Financial Economics

About the major

The major in Financial Economics is focused on the economic models used in finance, and the econometric skills needed to apply these models to financial markets and other economic data. This is an area of high employer demand in a range of diverse fields. The major can also be taken in conjunction with other majors offered by the School of Economics (Economics/Econometrics/Environmental, Agricultural and Resource Economics the Business School (such as Finance) and the Faculty of Science(Financial Mathematics).

In the first semester of their degree ECON1001 Introductory Microeconomics introduces the key microeconomic tools that will be used throughout the major. Analysing financial and economic data is a crucial component of the Financial Economics major. Students will be introduced to core statistical concepts in ECMT1010 Introduction to Economic Statistics.

In their second year, students learn the microeconomic and macroeconomic theoretical tools required for the major’s 3000-level compulsory and selective units. The emphasis is on the relationship between these theories (both micro and macro) and financial markets. In ECMT2130 Financial Econometrics students use econometric models to analyse financial data and markets. The compulsory 3000-level financial economics unit, ECOS3022 The Economics of Financial Markets, is a high-level theoretical unit that will develop critical thinking in a disciplinary context.

Requirements for completion

The Financial Economics major and minor requirements are listed in the Financial Economics unit of study table.

Advanced Coursework

The Bachelor of Advanced Studies within the School of Economics provides students with a cohesive program in advanced studies in Economics. The advanced coursework units provide students with advanced theoretical knowledge and skillsets for analysing macroeconomic policy issues and practice in Australia and internationally. They equip students with an understanding of the fundamentals of modern models of corporate finance and governance. The project units will develop communication and research skills, and allow students to apply their knowledge to a real world or policy related problem, with the opportunity to collaborate with industry partners.

Requirements and units of study for advanced coursework can be found on the Financial Economics advanced coursework units of study page.

Contact and further information

School of Economics
sydney.edu.au/arts/economics
Email:

Example Pathways

Financial Economics pathway to major

Year and Semester  Units of Study 
Year 1 Sem 1 ECON1001 Introductory Microeconomics ECON1010 Introduction to Economic Statistics
  Sem 2    
Year 2 Sem 1   ECOS2001 or ECOS2901 or ECOS2040*
  Sem 2 ECMT2130 Financial Econometrics
Year 3 Sem 1 ECOS3022 The Economics of Financial Markets ECOS3XXX/ECMT3XXX
Financial Economics major selective unit
  Sem 2 ECOS3XXX/ECMT3XXX
Financial Economics major selective unit
ECOS3997 Interdisciplinary Impact in Economics

*ECOS2040 is for students who have NOT completed ECOS2001/ECOS2901 towards a different major or program in Economics

Financial Economics pathway to minor

Year and Semester

Units of Study  
Year 1 Sem 1 ECON1001 Introductory Microeconomics ECMT1010 Introductior to Economic Statistics
Sem 2    
Year 2 Sem 1   ECOS2001 or ECOS2901 or ECOS2040*

Sem 2 ECMT2130 Financial Econometrics
Year 3 Sem 1 ECOS3022 The Economics of Financial Markets  
Sem 2 ECOS3XXX/ECMT3XXX Financial Economics major selective unit  

*ECOS2040 is for students who have NOT completed ECOS2001/ECOS2901 towards a different major or program in Economics

Double major example pathway

Financial Economics and Economics

Year and Semester Units of Study
Year 1 Sem 1 ECON1001 Introductory Microeconomics ECMT1010 Introduction to Economic Statistics
  Sem 2 ECON1002 Introductory Macroeconomics  
Year 2 Sem 1 ECOS2001 or ECOS2901 ECOS2XXX Economics major selective unit
  Sem 2 ECOS2002 Intermediate Macroeconomics ECMT2130 Financial Econometrics
Year 3 Sem 1 ECOS3022 The Economics of Financial Markets ECOS3XXX/ECMT3XXX Financial Economics major selective unit
  Sem 1 ECOS3XXX/ECMT3XXX Economics major selective unit ECOS3XXX/ECMT3XXX Economics major selective unit
  Sem 2 ECOS3XXX/ECMT3XXX Financial Economics major selective unit ECOS3XXX/ECMT3XXX Economics major selective unit
  Sem 2 ECOS3997 Interdisciplinary Impact in Economics ECOS3998 Industry and Community Project