EFDA II, Semester 2, 20041 Economic & Financial Data Analysis II This subject consists of two...

EFDA II, Semester 2, 2004 1

Economic & Financial Data Analysis II

This subject consists of two parts:

• Part I (Lecturer: Tin Nguyen; room: G34)

– Email: tin.nguyen@adelaide.edu.au

• Part II (Lecturer: Eran Binenbaum; room: 118)

– Email: eran.binenbaum@adelaide.edu.au

EFDA II, Semester 2, 2004 2

Topics to Cover in this Lecture

• The secrets of success in this subject without really trying.

• Part 1 lecturer’s profile.

• Aims of the lectures and tutorials,

• Assessments and textbook.

• Aims and special features of the subject and

textbook.

EFDA II, Semester 2, 2004 3

The Secrets of Success in this Subject(Without Feeling the Effort)

• Be happy. How?• Find the fun in the subject. How?• Get along well with the lecturer and tutor. How?• Regular attendance at tutorials and lectures.• Complete all tutorial exercises and carefully.

correct your mistakes in the light of the answers given subsequently in MyUni website.

• See your tutor frequently to clarify points or fill gaps in your understanding.

EFDA II, Semester 2, 2004 4

Be Happy!

(Slide Show)

Eighteen Rules to Make Yourself Happy:

1. Have targets and goals

2. Smile always

3. Share your happiness with others

4. Willing to help others

5. Keep a childlike heart

6. Get on well with all kinds of people

7. Keep a sense of humour

9. Forgive others

10. Have some really good friends

11. Always work in a team

12. Enjoy the family gathering time

13. Be confident and proud of yourself

14. Respect the weak

15. Indulge yourself, sometimes

16. Work from time to time

17. Be brave and courageous

18. Finally, don’t be a moneygrubb

EFDA II, Semester 2, 2004 23

How to Find the Fun in the Subject

• Recognise its importance and relevance for your life and future career.

• Be satisfied only with the marks reflecting your full potential.

EFDA II, Semester 2, 2004 24

How to Find the Fun in the Subject

• Understand the topics in each tute or lecture really well before going on to the next and, if necessary,

• Fill gaps in your statistical or mathematical background, as soon as you become aware of them.

EFDA II, Semester 2, 2004 25

Get along well with the lecturer and tutor. How?

• Know his/her strengths and weaknesses.

• Give him/her your full attention.

• Be keen to answer questions when asked.

• Appreciate his/her effort to help you to learn.

• Find some genuine reasons to like him/her. Every one does have some thing you may like. It is a matter of finding them.

EFDA II, Semester 2, 2004 26

Tin’s Profile as a Lecturer(For details, see MyUni)

Research Publication

• Twenty eight articles in reputable international refereed economic journals (listed in the Journal of Economic Literature), eight of which were in the world top ten ranked economic journals.

• The majority of Tin’s articles involve the application of econometric techniques to real life data and issues.

• He has also published 2 books and many chapters in edited research books.

EFDA II, Semester 2, 2004 27

Tin’s Profile as a LecturerExperience in Teaching Statistics & Econometrics

• Tin has lectured in statistics and econometrics at universities since 1967 - apart from the period 1979-82, when he worked as a consultant for UNCTAD and the World Bank in Geneva and Washington respectively.

• He has also lectured in the following subjects at third year and postgraduate levels:

• Macroeconomics,• Mathematical Economics,• International Economics,• Development Economics & Planning.

EFDA II, Semester 2, 2004 28

Tin’s Beliefs• True happiness can only be found by overcoming self-centeredness

and being a blessing to others. (Being easy-going and forgiving are the keys to enduring contentment.)

• The only effective solution for the problem of youth unemployment is to provide an adequate supply of attractive jobs (safe, stimulating, and with good prospects), which are at present available only to a small elite group of outstanding youths (e.g. university graduates).

(Details in: Economic Theory III)• It is unnecessarily wasteful at both social and individual levels to

allow:– a high rate of failures among university students in each subject and – each student to pass the subject without their acquiring knowledge and skills

useful for their subsequent careers.

• Hence, it is one of Tin’s top priorities to do all he can: – to stimulate students’ interest in studying and acquiring useful skills and– to help them to pass (and to realise their true potential in) each subject he

taught.