ECON 3502 - Econometrics III
North Terrace Campus - Semester 1 - 2020
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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 Available for Study Abroad and Exchange Y Prerequisites ECON 2504 Assumed Knowledge Maths as taught in ECON 1005 Assessment Typically group and individual assignments and final exam Course Staff
Course Coordinator: Dr Nadya Baryshnikova
Dr Nadezhda Baryshnikova
Email: nadezhda.baryshnikova@adelaide.edu.au
Office location: Nexus 10, Level 4, Room 4.04
Telephone: 8313 4821
Office hours: To be advised on myUniCourse Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1. explain econometric concepts and results intuitively
2. proficiently use STATA for econometric and statistical analysis
3. conduct independent data analysis and inquiry using the tools of statistics and econometricsUniversity 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) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1,2,3 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
1,3 Teamwork and communication skills
- developed from, with, and via the SGDE
- honed through assessment and practice throughout the program of studies
- encouraged and valued in all aspects of learning
2,3 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
2,3 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
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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 per week, for a 2-hour lecture and a 1- hour tutorial. Students are expected to be present for all lectures and actively participate in all tutorial activities. The lecturer will hold office hours, 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.
Learning Activities Summary
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 equationSpecific 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 and the tutor. Questions over the telephone are strongly discouraged. Students may utilise the online forum of MyUni.
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Assessment
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
Due to the current COVID-19 situation modified arrangements have been made to assessments to facilitate remote learning and teaching. Assessment details provided here reflect recent updates.Students will be assessed based on the following criteria:
Assessment Task Task Type Weighting Learning Outcome Group Assignments Group
20% 1,2,3 Individual Assignments Individual 30% 1 Final Examination Individual 50% 1
Group Homework component remains the same. Please consider the use of Zoom or any other preferred software for your online meetings. If you choose to meet face to face, please observe social distancing.
Final Exam: details to be advised at a later date. (Note that this will not be an invigilated exam requiring personal attendance.)Assessment Related Requirements
Attendance in class and tutorials is expected.
Some assignments require to use STATA which is installed in the computer labs or may be accessed via ADAPT on your personal devices. Please allow additional time for completing the assignments as the computer labs may not be always available.Assessment Detail
1. There will be 3 group assignments in total. The students will be asked to form groups at the beginning of the course and do the exercises in these groups. No individual work will be accepted for this component. The group homework will be collected in tutorials. The tutor will mark one question of his/her choice. At the end of the course, best 2 out of 3 marks will count toward the semester grade for this component. Because not all of these marks count for assessment, no special consideration will be given to students who do not submit the homework (or submit it late) for medical, compassionate or any other reason.
2. There will be 2 homework assignments to be submitted individually throughout the course. The dates and submission guidelines will be
announced on MyUni. At the end of the course, best 1 out of 2 marks will count toward the semester grade for this component. Because not all of these marks count for assessment, no special consideration will be given to students who do not submit the homework (or submit it late) for medical, compassionate or any other reason.
3. The final test will be in the lab during week 13 or 14. The dates will be announced in advance on myUni. All requirements will be posted on myUni
Homework will be posted almost each week. 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.
Each assessment addresses University Graduate Attributes of deep discipline knowledge, critical thinking and problem solving skills, career and leadership readiness to achieve the Course Learning Outcomes 1, 2, and 3. In addition, group homework addressess University Graduate Attributes of teamwork and communication skills and self-awareness and emotional intelligence to achieve the Course Learning Outcomes 2 and 3.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 .
Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result. -
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.
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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
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