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.
To obtain the award of a major in Econometrics students complete eight units of study (48 credit points) including:
- Two compulsory junior units (12 credit points):
- ECMT1010 Business and Economics Statistics A (or BUSS1020 Quantitative Business Analysis)
- ECMT1020 Business and Economics Statistics B
- ECMT2110 Regression Modelling
- ECMT3110 Econometric Models and Methods
- ECMT3120 Applied Econometrics
- ECMT3130 Forecasting for Economics & Business
- ECMT3150 The Econometrics of Financial Markets
- ECMT3170 Computational Econometrics