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Financial Economics (Undergraduate)

Description

This is a new major available from 2011 and is only available to new and continuing students enrolled in the Bachelor of Economics and related combined degrees.

Financial Economics provides a valuable understanding of the economic models used in finance as well as the econometric skills to apply the models to financial markets. The major also focuses on the development of technical skills to analyse financial and economic data and events. The major in Financial Economics is not intended to be a substitute for the Finance major nor the Economics major. Some students may find the proposed major would be a good complement to the Finance major offered by the Discipline of Finance. Students wanting to work in the finance sector should consider doing the Finance major.

Students are able to complete a major in Finance, Economics, Econometrics or Financial Mathematics (amongst other options), alongside a major in Financial Economics; however, no subjects, at the senior level, can be double counted towards two different majors.

Note: From 2011, this subject area will be administered by the School of Economics in the Faculty of Arts and Social Sciences.

Requirements for the major

For the award of a major in Financial Economics, students complete:

(i) four junior prerequisite units of study (24 credit points), as follows:

  • ECMT1010 Business and Economic Statistics A
  • ECMT1020 Business and Economic Statistics B
  • ECON1001 Introductory Microeconomics
  • ECON1002 Introductory Macroeconomics

(ii) three compulsory senior units of study (18 credit points), as follows:

  • ECOS2002 Intermediate Macroeconomics; OR ECOS2902 Intermediate Macroeconomics Honours
  • ECMT2130 Financial Econometrics *
  • ECOS3022 The Economics of Financial Markets

* This unit requires the completion of ECMT2110 Regression Modelling as a prerequisite.

(iii) a minimum of three elective units of study (18 credit points) selected from the following:

  • ECMT3130 Forecasting for Economics and Business
  • ECMT3150 The Econometrics of Financial Markets
  • ECOS3007 International Macroeconomics
  • ECOS3010 Monetary Economics
  • ECOS3019 Capital and Dynamics
  • ECOS3021 Business Cycles and Asset Markets
  • FINC3021 Mathematical Finance
  • MATH3075 Financial Mathematics OR MATH3975 Financial Mathematics (Advanced)*

* These units are offered through the Faculty of Science and require the completion of prerequisite MATH units of study outside of the units listed for this major.

Note: Senior units of study can be used to count towards the requirements of one major only.  Senior units cannot be "double counted" towards two majors. For example, ECOS3007 cannot be counted towards both a major in Economics and a major in Financial Economics.

For further details, please refer to the Faculty of Arts and Social Sciences handbook.

Availability of this major

The Financial Economics major is an available option in the following degrees offered by the Faculty of Arts and Social Sciences and continuing Economics and Business students in these degrees:

  • Bachelor of Economics
  • Bachelor of Economics and Bachelor of Laws
  • Bachelor of Economics / Bachelor of Medicine and Bachelor of Surgery

This major is also available to continuing Business School students (students who commenced prior to 2011) in the degrees FH029 Bachelor of Economics, FH030 Bachelor of Economics and Bachelor of Laws, and FH035 Bachelor of Economics and Bachelor of Medicine and Bachelor of Surgery.

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