UNIVERSITY OF MELBOURNE 
ECOM30001: Basic Econometrics 
Final Examination Guide and Notes 2026 
 
- Part 01. Revision Notes 
- Part 02. Sample Final Examination Paper 
- Part 03. Suggested Solutions to Final Exam Paper 
- Part 04. Final Examination - Hints and Tips 
 
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University of Melbourne - ECOM30001: Basic Econometrics

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ACADEMIC YEAR 2025 - 2026

University	University of Melbourne
Study Level	Undergraduate
Subject Code	ECOM30001
Subject Name	Basic Econometrics
Notes Title	Final Examination Guide and Notes
Page Length	74

Studying ECOM30001: Basic Econometrics at the University of Melbourne? This complete guide supports you from week one through to your final revision. It covers all examinable topics, explains how the final exam is structured, and highlights what to expect and which concepts to focus on. You also get sample exam questions with clear answers and explanations, plus final-exam hints and tips to help you feel confident on the day.

This subject examines multiple regression analysis and its use in economics, management, finance, accounting and marketing. Topics will include the properties of estimators, hypothesis testing, specification error, multicollinearity, dummy variables, heteroskedasticity, serial correlation.

On successful completion of this subject, students should be able to:

Apply the classical model of ordinary least squares to data sets drawn from economics, finance, accounting and management using single and multiple regression equations
Test hypotheses concerning the relationship between variables
Explain in detail the consequences of the violation of any one of the classical assumptions
Test for violations of the classical assumptions
Estimate models in the presence of non-classical errors and stochastic explanatory variables
Diagnose model misspecification using the most appropriate tests, and where appropriate identify the appropriate remedial actions
Use computer software to perform simple data descriptions and to graph relationships between variables, to estimate econometric models using OLS and Instrumental Variables, and to estimate simple dynamic models
Apply econometric methods to real world data and perform diagnostic testing to ensure the model is adequately specified

SUBJECT CODE	SUBJECT NAME
ACCT10001	Accounting Reports and Analysis
ACCT10002	Introductory Financial Accounting
ACCT20001	Cost Management
BLAW10001	Principles of Business Law
BLAW30002	Taxation Law I
ECOM20001	Econometrics 1
ECOM30002	Econometrics 2
ECON10003	Introductory Macroeconomics
ECON10004	Introductory Microeconomics
ECON10005	Quantitative Methods 1
ECON20002	Intermediate Microeconomics
ECON20003	Quantitative Methods 2
FNCE10002	Principles of Finance
FNCE20005	Corporate Financial Decision Making
FNCE30001	Investments
FNCE30007	Derivative Securities
FNCE40001	Advanced Corporate Finance
MAST20005	Statistics
MGMT10002	Principles of Management
MKTG10001	Principles of Marketing

University of Melbourne - ECOM30001: Basic Econometrics

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