This course introduces students to the techniques of econometrics. The emphasis is on the essential ideas and the applications of econometric methods, with the material derived using a mixture of rigour and intuition. The course covers appropriate tools for cross-sectional (observations on several economic units - usually countries, firms or households - at a single point in time), time series (observations for one economic unit over time), and panel (observations on several economic units followed through time) datasets. It starts with the linear regression model and then move to introductions to micro-econometric and macro-econometric techniques.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

1. Understand the essential ideas and applications of econometric methods.
2. Understand different types of data (times series and cross-sectional) and their associated problems and solutions.
3. Analyse simple datasets using econometric software (R).
4. Present econometric results in a readily usable form and be able to interpret and explain econometric results.
5. Understand how econometric methods can be used to provide evidence for making policy decisions.

Research-Led Teaching

This course is research-focused in the sense that students are required to apply econometric techniques to real data and answer questions that are policy relevant.

Field Trips

Nil

Additional Course Costs

Nil

Required Resources

Nil

Recommended Resources

Nil

Staff Feedback

Students will be given feedback in the following forms in this course:

• Written comments
• Verbal comments
• Feedback to the whole class, to groups, to individuals, focus groups

Student Feedback

ANU is committed to the demonstration of educational excellence and regularly seeks feedback from students. Students are encouraged to offer feedback directly to their Course Convener or through their College and Course representatives (if applicable). The feedback given in these surveys is anonymous and provides the Colleges, University Education Committee and Academic Board with opportunities to recognise excellent teaching, and opportunities for improvement. The Surveys and Evaluation website provides more information on student surveys at ANU and reports on the feedback provided on ANU courses.

Other Information

CRAWFORD ACADEMIC SKILLS

The Crawford School of Public Policy has its own Academic Skills team dedicated to helping students to understand the academic expectations of studying at Crawford and succeed in their chosen program of study. Through individual appointments, course-embedded workshops and online resources, Crawford Academic Skills provides tailored advice to students keen to develop their academic reading, thinking, planning, writing, and presentation skills.

Class Schedule

Week/Session	Summary of Activities	Assessment
1	Lecture - Week 1-4: Simple and multiple regression analysis	Wooldridge, 2011. Chapters 1, 2, 3, 4Verbeek, 2008. Chapter 2Angrist and Pischke, 2011. Chapters 2 and 3.All assessments
2	Lecture - Week 4-5: Asymptotic analysis and further issues in multiple regression analysis	Wooldridge, 2011. Chapters 5 and 6Verbeek, 2008. Chapter 2 (Sections 2.5 and 2.6) and chapter 3 (Sections 3.1-3.3)All assessments
3	Lecture - Week 6-7: Heteroskedasticity and autocorrelation	Wooldridge, 2011. Chapters 8 and 12Verbeek, 2008. Chapter 4All assessments
4	Lecture - Weeks 8, 9, 10: Endogeneity, instrumental variables, GMM	Wooldridge, 2011. Chapters 13, 14, 15 and 16Verbeek, 2008. Chapter 4Angrist and Pischke, 2011. Chapter 4All assessments
5	Lecture - Week 10-12: Regression analysis with time series data	Wooldridge, 2011. Chapter 18Verbeek, 2008. Chapter 8 (sections 8.1, 8.3, 8.4) and chapter 9 (sections 9.1, 9.2)All assessments
7	Examination Period

Assessment Summary

Assessment task	Value	Due Date	Return of assessment	Learning Outcomes
Weekly group in-class presentation	10 %	*	*	1, 2, 3, 4, 5
Quiz 1	10 %	26/08/2023	09/09/2023	1, 2, 3,
Assignment 1	10 %	08/09/2023	22/09/2023	1, 2, 3,
Assignment 2	10 %	13/10/2023	27/10/2023	1, 2, 3, 4, 5
Quiz 2	10 %	21/10/2023	28/10/2023	1, 2, 3, 4, 5
Final exam	50 %	*	01/12/2023	1, 2, 3, 4, 5

* If the Due Date and Return of Assessment date are blank, see the Assessment Tab for specific Assessment Task details

Policies

ANU has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and implement them. Students are expected to have read the Academic Misconduct Rule before the commencement of their course. Other key policies and guidelines include:

• Student Assessment (Coursework) Policy and Procedure
• Special Assessment Consideration Policy and General Information
• Student Surveys and Evaluations
• Deferred Examinations
• Student Complaint Resolution Policy and Procedure

Assessment Requirements

The ANU is using Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. For additional information regarding Turnitin please visit the ANU Online website Students may choose not to submit assessment items through Turnitin. In this instance you will be required to submit, alongside the assessment item itself, hard copies of all references included in the assessment item.

Moderation of Assessment

Marks that are allocated during Semester are to be considered provisional until formalised by the College examiners meeting at the end of each Semester. If appropriate, some moderation of marks might be applied prior to final results being released.

Participation

Nil

Examination(s)

One open book exam

Assessment Task 1

Weekly group in-class presentation

This group-based assessment covers the learning outcomes: 1, 2, 3, 4 and 5.

Students have the option to undertake this assessment or have its weight applied to the final exam.

Design: Students are randomly paired to present solutions to weekly tutorial questions throughout the semester, excluding weeks 1, 7, and 12. Evaluation is conducted by peers through anonymous voting and by the instructor. While only one student presents at a time, the marks are applied to all students in the group, providing an incentive for collaborative preparation and effort.  

Aim: the aim of this assessment is threefold: (i) Encouraging student engagement with course materials through the flipped classroom teaching model; (ii) Bridging social barriers among students and fostering a shared cohort experience through random pairing; and (iii) Offering immediate feedback to enhance the learning process.

