Econometrics

Econometrics applies mathematical and statistical techniques to the analysis of business and economic data. There is always strong demand for graduates with quantitative skills. The impact of information technology means there are huge data sets now available, such as data sets of financial market activity or of consumer markets via supermarket scanning.

This adds considerably to the high-level prospects for graduates with the quantitative skills to deal with the potential of the data, such as in the analysis of energy demand, greenhouse gas emissions, international trade flows or consumer behaviour.

The Econometrics major is available in the Bachelor of Economics and related degrees, the Bachelor of Commerce and related degrees, the Bachelor of Agricultural Economics and the Bachelor of Resource Economics.

Requirements

I started my degree before 2014

For the award of a major in Econometrics students complete junior prerequisite units and 36 credit points in senior units:

(i) two junior prerequisite units of study (12 credit points), as follows:
 ECMT1010 Business and Economic Statistics A
 ECMT1020 Business and Economic Statistics B

(ii) two compulsory senior units of study (12 credit points), as follows:
 ECMT2110 Regression Modelling
 ECMT3110 Econometric Models and Methods.

(iii) one senior elective unit of study (six credit points) selected from the following:
 ECMT3120 Applied Econometrics
 ECMT3130 Forecasting for Economics and Business
 ECMT3150 The Econometrics of Financial Markets
 ECMT3170 Computational Econometrics

(iv) a minimum of three senior units of study (18 credit points) selected from the following:
 ECMT2120 Analysis of Discrete Choice Data
 ECMT2130 Financial Econometrics
 ECMT3120 Applied Econometrics
 ECMT3130 Forecasting for Economics and Business
 ECMT3150 The Econometrics of Financial Markets
 ECMT3160 Statistical Modelling
 ECMT3170 Computational Econometrics
 Any elective unit offered in subsequent years under the Econometrics major.

I started my degree in or after 2014

For the award of a major in Econometrics, students complete junior prerequisite units and 36 credit points in senior elective units:

 
(i) two junior prerequisite units of study (12 credit points), as follows:
 ECMT1010 Business and Economic Statistics A (or BUSS1020 Quantitative Business Analysis #)
 ECMT1020 Business and Economic Statistics B

(ii) two compulsory senior units of study (12 credit points), as follows:
 ECMT2150 Cross Section Econometrics ^
 ECMT2160 Time Series Econometrics ^
^ Units available from 2015

(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):
 ECMT2120 Analysis of Discrete Choice Data
 ECMT2130 Financial Econometrics*
 ECMT3120 Applied Econometrics
 ECMT3130 Forecasting for Economics and Business
 ECMT3150 The Econometrics of Financial Markets
 ECMT3160 Statistical Modelling
 ECMT3170 Computational Econometrics
 ECOS3903 Applied Microeconomics Honours**
 ECOS3904 Applied Macroeconomics Honours**

* Units can only be counted towards either an econometrics major or a financial economics major, not both
** Units can only be counted toward either an economics major or an econometrics major, not both
# 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 award courses.