ECONOMTR02 Econometrics
Faculty of Business and Economics
Econometrics (ECONOMTR02) is an area of study worth 24 credit points, taught at Clayton.
- Credit points
- 24
- Units
- 0
- Campus
- Clayton
This is the 2020 handbook entry. See the 2026 entry.
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Requisite map
None of the units in Econometrics have prerequisites in the 2020 handbook.
Overview
In order to make the best possible decisions under uncertain conditions, business and government policy makers need to quantify the consequences of all possible options available to them. Econometricians use empirical evidence to predict the set of possible outcomes and determine the risks involved in each possible course of action, to help policy makers in this decision making process. They also use data to evaluate the effectiveness of existing social and economic policies.
Availability
Econometrics is listed in the Bachelor of Commerce at Clayton as a major or minor.