Postgraduate - Course3822 - Master of Applied Econometrics

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.

Upon successful completion of this course it is expected that graduates 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

• have advanced knowledge to master's 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 has two main components:

• a specialisation in econometrics and business statistics
• a research project.

Students must complete:

(a.) two core units (18 points)

• ETF3200 Applied econometrics or ETC3410 Applied econometrics
• ETF5550 Research project (12 points)

(b.) one of the following units (6 points)

• ETF2700 Mathematics for business
• ETC2440 Mathematics for economics and business

(c.) one of the following units (6 points)

• ETF3300 Quantitative methods for financial markets
• ETF3600 Quantitative models for business research
• ETC3400 Principles of econometrics
• ETC3460 Financial econometrics
• ETC3450 Time series analysis for business and economics

(d.) four units (24 points) from the following list, including at least one of those marked with an asterisk (*):

• ETC4400 Econometric theory
• ETC4410 Applied econometrics 2
• ETC4420 Microeconometrics
• ETC4460 Financial econometrics 2
• ETC4480 Optimization for management
• ETC5400 Research topics in econometrics
• ETC5410 Bayesian Time Series Econometrics
• ETF5000 Special reading unit 1
• ETF5200 Applied time series econometrics*
• ETF5300 Applied financial econometrics
• ETF5400 Econometric theory
• ETF5410 Special topics in econometrics
• or units from (c.) not previously taken.

(e.) a further three units (18 points) subject to course coordinator approval and the following conditions:

• may be taken from disciplines offered by another faculty
• may be taken from any Faculty of Business and Economics programs and campuses.

These units can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; postgraduate units are those that commence with the number 5.

Additional degree requirements:

• students must complete a minimum of eight units (48 points) at 4000 or 5000-level
• students with suitable backgrounds may be permitted to substitute approved alternative units for those required in (a.), (b.) and (c.) above.

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:

• 1679 Graduate Certificate in Business after successful completion of 24 points of study
• 3816 Graduate Diploma in Applied Econometrics after successful completion of 48 points of study.

Master of Applied Econometrics