ECON110
STAT170
ECON141
ECON111
4 compulsery units, the other four is up to u
ECON110: Macroeconomic Principles
This is an introductory unit in the principles of macroeconomics. Topics covered include: the economic problem, methodology in economics, the goods market(national income accounts, the income-expenditure model, consumption, investment, multipliers), the money market, interactions between the goods and money markets, the external sector (balance of payments, exchange rate determination), the financial sector (aspects of finance, money creation), government policy (fiscal and monetary policies), and inflation and unemployment (types and theories of inflation and unemployment).
Credit Points: 3
Contact Hours: 3
When Offered: D1 - Day; Offered in the first half-year
E1 - Evening; Offered in the first half-year
Summer Session - Offered in January-February as part of Summer School program.
Staff Contact: Dr Wylie Bradford
Prerequisites: Admission to BCom/BEc/BAppFin or UAI equivalent to these degrees or a GPA of 2.00 with at least 12 cp; HSC Mathematics performance band 2 or extension 1 or extension 2, or corequisite of any unit in the range MATH123-MATH136
Corequisites:
NCCWs: ECON101
Unit Designations: --
Assessed As: Graded
Offered By: Department of Economics
ECON111: Microeconomic Principles
This is an introductory level unit in microeconomics. The unit is concerned with explaining how economic agents respond to incentives, and how prices by transmitting information facilitate decision making. Topics covered include: consumer choice and demand analysis; the firm and its production and costs; market structures from perfect competition to monopoly; factor markets; income distribution, poverty and discrimination; welfare economics; and market failure and microeconomic reform.
Credit Points: 3
Contact Hours: 3
When Offered: D2 - Day; Offered in the second half-year
E2 - Evening; Offered in the second half-year
Summer Session - Offered in January-February as part of Summer School program.
Staff Contact: Mr McHarg
Prerequisites: Admission to BCom/BEc/BAppFin or UAI equivalent to these degrees or a GPA of 2.00 with at least 12cp; HSC Mathematics performance band 2 or extension 1 or extension 2, or corequisite of any unit in the range MATH123-MATH136
Corequisites:
NCCWs: ECON101
Unit Designations: --
Assessed As: Graded
Offered By: Department of Economics
STAT170: Introductory Statistics
This unit provides a broad introduction to statistical concepts and data analysis techniques. The unit is basically concerned with the development of an understanding of statistical practice and is illustrated by a study of those techniques most commonly used in the sciences, social sciences and humanities.
Whilst this unit may be taken as a terminating unit in statistics, it provides only basic statistical knowledge. Students intending to complete a major in statistics, or those wishing to acquaint themselves with the practical application of statistical techniques, are advised to include the units STAT270 and STAT273 in their program.
Topics covered in STAT170 include data collection methods, data quality, data summarisation and statistical models like the normal distribution followed by sampling distributions and statistical inferences about means, proportions and quantiles. Also studied are methods of analysis relating to comparisons, counted data and relationships, including regression and correlation.
Use is made of statistical computer packages for handling and analysing data along with word processing for reporting the results. However, no prior computing knowledge is assumed.
Credit Points: 3
Contact Hours: 3
When Offered: D1 - Day; Offered in the first half-year
D2 - Day; Offered in the second half-year
D3 - Day; Offered over the full year
E1 - Evening; Offered in the first half-year
E2 - Evening; Offered in the second half-year
E3 - Evening; Offered over the full year
Summer Session - Offered in January-February as part of Summer School program.
X1 - External study; Offered in the first half-year (On Campus session: 6 May (V))
Staff Contact: Statistics Staff
Prerequisites: See unit description or enrolment in GradCertStats
Corequisites:
NCCWs: STAT171
Unit Designations: Technology
Medical Sciences
Assessed As: Graded
Offered By: Department of Statistics
ECON141: Introductory Econometrics
All Economics students are required to include ECON141 as the minimum level of econometrics undertaken in their degree program. ECON141 is the minimum econometric prerequisite for ECON311. Students who wish to specialise in Marketing or Finance are also required to include ECON141 in their program.
ECON141 introduces students to basic econometric techniques employed by economists in the analysis of economic relationships. These techniques are also used extensively in marketing and finance.
In addition to its role as a basis for programs of study in economics, marketing and finance, ECON141 is the foundation econometric unit for students who wish to undertake a program of study in applied econometrics.
Topics covered include: estimation and hypothesis testing; simple and multiple regression; forecasting; the interpretation and evaluation of regression models, including an elementary discussion of non-linear modelling, heteroscedasticity, auto-correlation, multicollinearity and specification error; the use of categorical or qualitative data in regression models; structural change in economic relationships; and seasonal effects in time series models.
Emphasis is placed throughout the unit on the application of econometric techniques and the interpretation of estimated results rather than formal theoretical proofs and derivations. The emphasis on application rather than theory means that ECON141 is a learn-by-doing unit. Estimated results are obtained using an econometric computer program. Attention is then focused on the interpretation and evaluation of the estimated results. Numerous illustrative examples and applications drawn from economics, marketing and finance are discussed in the lecture and tutorial program.
Credit Points: 3
Contact Hours: 3
When Offered: D1 - Day; Offered in the first half-year
D2 - Day; Offered in the second half-year
E1 - Evening; Offered in the first half-year
E2 - Evening; Offered in the second half-year
Staff Contact: Mr Tonkin, Dr Joyeux
Prerequisites: STAT170 or STAT171; ECON110 or ECON111 or BBA103
Corequisites:
NCCWs: ECON140
Unit Designations: --
Assessed As: Graded
Offered By: Department of Economics
FYI, McHard (ECON111) and Whitehead (ECON110) are exccellent lecturers they are also good friends of our former deputy. Mr Jacob (i had to ask them), so too is the chief Rod O Donnel (According to Jacob)