
Office location: Nexus 10, Level 4, Room 4.46
Telephone: 8313 4927Course Timetable
The full timetable of all activities for this course can be accessed from .
The course is held from 5 March to 11 June 2014. There is a 2-hour lecture and a 1- hour tutorial per week. During the semester, the lecture is held every Wednesday, 2-4pm, at Napier LG29 Lecture Theatre.
The full timetable of all activities for this course can be accessed from the Course Planner at The required textbook is J.M. Wooldridge, Introductory Econometrics, 5th Edition, South-Western 2012. 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 intervals
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 4-6)
a. Inference and hypothesis testing
b. Large sample properties of the OLS estimator
c. Other functional form
d. Goodness of fit
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 7)
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 OLS
d. Identifying and estimation a structural equation -
Learning Outcomes
Course Learning Outcomes
The course aims to achieve the following outcomes. It will provide students:
1. with knowledge on the fundamentals of econometrics and its application
2. with knowledge and proficiency on the use of statistical packages for econometric and statistical analysis
3. with the ability to conduct independent data analysis and inquiry using the tools of statistics and econometrics最新糖心Vlog Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
最新糖心Vlog Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1,2 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1,2 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1,2 A proficiency in the appropriate use of contemporary technologies. 2,3 -
Learning Resources
Required Resources
The required textbook is:
J.M. Wooldridge, Introductory Econometrics, 5th Edition, South-Western 2012Online Learning
MyUni Course WebPage provides lecture notes, computer lecture notes, homework questions and solutions. Please check this page frequently for important announcements and corrections. -
Learning & Teaching Activities
Learning & Teaching Modes
Classes will meet twice times per week, for a 2-hour lecture and a 1- hour tutorial. During the semester, the lecture is held every Wednesday, 2-4pm, at Napier LG29 Lecture Theatre. Students are expected to be present for all lectures and actively participate in all tutorial activities. The lecturer will hold office hours on Wednesday, 4-5PM, except for breaks and holidays, with additional hours held by the tutor.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The standard undergraduate 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 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.
Weekly homework assignments are issued each week. The lecturer will choose two of the weekly homework to be submitted and graded. All students may be asked to present their solutions during each tutorial session.
Learning Activities Summary
See the list of topics above which include suggested readings.Specific Course Requirements
Homework completion may require access to STATA. If you do not have STATA at home, you may use the computer labs on campus. Please refer to for further details.
Students may discuss homework assignments among themselves. Homework assignments may be submitted individually or as a group of two students belonging to the same tutorial session. If an assignment is turned in as a group, students in the same group will receive the same score.
For course related questions, students are encouraged to utilise the designated office hours of the lecturer and the tutor. Questions over the telephone are strongly discouraged. Students may utilise the online forum of MyUni.
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Assessment
The 最新糖心Vlog'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
Students will be assessed based on the following criteria:
Homework assignments 10% Mid-term test 30% Final examination 60%
Unless informed otherwise, the mid-term test will be scheduled on Week 7, Wednesday, 30 April 2014, during the lecture time slot.Assessment Related Requirements
Attendance in class and tutorials is required.Assessment Detail
Homework will be posted each week. The lecturer will choose two of the weekly homework assignments to be submitted and graded. For homework to be turned in, missed or late submissions will not be accepted and will be graded 0. Supplementary test or examination will not be given to replace the missed ones. Unless there are valid reasons and documentations, missed test or examination will be graded 0. Please refer to the Modified Arrangements for Coursework Assessment Policy (and the Schedule to the Policy) for further details about eligibility and application forms.
Submission
All tutorial assignments should be submitted to the tutors during tutorial sessions on the due date.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 .
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Student Feedback
The 最新糖心Vlog 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 最新糖心Vlog 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
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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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
- 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鈥檚 disciplinary procedures.
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