Econometrics Major (Undergraduate)
Description
Econometrics applies mathematical and statistical techniques to the analysis of business and economic data. There has always been a strong demand for graduates with quantitative skills. The impact of information technology has meant that 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.
Requirements for the major
Students intending to complete a major in Econometrics must complete the following two prerequisite junior units of study (12 credit points):
- ECMT1010 Business and Economic Statistics A; OR ECOF1010 Business and Economic Statistics A - Advanced (new unit for 2010)
- ECMT1020 Business and Economic Statistics B
For a major in Econometrics, students shall complete a minimum of 36 credit points in senior units of study, comprising:
- Two compulsory senior units of study (12 credit points), as follows:
- At least four units of study (24 credit points) of elective units of study selected from the following:
- ECMT2120 Analysis of Discrete Choice Data
- ECMT2130 Financial Econometrics
- ECMT2620 Management Science
- ECMT2630 Management Decision Making
- ECMT2640 Operations Management
- ECMT3120 Applied Econometrics
- ECMT3130 Forecasting for Economics and Business
- ECMT3150 The Econometrics of Financial Markets
- ECMT3170 Computational Econometrics
- ECMT3180 Business Risk Management (new unit for 2010)
- ECMT3610 Management Science Models and Methods
- ECMT3640 Project Planning and Management.
Please Note: The units listed above are those units which are being offered for the current year only. For details of units of study that available as electives in this major, please refer to the Faculty handbook.
Requirements for the extended major
To obtain an extended major in Econometrics, students must complete the following units of study (including 48 credit points in senior units of study):
- All the prerequisite and compulsory units listing under the Econometricsmajor (see above)
- At least six senior elective units of study (36 credit points) selected from those listing under the Econometrics major (those listed under point (ii) above).
Pre-2006 students
Students who commenced their degree prior to 2006 may complete the following to qualify for a major in Econometrics:
- Two compulsory junior units of study: ECMT1010 and ECMT1020
- A minimum of 32 credit points of senior (2000 or 3000 level) units of study in Econometrics (including ECMT2010/2110 and ECMT3010/3110).
Availability of this major
The Econometrics major is an available option in the following degrees offered by the Faculty of Economics and Business:
- Bachelor of Commerce
- Bachelor of Commerce and Bachelor of Arts
- Bachelor of Commerce and Bachelor of Laws
- Bachelor of Commerce / Bachelor of Medicine and Bachelor of Surgery
- Bachelor of Commerce and Bachelor of Science
- Bachelor of Commerce (Liberal Studies)
- Bachelor of Economics
- Bachelor of Economics and Bachleor of Laws
- Bachelor of Economics / Bachelor of Medicine and Bachelor of Surgery.
Students in the following degrees administered by the Faculty of Engineering and Information Technologies also have the option of completing a major in Econometrics:
- Bachelor of Engineering and Bachelor of Commerce
- Bachelor of Information Technology and Bachelor of Commerce.
Students in the following degree administered by the Faculty of Arts also have the option of completing a major in Econometrics:
An Econometrics major or electives in this area may also be available to students enrolled in other degrees in the University. Students should check the other faculty's course information for further details.