Assessment Task 2

Quiz 1

Wattle-based quiz 1 offers students personalized feedback on their progress in all LOs for in the first half of the semester. 

Assessment Task 3

Assignment 1

Assignment 1 covers all LOs.

These assignments are designed to afford students the opportunity for hands-on experience in formulating evidence-based policy recommendations. Specifically, students are mandated to employ a dataset, statistical software like R, and econometric techniques to develop and test hypotheses to address specific policy questions. The final output is crafted to be rigorous for a technical audience while remaining accessible to a non-technical one. 

Assignments can be completed individually or in pairs with random matching, a feature intended to accommodate various learning styles.

Assessment Task 4

Assignment 2

Assignment 2 covers all LOs.

These assignments are designed to afford students the opportunity for hands-on experience in formulating evidence-based policy recommendations. Specifically, students are mandated to employ a dataset, statistical software like R, and econometric techniques to develop and test hypotheses to address specific policy questions. The final output is crafted to be rigorous for a technical audience while remaining accessible to a non-technical one. 

Assignments can be completed individually or in pairs with random matching, a feature intended to accommodate various learning styles.

Assessment Task 5

Quiz 2

Wattle-based quiz 1 offers students personalized feedback on their progress in all LOs for in the second half of the semester. 

Assessment Task 6

Final exam

 The final exam encompasses the evaluation of all Learning Outcomes (LOs), drawing upon materials covered throughout the semester. An exam is a highly suitable way of assessing achievements in a technical course such as this. Final Examination covering the whole course will be held during the examination period with the specific date to be confirmed by the ANU examination office. 

Academic Integrity

Academic integrity is a core part of our culture as a community of scholars. At its heart, academic integrity is about behaving ethically. This means that all members of the community commit to honest and responsible scholarly practice and to upholding these values with respect and fairness. The Australian National University commits to embedding the values of academic integrity in our teaching and learning. We ensure that all members of our community understand how to engage in academic work in ways that are consistent with, and actively support academic integrity. The ANU expects staff and students to uphold high standards of academic integrity and act ethically and honestly, to ensure the quality and value of the qualification that you will graduate with. The University has policies and procedures in place to promote academic integrity and manage academic misconduct. Visit the following Academic honesty & plagiarism website for more information about academic integrity and what the ANU considers academic misconduct. The ANU offers a number of services to assist students with their assignments, examinations, and other learning activities. The Academic Skills and Learning Centre offers a number of workshops and seminars that you may find useful for your studies.

Online Submission

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Hardcopy Submission

For some forms of assessment (hand written assignments, art works, laboratory notes, etc.) hard copy submission is appropriate when approved by the Associate Dean (Education). Hard copy submissions must utilise the Assignment Cover Sheet. Please keep a copy of tasks completed for your records.

Late Submission

Late submission not permitted. If submission of assessment tasks without an extension after the due date is not permitted, a mark of 0 will be awarded. You may get some assessments redemptive to the final exam if you have legitimate reasons. You may get some assessments redemptive to the final exam if you have legitimate reasons.

Referencing Requirements

Accepted academic practice for referencing sources that you use in presentations can be found via the links on the Wattle site, under the file named “ANU and College Policies, Program Information, Student Support Services and Assessment”. Alternatively, you can seek help through the Students Learning Development website.

Returning Assignments

All assessments will be marked and returned to students within two weeks after the due date.

Extensions and Penalties

Extensions and late submission of assessment pieces are covered by the Student Assessment (Coursework) Policy and Procedure The Course Convener may grant extensions for assessment pieces that are not examinations or take-home examinations. If you need an extension, you must request an extension in writing on or before the due date. If you have documented and appropriate medical evidence that demonstrates you were not able to request an extension on or before the due date, you may be able to request it after the due date.

Resubmission of Assignments

Not allowed.

Privacy Notice

The ANU has made a number of third party, online, databases available for students to use. Use of each online database is conditional on student end users first agreeing to the database licensor’s terms of service and/or privacy policy. Students should read these carefully. In some cases student end users will be required to register an account with the database licensor and submit personal information, including their: first name; last name; ANU email address; and other information. In cases where student end users are asked to submit ‘content’ to a database, such as an assignment or short answers, the database licensor may only use the student’s ‘content’ in accordance with the terms of service — including any (copyright) licence the student grants to the database licensor. Any personal information or content a student submits may be stored by the licensor, potentially offshore, and will be used to process the database service in accordance with the licensors terms of service and/or privacy policy. If any student chooses not to agree to the database licensor’s terms of service or privacy policy, the student will not be able to access and use the database. In these circumstances students should contact their lecturer to enquire about alternative arrangements that are available.

Distribution of grades policy

Academic Quality Assurance Committee monitors the performance of students, including attrition, further study and employment rates and grade distribution, and College reports on quality assurance processes for assessment activities, including alignment with national and international disciplinary and interdisciplinary standards, as well as qualification type learning outcomes. Since first semester 1994, ANU uses a grading scale for all courses. This grading scale is used by all academic areas of the University.

Support for students

The University offers students support through several different services. You may contact the services listed below directly or seek advice from your Course Convener, Student Administrators, or your College and Course representatives (if applicable).

• ANU Health, safety & wellbeing for medical services, counselling, mental health and spiritual support
• ANU Diversity and inclusion for students with a disability or ongoing or chronic illness
• ANU Dean of Students for confidential, impartial advice and help to resolve problems between students and the academic or administrative areas of the University
• ANU Academic Skills and Learning Centre supports you make your own decisions about how you learn and manage your workload.
• ANU Counselling Centre promotes, supports and enhances mental health and wellbeing within the University student community.
• ANUSA supports and represents undergraduate and ANU College students
• PARSA supports and represents postgraduate and research students