Course overview
- Study period
- Semester 1, 2025 (24/02/2025 - 21/06/2025)
- Study level
- Postgraduate Coursework
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Economics School
Recommended material for all advanced courses in Econometrics, Mathematical Economics & operations research. Topics include probability theory, sampling distribution, introduction to classical & Bayesian decision theory.
This course provides a rigorous introduction to the statistical methods which are fundamental to further study in econometrics and mathematical economics. It aims to provide students with a formal understanding of key results encountered in elementary courses for more advanced courses. The course differs from the type of course that would be taught in a Science program in that it is specially targeted to deal with statistical theory relevant to the empirical modelling of observationalᅠ(non-experimental) data, which is the type of data which economists and social scientists deal with regularly.ᅠTopics include probability theory, concentration inequalities, moment generating functions, estimation theory (Ordinary Least Squares, Maximum Likelihood, Method of Moments), notions of convergence, asymptotic properties of estimators, laws of large numbers, central limit theorem, hypothesis testing and inference.ᅠ
Course requirements
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ECON7150 or 7300
Incompatible
You can't enrol in this course if you've already completed the following:
ECON3320
Course contact
School enquiries
All enquiries regarding student and academic administration (i.e. non-course content information, e.g., class allocation, timetables, extension to assessment due date, etc.) should be directed toᅠenquiries@economics.uq.edu.au.ᅠ
Enquiries relating specifically to course content should be directed to the Course Coordinator/Lecturer.
Course staff
Lecturer
Tutor
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Lectures commence in week 1
Tutorials commence in week 2
Please see the Learning Activities section of this Course Profile for the timetabling implications of public holidays.
Important Dates:
· Public Holidays: Fri 18 April (Good Friday), Mon 5 May (Labour Day).
· Mid-Semester Break: 21 April - 25 April. Semester 1 classes recommence on Mon 28 April.
Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information, as from time to time late room changes may occur.
Aims and outcomes
This course aims to provide students with a formal understanding of key results encountered in elementary courses and to prepare students for more advanced courses.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Apply fundamental statistical concepts to derive key statistical results such as Central Limit Theorem
LO2.
Analyse the properties of modern econometric methods
LO3.
Evaluate modern econometric methods in light of their underlying statistical assumptions
Assessment
Assessment summary
Category | Assessment task | Weight | Due date |
---|---|---|---|
Tutorial/ Problem Set | Assignment 1 | 30% |
11/04/2025 4:00 pm |
Tutorial/ Problem Set | Assignment 2 | 30% |
16/05/2025 4:00 pm |
Tutorial/ Problem Set | Take Home Exam | 40% |
13/06/2025 4:00 pm |
Assessment details
Assignment 1
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 30%
- Due date
11/04/2025 4:00 pm
- Learning outcomes
- L01
Task description
Analytical problems on lectures 1-5.
This assessment task evaluates student’s abilities, skills and knowledge without the aid of Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Electronic submissions via Blackboard of a single pdf document with all relevant materials.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Assignment 2
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 30%
- Due date
16/05/2025 4:00 pm
- Learning outcomes
- L02, L03
Task description
Analytical problems on lectures 6-9.
This assessment task evaluates student’s abilities, skills and knowledge without the aid of Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
Electronic submissions via Blackboard of a single pdf document with all relevant materials.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Take Home Exam
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 40%
- Due date
13/06/2025 4:00 pm
- Learning outcomes
- L01, L02, L03
Task description
The take home exam can be completed at home in your own time. It is non-invigilated and open book, however you must work on it alone. The take home exam will be released 48 hours before the deadline.
This assessment task evaluates student’s abilities, skills and knowledge without the aid of Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Note: As this is not a scheduled face to face examination, students unable to submit by the deadline should apply for an extension, rather than a deferral.
Submission guidelines
Electronic submissions via Blackboard of a single pdf document with all relevant materials.
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
Grade | Cut off Percent | Description |
---|---|---|
1 (Low Fail) | 0% - 29% |
Absence of evidence of achievement of course learning outcomes. |
2 (Fail) | 30% - 46% |
Minimal evidence of achievement of course learning outcomes. |
3 (Marginal Fail) | 47% - 49% |
Demonstrated evidence of developing achievement of course learning outcomes |
4 (Pass) | 50% - 64% |
Demonstrated evidence of functional achievement of course learning outcomes. |
5 (Credit) | 65% - 74% |
Demonstrated evidence of proficient achievement of course learning outcomes. |
6 (Distinction) | 75% - 84% |
Demonstrated evidence of advanced achievement of course learning outcomes. |
7 (High Distinction) | 85% - 100% |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
A student's final overall end of semester percentage mark will be rounded to determine their final grade. For example, 64.5% rounds to 65%, while 64.4% rounds to 64%.
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Plagiarism
The School of Economics is committed to reducing the incidence of plagiarism. Further information on plagiarism and how to avoid an allegation of plagiarism is available in this course profile under Policies and Procedures. Please refer to the Academic Integrity Modules (AIM). It is strongly recommended that you complete the AIM if you have not already done so.
