BEA242 Introduction to Econometrics Semester 1, 2015 THIS UNIT IS BEING OFFERED IN

BEA242 Introduction to Econometrics Semester 1, 2015 THIS UNIT IS BEING OFFERED IN
BEA242
Introduction to Econometrics
Revised 23 March 2015 due to a staff change.
Semester 1, 2015
THIS UNIT IS BEING OFFERED IN
HOBART/DISTANCE
Taught by:
Dr Paul Blacklow
CRICOS Provider Code: 00586B
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Contents
Contact Details ........................................................................................................................................ 3
Unit Description ...................................................................................................................................... 4
Prior Knowledge &/or Skills OR Pre-Requisite Unit(s) ............................................................................ 4
Enrolment in the Unit ............................................................................................................................. 4
Intended Learning Outcomes and Generic Graduate Attributes for BEA242......................................... 5
Learning Expectations and Teaching Strategies/Approach .................................................................... 6
Occupational Health and Safety (OH&S) ................................................................................................ 6
Learning Resources ................................................................................................................................. 6
Prescribed Text ....................................................................................................................................... 6
MyLO Expectations ................................................................................................................................. 7
Using MyLO for BEA242 .......................................................................................................................... 8
Student Feedback via eVALUate ............................................................................................................. 8
Lectures ................................................................................................................................................... 9
Workshops .............................................................................................................................................. 9
Details of Teaching Arrangements (Distance Students) ....................................................................... 10
Lecture Recordings................................................................................................................................ 10
Online Workshop .................................................................................................................................. 10
Distance Study Skills.............................................................................................................................. 10
Learning Expectations and Strategies ................................................................................................... 11
Online Activities (Attending and Distance) ........................................................................................... 11
Communication, Consultation and Appointments ............................................................................... 12
Assessment ........................................................................................................................................... 13
Assessment Schedule ............................................................................................................................ 13
Lodging Assessment Items .................................................................................................................... 15
Late Assessment and Extension Policy ................................................................................................. 15
Academic Referencing and Style Guide ................................................................................................ 16
Review of Assessment and Results ....................................................................................................... 16
Review of Internal Assessment ............................................................................................................. 16
Review of Final Exam/Result ................................................................................................................. 17
Further Support and Assistance ............................................................................................................ 17
Academic Misconduct and Plagiarism .................................................................................................. 18
Class Schedule - REVISED ...................................................................................................................... 19
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Contact Details
Unit Coordinator/ Lecturer:
Dr Paul Blacklow
Campus:
Hobart (Sandy Bay)
Room Number:
Room 224, Level 2, Centenary Building
Email:
[email protected]
Phone:
03 6226 2283
Consultation Time:
Wednesday and Thursday 3:00-3:50pm
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Intended Learning Outcomes and Generic Graduate Attributes for BEA242
Graduate Attribute Outcomes
Intended Learning Outcomes
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.
LO2: Use functional knowledge of
the assumptions of
quantitative models.
Assessment
Methods
Online Quizzes
•
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.
•
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.
•
Knowledge: Intermediate levels of knowledge in chosen fields of study and the ability
to apply that knowledge to diverse economic/finance issues.
Final Exam
•
Problem-solving: The ability to think independently and logically and use
economic/finance theory, models and methods.
A4.1 Interpret time series econometric models.
Online Quizzes
•
A4.2 Construct forecasts and forecast errors.
Assignment
Knowledge: Intermediate levels of knowledge in chosen fields of study and the ability
to apply that knowledge to diverse economic/finance issues.
Final Exam
•
Problem-solving: The ability to think independently and logically and use
economic/finance theory, models and methods.
Assignment
•
Communication skills: Written communication skills, including the ability to clearly
explain graphs, data, statistics and algebra, in a manner appropriate to the audience.
Assignment
Final Exam
A2.1 Define the assumptions underpinning econometric
modelling.
Online Quizzes
A2.2 Test and discuss the underlying assumptions of
econometric modelling.
Final Exam
Assignment
A2.3 Identify the causes of violations of the
assumptions underpinning econometric modelling.
LO3: Use sample information to
draw conclusions about the
population.
The assessments and teaching activities in this unit have been designed to develop the
following graduate attributes in students:
A3.1 Formulate testable hypotheses.
Online Quizzes
A3.2 Select appropriate test statistic for hypothesis
testing.
Assignment
A3.3 Conduct hypothesis tests.
A3.4 Draw conclusions from hypothesis tests.
LO4: Master time and risk in
quantitative models.
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.
