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.
Requirements for completion
The Econometrics major and minor requirements are listed in the Econometrics unit of study table.
Overlapping 1000 level core units of study
For students who are completing majors in both Econometrics and in Financial Economics, where ECMT1010 Introduction to Economic Statistics is a core unit for both majors, the overlapping 1000 level core unit can count towards the requirements for both majors.
Students need to complete 6 credit points in elective units of study to make up for the overlap and ensure the required total of credit points are completed for their degree. The elective unit can be from the School of Economics electives or from Table S. For more information please refer to the Economics Degree Subject Area.
Learning outcomes
| No. | Learning outcome |
|---|---|
| 1 | Demonstrate an understanding of probability, econometric theory and methods for statistical analysis of economic data. |
| 2 | Demonstrate an ability to use appropriate econometric techniques to work with cross-sectional and time series data. |
| 3 | Demonstrate an understanding of statistical issues that arise when dealing with economic data and use appropriate techniques to deal with these issues. |
| 4 | Demonstrate an ability to use econometric tools to evaluate the validity of an economic argument by conducting appropriate statistical analysis of economic data. |
| 5 | Demonstrate an ability to clearly communicate the results & implications of informed & complex econometric analysis. |
| 6 | Demonstrate an ability to apply econometric analysis to work & research in other relevant disciplinary communities. |
| 7 | Demonstrate an ability to use a range of statistics and econometrics computer software. |
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.
Honours
Honours admission requirements
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.
Contacts and further information
School of Economics sydney.edu.au/arts/economics
Email:
Example Pathways
Econometrics pathway to major
| Year and Semester | Units of Study | ||
|---|---|---|---|
| Year 1 |
Sem 1 | ECMT1010 Introduction to Economic Statistics | |
| Sem 2 | ECMT1020 Introduction to Econometrics | ||
| Year 2 |
Sem 1 | ECMT2150 Intermediate Econometrics or ECMT2950 Intermediate Econometrics - Advanced | |
| Sem 2 | ECMT2160 Econometric Analysis | ||
| Year 3 |
Sem 1 |
3000 level Econometrics major selective unit |
3000 level Econometrics major selective unit |
| Sem 2 | 3000 level Econometrics major selective unit | ECMT3997 Interdisciplinary Impact in Econometrics or ECOS3997 Interdisciplinary Impact in Economics | |
Econometrics pathways to minor
| Year and Semester | Units of Study | |
|---|---|---|
| Year 1 |
Sem 1 | ECMT1010 Introduction to Economic Statistics |
| Sem 2 | ECMT1020 Introduction to Econometrics | |
| Year 2 |
Sem 1 | ECMT2150 Intermediate Econometrics / ECMT2950 Intermediate Econometrics - Advanced |
| Sem 2 | ECMT2160 Econometric Analysis | |
| Year 3 |
Sem 1 | 3000 level Econometrics major selective unit |
| Sem 2 | 3000 level Econometrics major selective unit | |
Econometrics double major pathway
Financial Economics and Econometrics
Note: this example is for students not enrolled in the Bachelor of Economics
| Year and Semester | Units of study | ||
|---|---|---|---|
| Year 1 | S1 | ECON1001 Introductory Microeconomics |
ECMT1010 Introduction to Economic Statistics |
| S2 | ECMT1020 Introduction to Econometrics | ||
| Year 2 | S1 |
ECOS2040 Financial Economics major core unit |
ECMT2150 Intermediate Econometrics / ECMT2950 Intermediate Econometrics - Advanced |
| S2 | ECMT2130 Financial Econometrics | ECMT2160 Econometric Analysis | |
| Year 3 | S1 | ECOS3022 The Economics of Financial Markets | ECMT3XXX/ECOS3XXXEconometrics major selective unit |
| ECOS3XXX/ECMT3XXX Financial Economics major selective unit | ECMT3XXX/ECOS3XXXEconometrics major selective unit | ||
| S2 | ECOS3XXX/ECMT3XXX Financial Economics major selective unit | ECMT3XXX/ECOS3XXXEconometrics major selective unit | |
| ECOS3997 Interdisciplinary Impact in Economics | ECON3998 Industry and Community Project | ||