The Econometrics specialisation is designed to produce graduates with skills that can realise the profit potential of data. It is intended for students who have a primary interest in the analysis of data, as well as for those wishing to develop their analytical skills in the primary area of economics. Students may be looking towards future employment in analysis. The core of the Econometrics major comprises a skills unit and a general applications unit. The electives allow students to pursue advanced study in specific high profile areas of analysis including modelling methods, applied choice models for marketing, applied financial econometrics, applied forecasting, and modelling for management.
Requirements for the specialisation
To obtain an Econometrics specialisation, students must complete at least three units of study (18 credit points), comprising:
- one compulsory unit of study (six credit points):
- ECMT6002 Econometric Applications
- ECMT6003 Applied Business Forecasting
- ECMT6005 Applied Discrete Choice Modelling *
- ECMT6006 Applied Financial Econometrics
- ECMT6007 Panel Data Econometrics / Analysis of Panel Data
- ECMT6901 Econometric Modelling *
* These units are not offered for 2012
Please Note: For details these units of study, please refer to the University of Sydney's Online unit of Study Handbook.
Sequence of Study Example
The following table illustrates an example sequence of study for a student studying full-time in the Master of Economics (four units of study per semester) completing the requirements for an Econometrics specialisation. (In this example, compulsory foundation units of study are in bold, compulsory units for the degree are in italics, and units required for the Econometrics specialisation are underlined)
|Year||Semester||Units of Study||Total credit points|
|1||1||Microeconomic Theory||Macroeconomic Theory||Principles of Econometrics||elective or unit for specialisation||24|
|2||Econometric Applications||Microeconomic Analysis 1||elective or unit for specialisation||elective unit for Econometrics specialisation*||24|
|2||1||Macroeconomic Analysis 1||Mathematical Methods of Economic Analysis||elective or unit for specailisation||elective unit for Econometrics specialisation*||24|
* Students can complete their elective unit(s) of study for the Econometrics specialisation in any semester, subject to unit availability and pre/corequisite requirements.
Please Note: The information listed in this example is based on unit of study offerings for 2011 and is meant as a guide only. Students are usually able to complete the units of study for their degree in different sequences to that listed above and should always check the requirements for individual units of study before attempting to enrol in them. For example, local full-time students may complete three units of study per semester or students may be able to complete units in the Summer or Winter School sessions and in most cases complete a second major can be completed. Students are advised to plan their degree based upon your individual needs and to contact the Faculty Office if you need any assistance in planning your progression in your degree