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.

These course outcomes are aligned with the Australian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate AttributesAustralian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate Attributes (http://www.monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).

Upon successful completion of this course it is expected that graduates will:

1. be critical and creative scholars who:
• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively
2. be responsible and effective global citizens who:
• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values
3. 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.

Students who enter this course with an undergraduate degree in business or economics or statistics and have achieved at least 65 per cent (or equivalent) in an introductory regression subject (similar to ETF2100/ETC2410) are eligible for credit for up to four units chosen from units at level 2 and 3 in parts (a.) and (b.) of the 'Requirements' for this course.

Students who enter this course with an honours degree in business, economics or statistics and have achieved at least 65 per cent (or equivalent) in an intermediate econometrics subject (similar to ETF3200/ETC3410) are eligible for credit for up to eight units from (a.) and (b.) of the 'Requirements' for this course, with four of those units from level 2 and 3.

The course has three main components:

• five compulsory units
• ten selected units.

Students must complete:

(a.) four compulsory units (24 points):

• ETC5252 Probability and statistical inference for economics and business
• ETF2100/ETC2410 Introductory econometrics
• ETF2700 Mathematics for business or ETC2440 Mathematics for economics and business
• ETF5320/ETC5341 Applied econometrics

(b.) up to four units (24 points) from the following list, of which no more than 12 points can be level 2 or 3 units

• ETF3231 Business forecasting or ETC2450 Applied forecasting for business and economics
• ETF3300 Quantitative methods for financial markets
• ETF3500/ETC3500 Survey data analysis
• ETF3600 Quantitative models for business research
• ETC5340 Principles of econometrics
• ETC5345 Time series analysis for business and economics
• ETC5346 Financial econometrics;
• a maximum of 12 points from units offered by any faculty* with approval from the course coordinator

(c.) at least six units (36 points) chosen from the following list:

• ETF5200 Applied time series econometrics
• ETF5300 Applied financial econometrics
• ETC5410 Bayesian time series analysis
• ETC5420 Microeconometrics
• ETC5440 Econometric theory
• ETC5460 Financial econometrics 2
• a maximum of 12 points from level-5 units offered by any faculty* with approval from the course coordinator

(d.) the following unit (12 points):

• ETF5550 Research project

* Suitable 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. Students must be able to meet any unit prerequisites.

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
• 3848 Graduate Diploma in Business after successful completion of 48 points of study