Monash University

Honours - Area of study

Students who commenced study in 2015 should refer to this area of study entry for direction on the requirements; to check which units are currently available for enrolment, refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your area of study.

print version

Managing facultyFaculty of Business and Economics


  • Unit codes that are not linked to their entry in the Handbook are not available for study in the current year.


In the new information economy, professionals are confronted with masses of data. They are expected to apply econometric methods to analyse this data and provide evidence to management for informed decision-making. The applied econometrics programs are designed to develop expertise in this area, by providing quantitative skills to carry out regression analysis, forecasting, financial market analysis and survey data analysis.

Further information can be found on the faculty's What is econometrics?What is econometrics? ( webpage.


To complete the econometrics major in the Bachelor of Commerce (Honours) or the Honours degree of Bachelor of Economics Advanced with Honours, students must complete:

(a.) One core unit (12 points):

(b.) At least three units (18 points) from the following list:

  • ETC4010 Reading unit
  • ETC4400 Econometric theory
  • ETC4410 Applied econometrics 2
  • ETC4420 Microeconometrics
  • ETC4430 Quantitative economic policy
  • ETC4460 Financial econometrics 2
  • ETC4480 Optimisation for management
  • ETC4541 Bayesian time series econometrics

(c.) Up to three further honours units (18 points) subject to the following conditions:

  • a maximum of two third-year level units from the departments of Econometrics and Business Statistics, Economics, Accounting and Finance, or School of Mathematical Sciences (Faculty of Science). It is strongly recommended that ETC3400 (Principles of econometrics) be included, if the student has not previously passed this unit
  • a maximum of three units from honours units offered by the Department of Economics or the School of Mathematical Sciences
  • a maximum of two units from honours units offered by other departments in the faculty or University.

These units can be identified using the browse units toolbrowse units tool ( in the current edition of the handbook. The level of the unit is indicated by the first number in the unit code; honours units are those that commence with the number 4.

Students must have their enrolment approved by the head, or nominee of the Department of Econometrics and Business Statistics.

Contact details

Relevant courses

  • 0181 Bachelor of Commerce (Honours)
  • 4430 Bachelor of Economics Advanced with Honours