ECO3001 Applied Econometrics (FOBUS)

Semester 1 (ONC)Toowoomba (EXT)Toowoomba

Units 1.0 (Econometrics) Band 2

Pre-requisite: STA2300 and ECO1000

Recommended Pre-requisite: MGT2101 Students are required to have access to a personal computer, e-mail capabilities and Internet access to USQConnect. Current details of computer requirements can be found at http://www.usq.edu.au/handbook/current/busgeninfo.html

Synopsis

Econometric techniques are being used in an increasing variety of business and government applications because the need for empirically assessing economic relationships is fundamental to management. Knowledge of the qualitative relationships between economic variables is insufficient when the economist is called upon to support explanatory analysis of economic phenomena, and to make predictions for the values of economic variables. Familiarity with, and a practical mastery of, econometric techniques are essential requirements of the professional economist and business analyst. In this course, students will learn to apply economic reasoning in the formulation, estimation, interpretation and application of some fundamental econometric modelling techniques. The emphasis in this application will be on exploring empirically economic relationships. An awareness of the limitations of econometric techniques will be stressed.