Econometrics

About the major

The major in Econometrics focuses on the application of mathematical and statistical techniques to the analysis of social, financial, business and economic data, which is available in ever-increasing quantity and complexity. It blends the essentials of economics with a balanced and rigorous training in modern econometric theory and associated empirical methods. This major is training for an area of high employer demand, with employers increasingly looking for graduates with highly sophisticated quantitative skills.

In the first semester of students’ first year ECMT1010 Introduction to Economic Statistics introduces the basic statistical tools of analysis and how to manipulate economic data. In second semester of students’ first year ECMT1020 Introduction to Econometrics introduces regression analysis.

The tools of econometric analysis are further developed in ECMT2150 Intermediate Econometrics/ECMT2950 Intermediate Econometrics - Advanced during the first semester of second year. This unit presents students with many of the common challenges that arise using economic or financial data and potential solutions. This is further developed in ECMT2160 Econometric Analysis in the second semester of students’ second year.

In their third year, students develop their own models to analyse economic data in their selective units. This requires a high-level of statistical understanding informed by economic theory.

Requirements for completion

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

Honours

Honours admission requirements
If you commenced your degree prior to 2018: Admission to Honours requires an average of 70 percent or above in a major in Econometrics with:

• An average of 75 percent or above across 3000-level units in the Econometrics major; and
• Assumed knowledge of intermediate microeconomics and intermediate macroeconomics (or equivalent)

If you commenced your degree in 2018:
- Admission to Honours is via the Bachelor of Advanced Studies and requires the completion of an average of 70 percent or above in a major in Econometrics with:

• An average of 75 percent or above across 3000- level units in the Econometrics major; and
• Assumed knowledge of intermediate microeconomics and intermediate macroeconomics (or equivalent)

Prior to commencing honours, you will need to ensure you have completed all other requirements of the relevant undergraduate degree, including Open Learning Environment (OLE) units and a second major.

Requirements and units of study for honours can be found on the Econometrics honours units of study page.

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 Econometrics advanced coursework units of study page.

Contact and further information

Website: School of Economics

Email:

Example Pathways

Econometrics pathway to major

Econometrics pathways to minor

Econometrics pathway to major
Financial Economics and Econometrics

Note: this is for students not enrolled in the Bachelor of Economics