Monash University Handbook 2010 Postgraduate - Course

This course provides the quantitative skills and expertise required to carry out regression analysis, forecasting and financial market analysis. Students acquire the skills to take responsibility for designing and implementing applied econometric projects and the ability to communicate the results to wider audiences. These skills are extremely attractive to the business and finance community.

Master of Applied Econometrics aims to produce graduates who will:

(a.) be critical and creative scholars who:

• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively

(b.) be responsible and effective global citizens who:

• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values

(c.) have a comprehensive understanding of econometric methods and be able

to provide discipline based solutions relevant to the business, professional and public policy communities we serve

(d.) have advanced knowledge to masters level in applied econometrics.

The course has a mandatory research component comprising either 16 per cent or 33 per cent of the total course, depending on the option selected.

The course structure has two main components:

• a set of core units in econometrics
• a research component.

(a.) Students must complete six units (36 points) from the following list:

• ETC5351 Modelling in finance and insurance
• ETC5420 Microeconometrics
• ETC5460 Financial econometrics 2
• ETF5000 Special reading unit 1
• ETF5010 Special reading unit 2
• ETF5200 Applied econometrics
• ETF5231 Business forecasting
• ETF5300 Applied financial econometrics
• ETF5400 Special topics in econometrics 1
• ETF5410 Special topics in econometrics 2
• ETF5480 Optimisation for managers
• ETF5500 Survey data analysis
• ETF5600 Quantitative models for business research
• ETF9100 Introductory applied econometrics
• ETF9121 Data analysis in business
• ETF9200 Econometric analysis in business
• ETF9300 Financial econometrics
• ETF9350 Econometrics for financial markets
• ETF9480 Business modelling
• ETF9700 Mathematics for business
• ETX5440 Econometric theory
• ETX5443 Quantitative economic policy
• ETX9520 Quantitative methods for risk analysis

(b.) Students must complete one of the following options (36 points):

Option one

(i.) ETF5555 Minor thesis (24 points)

(ii.) two elective units (12 points) at graduate level, subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

Option two

(i.) ETF5550 Research project (12 points)

(ii.) four elective units (24 points) at graduate level subject to the following conditions:

• a maximum of two elective units (12 points) may be taken from other faculties.

Additional degree requirements:

• students must study a minimum of four 5000-level units.

This degree may serve as a pathway to a higher degree by research. Students considering a research degree are advised to consult a course coordinator prior to making an application.

Students wishing to exit the Master of Applied Econometrics early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Applied Econometrics after successful completion of 48 points of study.

Master of Applied Econometrics