James Cook University Subject Handbook - 2023

BX2122 - Econometrics and Big Data Analysis

Subject Description

In a day and age in which the availability of big data increases exponentially, the value of the skills to correctly analyse such data increases accordingly. This subject demonstrates a range of econometric models that can be used to interrogate or mine large datasets to test theories and ideas. The subject focuses on the application of these models, understanding their limitations and correctly interpreting their results. The subject provides valuable skills to students in economics, finance or any other discipline in which the analysis of big data is or will be important.

Learning Outcomes

• formulate testable scientific hypotheses from economic theories
• conduct an econometric analysis (including specification tests) using real life big data and interpret the results of econometric models
• select an appropriate econometric model from a range of models to test hypotheses and interpret the results of these models

Subject Assessment

• Written > Examination (centrally administered) - (40%) - Individual
• Written > Test/Quiz 1 - (30%) - Individual
• Written > Research report - (30%) - Individual

Note that minor variations might occur due to the continuous subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.

Inadmissible Subject Combinations:  BX3022 EC2413 EC3413 EC5212 EC5216 BX3025 BX2225 EC5211 BX3122

Availabilities