On completion of a major in econometrics or business statistics, students should have developed a quantitative and statistical way of thinking about business and economics problems. Over a three year sequence students should have progressed from a general understanding to a thorough understanding of one or more of economic theory, applied econometrics, forecasting, business statistics and management science. They should have acquired a detailed knowledge of the theoretical foundations of their chosen areas, the current methods of application, and a working knowledge of supporting computer software packages. Students should have developed critical and analytical abilities to successfully apply quantitative techniques as well as logical problem solving skills. They should have acquired skills in extracting, analysing, interpreting and reporting quantitative information to aid decision making. Potential honours students will have been provided with the background required to proceed with studies at fourth year level.
The Department of Econometrics and Business Statistics offers two first-year subjects, ETC1020 and ETC1031/ETC1032 both of which are compulsory for undergraduate students enrolled in the Bachelor of Accounting, Bachelor of Commerce or Bachelor of Economics, seven second-year subjects, and eight third-year subjects and a fourth-year honours program.
Students who have not obtained a pass in ETC1031 and who wish to proceed to work in economic statistics at the third-year level should take ETC2410. ETC2400 and ETC2410 cover the same material but from different perspectives. ETC2400 places more emphasis on the statistical theory which underlies econometrics while ETC2410 takes a much more applied approach.
All the subjects listed above have as a prerequisite a pass in ETC1031/ETC1032. Further prerequisites and restrictions are prescribed in the outline of individual subjects.