SUBMISSION OF ASSIGNMENTS
Unless otherwise advised by your course coordinator, all written assignments are to be electronically submitted through Blackboard. The instructions for submission are located in the Assessment section of the course Blackboard site. The online submission is in addition to any other submission requirements that appear in this ECP.
All assignments must be submitted by the due date and time stated in the course profile. Students should submitᅠvia Blackboard a single pdf document with all relevant materials; see 5.5 Assessment Detail.ᅠ
REFERENCING AND CITING
Assignments must be substantially your own work. If you wish to report another author’s point of view you should do so in your own words, and properly cite the reference in accordance with the school style. Direct quotations should be used sparingly, form a small part of your work, and must be placed in quotation marks and duly referenced.
• Any material taken from texts and other references, including electronic resources, CD‐ROMS, and the Internet, must be acknowledged using the accepted School style.
• Students are encouraged to discuss issues that arise in this course together. However, the written work you submit must be entirely your own. Similarly, you must not help another student to cheat by lending assignments (present or past).
• For more information on referencing styles, visit the library or seeᅠhttps://guides.library.uq.edu.au/referencing
• If you do not reference the materials used in your assignment correctly, you could be found guilty of academic misconduct. Please see this link for more information:ᅠhttps://ppl.app.uq.edu.au/content/3.60.04-student-integrity-and-misconduct
For more information on assessment, please review the UQ Assessment Policy atᅠhttps://ppl.app.uq.edu.au/content/assessment-policy
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Additional learning resources information
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Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
Learning period | Activity type | Topic |
---|---|---|
Week 1 (24 Feb - 02 Mar) |
Lecture |
Lecture 1 Course introduction, Probability theory. Learning outcomes: L01 |
Week 2 (03 Mar - 09 Mar) |
Tutorial |
Tutorial 1 Covers lecture 1 material. Learning outcomes: L01 |
Lecture |
Lecture 2 Laws of probability, random variables. Learning outcomes: L01 |
|
Week 3 (10 Mar - 16 Mar) |
Tutorial |
Tutorial 2 Covers lecture 2 material. Learning outcomes: L01 |
Lecture |
Lecture 3 Transformations of random variables, moments, probability inequalities. Learning outcomes: L01 |
|
Week 4 (17 Mar - 23 Mar) |
Tutorial |
Tutorial 3 Covers lecture 3 material. Learning outcomes: L01 |
Lecture |
Lecture 4 Moment generating function, Bernoulli distribution, Binomial distribution. Learning outcomes: L01 |
|
Week 5 (24 Mar - 30 Mar) |
Tutorial |
Tutorial 4 Covers lecture 4 material. Learning outcomes: L01 |
Lecture |
Lecture 5 Poisson, Exponential, Uniform and Normal distributions. Learning outcomes: L01 |
|
Week 6 (31 Mar - 06 Apr) |
Tutorial |
Tutorial 5 Covers lecture 5 material. Learning outcomes: L01 |
Lecture |
Lecture 6 Gamma, Chi-squared, t and F distributions. Learning outcomes: L01 |
|
Week 7 (07 Apr - 13 Apr) |
Tutorial |
Tutorial 6 Covers lecture 6 material. Learning outcomes: L01 |
Lecture |
Lecture 7 Sampling, introduction to inference, method of moments. Learning outcomes: L02 |
|
Week 8 (14 Apr - 20 Apr) |
Tutorial |
Tutorial 7 Covers lecture 7 material. Learning outcomes: L02 |
Lecture |
Lecture 8 Ordinary Least Squares, Maximum Likelihood, Cramer-Rao lower bound. Learning outcomes: L02, L03 |
|
Week 9 (28 Apr - 04 May) |
Tutorial |
Tutorial 8 Covers lecture 8 material. Learning outcomes: L02, L03 |
Lecture |
Lecture 9 Asymptotic theory, convergence to a constant (Laws of Large Numbers), convergence to a random variable (Central Limit Theorem). Learning outcomes: L02, L03 |
|
Week 10 (05 May - 11 May) |
Tutorial |
Tutorial 9 Covers lecture 9 material. Learning outcomes: L02, L03 |
Lecture |
Lecture 10 Confidence intervals, hypothesis testing. Learning outcomes: L02, L03 |
|
Week 11 (12 May - 18 May) |
Tutorial |
Tutorial 10 Covers lecture 10 material. Learning outcomes: L02, L03 |
Lecture |
Lecture 11 Size and power of a test, most powerful test, Likelihood ratio test, Wald test. Learning outcomes: L02, L03 |
|
Week 12 (19 May - 25 May) |
Tutorial |
Tutorial 11 Covers lecture 11 material. Learning outcomes: L02, L03 |
Lecture |
Spillover lecture (if needed) Learning outcomes: L01, L02, L03 |
|
Week 13 (26 May - 01 Jun) |
Lecture |
Revision lecture Learning outcomes: L01, L02, L03 |
Tutorial |
Revision tutorial Learning outcomes: L01, L02, L03 |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.