Final Exam
A5.3 Produce policy advice based on statistical analysis.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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, D, & Hall, S, Applied Econometrics (2nd Edn), 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 edn, John Wiley, 2011
Stock & Watson, Introduction to Econometrics, 3rd edn, Addison Wesley, 2010
Wooldridge, Introductory Econometrics, 4th edn, 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, students’ studying by distance in order to participate in the online workshop must also
have a:
•
Webcam, microphone, Skype account
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Useful Websites
The prescribed text’s website http://www.palgrave.com/economics/asteriou2/students/
The econometrics softhttp://www.eviews.com
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.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Using MyLO for BEA242
IMPORTANT!: Before you are provided with access to your unit’s MyLO resources, you must
complete the Student Agreement form. To do this:
1. Access the unit’s MyLO site.
2. Locate the Begin Here folder and click on it to open it. You can find the Begin Here folder by
scrolling down until you see Content Browser OR by clicking on the Content button.
OR
3. Once you have opened the Begin Here folder, click on the Student Agreement file.
OR
4. Read the terms, then check the I agree box. You should now be able to access all available
unit content on MyLO. You only need to do this once in each MyLO unit.
Other important resources on MyLO
Students are expected to regularly check on MyLO for any updates in relation to the unit. Essentially,
MyLO has been incorporated into the delivery of this unit to enhance students’ learning experience,
by providing access to up-to-date course materials, and allowing for online discussion. In addition to
the lecture slides which are uploaded on MyLO on a weekly basis, other unit-related materials such
as supplementary readings and assessment guides can also be accessed on MyLO. Further, students
are also expected to engage in an active discussion about issues related to the unit through the
discussion forums or chat rooms that are available on MyLO: this is particularly helpful for distance
students who may utilise the facilities available on MyLO to contact their fellow distance students
and form groups to complete any group assessment tasks for this unit. In this regard, MyLO should
be treated as the unit's critical platform for learning and communication.
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.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Changes to this Unit Based on Previous Student Feedback
On the basis of feedback received from students the unit has changed the textbook.
Details of Teaching Arrangements (for attending students)
Lectures
Lectures are held weekly, beginning in week 1 on:
Tuesdays 10:00am to 11:50pm in SB LifeSci106, LT1 (SB.BA22.L01.106)
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 1:00pm to 1:50pm in SB.AU14.L03.333 (SB.Physics 333 Sem Rm),
WS2 – Tuesday 2:00pm to 2:50pm in SB.AU14.L03.333 (SB.Physics 333 Sem Rm)
WS3 – Tuesday 4:00pm to 4:50pm in SB.AL14.L02.225 (SB.Law 225 Seminar Rm3)
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.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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
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 Wednesday 1:00pm to 1:50pm 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.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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.
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.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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-atutas . Students have found in particular the information on: Assignment Writing and Academic Skills,
to be very helpful with assignment tasks.
Communication, Consultation and Appointments
Email Correspondence:
Students are expected to check their UTAS email address on a regular basis (at least three times a
week). Students submitting requests or queries to staff via email must include their Unit code (i.e.
BEA242) at the start of the subject header and then the subject (e.g. BEA242 Query about Lecture 1
Notes). Students must also provide, very clearly, their: Family name: Preferred name; Student ID;
Unit Code (e.g. 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 and/or offensive, and come from external (non-UTAS) email accounts.
Students are advised not to have their UTAS email forwarded to a third party email service (such as
Gmail, Hotmail or Yahoo mail). 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 Wednesday and Thursday
3:00 to 3:50pm without appointment in Room 224, Level 2, Centenary Building.
Appointments must be made to see the lecturer at all other times. To arrange an appointment
email [email protected] at least a day in advance and wait for a response confirming your
appointment.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Assessment
Assessment Schedule
In order to pass this unit you must achieve an overall mark of at least 50 percent of the total
available marks. Details of each assessment item are outlined below.
Assessment Items
Due Date
Value/Weighting
Link to Learning
Outcomes
5 Online Quizzes
Week 3, 7, 9, 11, 13
5 x 4% = 20%
LO1, LO2, LO3, LO4
Assignment
Week 12 Wednesday
2pm 20 May
20%
LO1, LO2, LO3, LO4,
LO5
Final Exam
Exam period
60%
LO1, LO2, LO3, LO4,
LO5
Online Quizzes
Task Description:
There are five (5) quizzes to be completed on line via MyLO in weeks 3, 7, 9,
11 and 13. 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:
Assessment Rubric will be made available on MyLO.
