Monash University - ETF3200: Applied Econometrics (Solutions)

- This unit, ETF3200: Applied Econometrics provides you with an understanding of techniques in modern econometrics widely used for answering empirical questions in business and economics. You will learn to apply these methods to real-world problems and data using appropriate statistical software. The topics covered include multiple regression analysis, instrumental variables estimation, modeling discrete dependent variables, analysis of data sets that have both a cross-section and a time-series dimension, and difference-in-differences method.

✔ Learning Outcomes:

• explain applied econometric concepts such as causal effects, endogeneity, selection bias, and simultaneity;
• understand the techniques in modern econometrics discussed in the unit including multiple regression analysis, instrumental variables estimation, modeling of discrete dependent variables, panel data analysis, and differences-in-differences method;
• use statistical software to manage data and conduct empirical analysis using the econometric techniques discussed; 
• AND - interpret empirical findings - and discuss potential problems & limitations of empirical studies in business and economics.