The Econometrics major 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 seeking skills for use within current employment areas, or for understanding current research reports; or they 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.
For a major in Econometrics students must complete: one junior prerequisite unit of study (ECMT1020 Business and Economic Statistics B, which requires the completion of the core unit ECMT1010 as a prerequisite); two compulsory senior units of study (ECMT2110 Regression Modelling and ECMT3110 Econometric Models and Methods); and one senior elective unit of study (selected from ECMT3120 Applied Econometrics, ECMT3130 Forecasting for Economics and Business, ECMT3150 The Econometrics of Financial Markets or ECMT3170 Computational Econometrics) and a minimum of three senior Econometrics elective units of study (18 credit points) selected from a specified list.
Graduates with a knowledge of econometrics are in high demand because this area focuses on how to specifically measure economic theory and justify decision-making. For example, studying econometrics allows focused analysis on real-world problems such as international trade policy, energy demand modelling and modelling of consumer choice.
Further study for major
Eligible students may apply for admission to an honours year in Econometrics; or apply for admission to postgraduate study in the Business School. We offer a wide range of specialist master's degrees for graduates who want to gain specialised knowledge and skills. Our degrees have been developed in close consultation with industry to provide you with highly relevant and professional programs of study. The faculty's active involvement in quality-assurance and accreditation activities has earned us the top international accreditations available to business schools worldwide and has enabled us to forge strategic alliances on a global scale. By choosing to study one of our accredited degree programs, you can be certain that the education you receive will be of the highest academic quality and will be recognised by the business community in Australia and around the world. Whatever your aspirations, our cutting-edge programs will help you to take your career in any direction you choose.