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Monash University Handbook 2011 Undergraduate - Area of Study

All areas of study information should be read in conjunction with the relevant course entry in the Handbook. The units listed for this area of study relate only to the 'Requirements' outlined in the Faculty of Business and Economics component of any bachelors double degrees.

Managing facultyFaculty of Business and Economics


Careers in the business world that use quantitative skills include the financial sector (stockbrokers, the insurance industry, finance companies, banks - e.g. developing models for investment opportunities), the manufacturing sector (e.g. providing quality control), and market research. Opportunities in the public sector include economic modelling, policy evaluation, and research into industry development.


To complete the Econometrics and business statistics major in the Bachelor of Economics, students must complete:

(a.) Two units (12 points):

  • ETC1000 Business and economic statistics
  • ETC2410 Introductory econometrics

(b.) two units (12 points) from the units listed below:

  • ETC3400 Principles of econometrics
  • ETC3410 Applied econometrics
  • ETC3450 Time series analysis for business and economics
  • ETC3460 Financial econometrics

(c.) four units (24 points) from the units listed below and from (b.) not previously completed:

  • ECC2000 Intermediate microeconomics
  • ECC2010 Intermediate macroeconomics
  • ECC3840 Mathematical economics
  • ETC1010 Data modeling and computing
  • ETC2430 Actuarial statistics
  • ETC2440 Mathematics for economics and business
  • ETC2450 Applied forecasting for business and economics
  • ETC2470 Applied business modelling
  • ETC2480 Business modelling methods
  • ETC2500 Marketing research analysis
  • ETC2520 Probability and statistical inference for economics and business
  • ETC3420 Bayesian modelling and risk analysis
  • ETC3490 Business simulation
  • ETC3500 Survey data analysis
  • ETC3510 Modelling in finance and insurance
  • ETC3530 Contingencies in insurance and pensions
  • ETC3860 Integrated economic modeling

Note: The major requires completion of at least two units (12 points) at each of second and third-year levels.

Contact details

Relevant Courses

Single degrees

  • 0023 Bachelor of Economics

Double degrees

  • 0170 Bachelor of Arts and Bachelor of Economics
  • 1319 Bachelor of Commerce and Bachelor of Economics