Econometrics

This subject area is offered by the School of Economics (Faculty of Arts and Social Sciences).

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.

Please note: All units of study from the Econometrics subject area (ECMT) completed will count towards the non-Business School unit allowance for Business School degrees. The number of units students can complete from another faculty (non-Business School) are restricted (refer to individual degree rules for details). Students enrolled in the combined Commerce and Law program cannot complete any units from outside of the Business School as electives for this major.

Requirements for a major in Econometrics

Note: These requirements are for students enrolled in the Bachelor of Commerce and related combined degrees and the Bachelor of Commerce (Liberal Studies).

For the award of a major in Econometrics, students complete:

(i) two junior prerequisite units of study (12 credit points), as follows:

• BUSS1020 Quantitative Business Analysis (OR ECMT1010 Business and Economic Statistics A) +
• ECMT1020 Business and Economic Statistics B.

+ The core unit BUSS1020 substitutes for ECMT1010 for students in the Bachelor of Commerce and related combined degrees.

(ii) two compulsory units of study (12 credit points), as follows:

• ECMT2110 Regression Modelling
• ECMT3110 Econometric Models and Methods.

(iii) a senior elective unit of study (six credit points), selected from the following options:

• ECMT3120 Applied Econometrics
• ECMT3130 Forecasting for Economics and Business
• ECMT3150 The Econometrics of Financial Markets
• ECMT3170 Computational Econometrics*

(iv) a minimum of three senior elective units of study (18 credit points), selected from the following options:

• 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.*

* Not offered for 2013.

Please check the Units of study for details of the unit prerequisites, corequisites and other requirements.