Econometrics

The major in Econometrics focuses on the application of mathematical and statistical techniques to the analysis of social, financial, business and economic data, which is available in ever-increasing quantity and complexity. It blends the essentials of economics with a balanced and rigorous training in modern econometric theory and associated empirical methods. This major is training for an area of high employer demand, with employers increasingly looking for graduates with highly sophisticated quantitative skills.

Requirements for completion

Note that students who commenced the major prior to 2018 should consult the relevant Faculty Handbook for details of its requirements. Further information is also available here.

A major in Econometrics requires 48 credit points from the Unit of Study table including:

(i) 12 credit points of 1000-level units of study

  • ECMT1010 Introduction to Economic Statistics
  • ECMT1020 Introduction to Econometrics

(ii) 12 credit points of 2000-level core units of study

  • ECMT2150 Intermediate Econometrics
  • ECMT2160 Econometric Analysis

(iii) 24 credit points of 3000-level selective units of study; which includes 6 credit points of 3000-level Interdisciplinary Project unit

  • ECMT3110 Econometric Models and Methods
  • ECMT3120 Applied Econometrics
  • ECMT3130 Forecasting for Economics and Business
  • ECMT3160 Statistical Modelling
  • ECMT3170 Computational Econometrics
  • ECOS3903 Applied Microeconometrics
  • ECOS3904 Applied Macroeconometrics

A minor in Econometrics requires 36 credit points from the Unit of Study table including:

(i) 12 credit points of 1000-level units of study

  • ECMT1010 Introduction to Economic Statistics
  • ECMT1020 Introduction to Econometrics

(ii) 12 credit points of 2000-level core units of study

  • ECMT2150 Intermediate Econometrics
  • ECMT2160 Econometric Analysis

(iii) 12 credit points of 3000-level selective units of study

  • ECMT3110 Econometric Models and Methods
  • ECMT3120 Applied Econometrics
  • ECMT3130 Forecasting for Economics and Business
  • ECMT3160 Statistical Modelling
  • ECMT3170 Computational Econometrics
  • ECOS3903 Applied Microeconometrics
  • ECOS3904 Applied Macroeconometrics

Econometrics major for students who commenced prior to 2018

For the award of a major in Econometrics students complete:

(i) two junior prerequisite units of study (12 credit points), as follows:

  • ECMT1010 Introduction to Economic Statistics (or BUSS1020 Quantitative Business Analysis#)
  • ECMT1020 Introduction to Econometrics

(ii) two compulsory senior units of study (12 credit points), as follows:

  • ECMT2150 Intermediate Econometrics
  • ECMT2160 Econometric Analysis

(iii) four senior elective units of study (24 credit points) selected from the following with a minimum of three at the 3000 level (18 credit points):

  • ECMT2130 Financial Econometrics
  • ECMT3110 Econometric Models and Methods
  • ECMT3120 Applied Econometrics
  • ECMT3130 Forecasting for Economics and Business
  • ECMT3150 The Econometrics of Financial Markets
  • ECMT3160 Statistical Modelling
  • ECMT3170 Computational Econometrics
  • ECMT3171 Spatial Econometrics*
  • ECOS3903 Applied Microeconometrics
  • ECOS3904 Applied Macroeconometrics

* Unit not offered in 2018

# BUSS1020 is a core unit for the Bachelor of Commerce and related degrees and substitutes for the junior prerequisite unit ECMT1010 for students enrolled in those courses.

Any senior unit can only be counted toward one major (be it the Economics, Econometrics, Financial Economics, Agricultural Economics or Environmental and Resource Economics major).

Please note, ECOS3903 and ECOS3904 require the completion of additional prerequisites/corequisites outside of those prerequisite units of study listed for this major.