ECON 2504 - Intermediate Econometrics II

North Terrace Campus - Semester 1 - 2014

This course provides an introduction to the econometric techniques used to analyse data sets in economics, business and finance. It builds on basic statistics, inference and regression as covered in introductory statistics courses. The focus is on understanding the methods involved, using statistical software to provide the results and then interpreting and commenting on these results. The course reviews basic statistics, regression and inference, and then introduces multiple regression analysis, which remains the most commonly used statistical technique in econometrics. The remainder of the course considers various practical aspects of linear regression models and may include dummy variables, different functional forms and the consequences of violation of the classical regression assumptions.

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Course Details

Course Code	ECON 2504
Course	Intermediate Econometrics II
Coordinating Unit	Economics
Term	Semester 1
Level	Undergraduate
Location/s	North Terrace Campus
Units	3
Contact	Up to 4 hours per week. Intensive in Summer Semester.
Prerequisites	ECON 1008 or STATS 1000 or equivalent
Incompatible	ECON 2006 & STATS 2002, STATS 2003 & MATHS 2103
Assumed Knowledge	ECON 1004, ECON 1000, Maths as taught in ECON 1005
Assessment	Typically, tutorial participation &/or exercises, assignments, tests & final exam

Course Staff

Course Coordinator: Patricia Sourdin

Semester 1
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 4927

Semester 2
Course Coordinator: Dr Patricia Sourdin
Email: patricia.sourdin@adelaide.edu.au
Office hours: TBA
Office location: Nexus 10, Level 4, Room 4.06
Telephone: 8313 1175

Course Timetable

The full timetable of all activities for this course can be accessed from .

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

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

University 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

TEXT BOOK(S)
The required textbook is Principles of Econometrics, 4thEdition, Wiley by R. Carter Hill, William E. Griffits and Guay C. Lim.

Recommended Resources

The recommended book to accompany the required text is Using Stata for Principles of Econometrics, 4th Edition, by Adkins and Hill.

Online Learning

provides lecture notes and other course materials. Please check this page frequently for important announcements and corrections.
Learning & Teaching Activities

Learning & Teaching Modes

Classes will meet three times a week: twice for a 1-hour lecture on Tuesday 2-3pm at Napier 102 Lecture Theatre and Thursday 3-4pm at The Braggs, G76 Bragg Lecture Theatre, and once for a 2-hour tutorial depending on the time slot students sign up for. Office hours will be held by the lecturer on Monday 4-5pm or by appointment only. Office hours with tutors will be announced in due course. Please adhere strictly to the designated office hours.

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 four hours of lectures and tutorials each week, which means that students should undertake eight 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

The course is held from 3 March to 10 June 2014. There are two one-hour lectures per week and one two-hour tutorial per week. The full timetable of all activities for this course can be accessed from the Course Planner at

The required textbook is Principles of Econometrics, 4th Edition, Wiley by Hill, Griffiths and Lim (HGL). Another useful book, but not required for the course, is Using Stata for Principles of Econometrics by Adkins and Hill.

The tentative outline of the course (subject to change) is:

1. Introduction to Econometrics (HGL chapter 1)

2. Introduction to Basic Statistics and Probability (Probability Primer)

3. The Simple Linear Regression Model (Chapter 2)

4. Interval Estimation and Hypothesis Testing (Chapter 3)

5. Prediction, Goodness of Fit and Modeling Issues (Chapter 4)

6. The Multiple Linear Regression Model (Chapter 5)

7. Further Inference in the Multiple Regression Model (Chapter 6)

8. Using Indicator Variables (Chapter 7)

9. Heteoskedasticity (Chapter 8)

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.

For course related questions, students are encouraged to utilise the designated office hours of the lecturer. Questions over the telephone are strongly discouraged.

The University'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:

Homework assignments and class participation	10%
Mid-term test	30%
Final examination	60%

Unless informed otherwise, the mid-term test will be scheduled on Week 7 (Tuesday, 29 April 2014) during the 2-3pm lecture. Unless instructed otherwise, students are permitted to bring in an A4 size cheat sheet with both sides written for the mid-term test and final exam.

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

Submission of the assignments is required as per instructions on MyUni.

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 .

Student Feedback

The University 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 University 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.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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.

The 成人大片 is committed to regular reviews of the courses and programs it offers to students. The 成人大片 therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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