Econometrics that is not found in the FASS department

Greetings,

Today's post will centre around BSP4513 Econometrics: Theory & Practical Business Applications, or as I call it, the econometrics mod that is not found in FASS.

So the final exam, to the best of my memory, was an open book exam that had some calculations and was entirely open ended. 50% of my grades rested on my performance in this exam. The paper comprised of 3 questions with each part having more than 5 sub-parts. Think of it like the weekly tutorials, just that the questions would be different because you have no access to excel on hand. What he tests instead is the interpretation from the excel output, qualitative answers and formula manipulations. 

Prof is really smart, but he speeds through the lesson pretty quickly. Do your best to follow and ask questions whenever in doubt. He has a tendency to teach for closer to 3 hours, so I might suggest leaving the time slot immediately after the module empty. His teaching method is generally understandable, though sometimes talking about stats too deeply without the proper background does hamper my understanding. I have to go back and read up on my own to attempt to fully grasp what he taught.

If you have absolutely no background or idea what econometrics is... in brief, it is quantifying and finding empirical evidence for all your economic theory. Think microecons and the production function. How can that be tested in real life? This module is NOT stats heavy (leave that for the FASS version) but is APPLICATION heavy. This also means that you won't be grounded on the statistical background for the kinds of mathematics applied onto the data set. In similar fashion to DSC2008, you will head to excel every week in preparation for the class to massage the data set and uncover its properties. 

If you have taken econometrics in FASS (the 3000 something one) and if biz school magically allows you to take this mod, this module will be good to take all their theory and place it within the context of practical application. 

If you like excel, you can take this mod.

If you want to take a 4000 mod outside of your random fin or ops spec, you can take this mod. Since there is some relevance to economics, I do believe it will benefit you in broadening your analysis techniques in the future.

If you like a very readable textbook (For my batch we used B&B Running Regressions), you can take this mod.

If you want a biz 4000 mod you can actually afford and has no prerequisites, you can take this mod. It requires some effort to score well and I got an A-, so I think it was pretty decent.

If you want a really small class, you can take this mod. 

If you really want stats, you will be disappointed.

If you want a slack mod, you will be disappointed.

If you don't like 8am classes, you will be disappointed.

Ok, I've covered what I hope helps. Admittedly, it is difficult to explain more in depth into this module without becoming technical. 

Happy New Year!

RRR