Link to Unit’s
Learning Outcomes:
LO1, LO2, LO3, LO4, LO5
Due Date:
Quiz 1 – Available 9am Wed 11 March to 12am midnight Sun 15 March
Quiz 2 – Available 12pm Tue 14 April to 12am midnight Sun 19 April
Quiz 3 – Available 12pm Tue 28 April to 12am midnight Sun 3 May April
Quiz 4 – Available 12pm Tue 12 May to 12am midnight Sun 17 May
Quiz 5 – Available 12pm Tue 26 May to 12am midnight Sun 31 May
Value:
5 x 4% = 20%
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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:
Assessment Rubric will be made available on MyLO.
Link to Unit’s
Learning Outcomes:
LO1, LO2, LO3, LO4, LO5
Due Date:
Week 12, 2.00pm, Wednesday 20 May
Value:
20%
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.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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 assignment.
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 and time. We suggest you keep a copy. Even in ‘perfect’ systems, items sometimes go astray.
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.
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BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Academic Referencing and Style Guide
Before starting their assignments, students are advised to familiarise themselves with the following
electronic resources.
The first is the Harvard Referencing System Style Guide, which can be accessed from the UTAS
library: http://utas.libguides.com/content.php?pid=27520&sid=199808 . The Harvard style is the
appropriate referencing style for this unit and the guide provides information on presentation of
assignments, including referencing styles. 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 second is the Tasmanian School of Business and Economics’s Writing Assignments: A Guide,
which can be accessed at: http://www.utas.edu.au/business-and-economics/student-resources .
This guide provides students with useful information about the structure and style of assignments in
the TSBE.
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/universitygovernance/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_assessm
ent.pdf ).
16
BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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/forms . 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/universitygovernance/rules . You will need to complete an Application for Review of Assessment Form, which
can be accessed from http://www.utas.edu.au/exams/exam-and-results-forms . 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.
Further Support and Assistance
If you are experiencing difficulties with your studies or assessment items, have personal or lifeplanning 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:
Room:
Phone:
Email:
David Kronenberg
Room 301, Level 3, Centenary Building
(03) 6226 2280
[email protected]
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.
17
BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
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/governancelegal/students-complaints .
The University also has formal policies, and you can find out details about these policies from the
following link – http://www.utas.edu.au/registrar/student-complaints/.
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:
•
•
•
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.
It also means 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.
18
BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Class Schedule - REVISED
Week
Beginning
Workshops
Lecture
1
23 Feb
2
2 Mar
WS1 Exercises
Lecture 2 (4 Mar)
3
9 Mar
WS2 Exercises
Lecture 3 (11 Mar)
4
16 Mar
WS3 Exercises
Lecture 2 (17 Mar)
5
23 Mar
WS4 Exercises
Lecture 3 (24 Mar)
6
30 Mar
WS5 Exercises
Lecture 4 (31 Mar)
Assessment
Lecture 1 (25 Feb)
Online Quiz 1 (closes 15 Mar)
Mid-Semester Break: 2 – 8 April 2015 inclusive
7
13 Apr
WS6 Exercises
Lecture 5 (14 Apr)
8
20 Apr
WS7 Exercises
Lecture 6 (21 Apr)
9
27 Apr
WS8 Exercises
Lecture 7 (28 Apr)
10
4 May
WS9 Exercises
Lecture 8 (5 May)
11
11 May
WS10 Exercises
Lecture 9 (12 May)
Online Quiz 4 (closes17 May)
18 May
WS11 Exercises
Lecture 10 (19 May)
Assignment (Due 2pm
Wednesday 20 May)
13
25 May
WS12 Exercises
Exam Info (26 May)
Online Quiz 5 (closes 31 May)
Study
1 June
Study Break
Study Break
Exams
6 – 23 June
12
Online Quiz 2 (closes 19 Apr)
Online Quiz 3 (closes 3 May)
Final Exam (TBA)
Examination Period: 6-23 June 2015
19
BEA242 Introduction to Econometrics, Unit Outline, S1, 2015
Topic Schedule - REVISED
Lecture/Workshop/ Topic
Week
1
2
Unit Outline
Readings
Unit Outline
Introduction to Econometrics
A&H Ch 1
Review of probability and statistics – Part 1
A&H Ch 2
Review of probability and statistics – Part 2
A&H Ch 3
Simple Regression
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 and Misspecification
A&H Ch 8
9
Multicollinearity and Heteroskedasticity
10
Autocorrelation and
Time Series Regression
A&H Ch 5 and 6
A&H Ch 7
A&H Ch 16-17
20
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