MajorUndergraduate

MTHFNDEC01 Mathematical foundations of econometrics

Faculty of Business and Economics

Mathematical foundations of econometrics (MTHFNDEC01) is a major worth 48 credit points, listing 16 units, taught at Clayton. It is offered in 1 course: Bachelor of Commerce.

Credit points: 48
Units: 16
Campus: Clayton
Offered in: 1 course

This is the 2024 handbook entry. See the 2026 entry.

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Requisite map

Overview

Econometrics uses statistical data and methods to quantify and validate economic relationships, with a view to informing and guiding economic decisions and policy making. This major will provide you with training in the mathematical and statistical foundations of the discipline. This training will enable you to understand the properties of the econometric methods that underlie applied work, and to make empirically relevant methodological and theoretical contributions to the field. Compulsory units in the foundational content are complemented by elective units in computational mathematics, real analysis, mathematical economics and mathematical field.

Availability
Mathematical foundations of econometrics is listed in B2001 Bachelor of Commerce at Clayton as a major.

Structure

Major requirements

No more than 12 credit points at Level 1 may be credited to a major and at least 18 credit points must be credited to the major at Level 3.

Core units24 credit points

You must complete the following four units (24 credit points):

You will not need to complete ETC2520 if you are enrolled in the double degree, Bachelor of Commerce and Bachelor of Science, and undertaking the Mathematical statistics major. In order to achieve the required credit points you must select any Level 2 unit from the Department of Econometrics and Business Statistics or the School of Mathematical Sciences.

You will not need to complete ETC2440 if you are enrolled in the double degree, Bachelor of Commerce and Bachelor of Actuarial Science. You must complete both ETC3410 and ETC3450 from Part b of the major.

Additional core unit6 credit points

You must either complete one of the following units and three from the Elective units as listed, or complete both of the following units and only two units from the Elective units as listed.

Elective units18 credit points

You must complete two or three units from the following, depending on the number of Additional core unit/s chosen above.
If you are considering ECC2000 or ECC2010, you may only choose to complete one of the two units, to be included in your 12 credit points.
If you are considering ETC3430 or MTH3251, you may only choose to complete one of the two units, to be included in your 12 credit points.

Courses that offer it

B2001MajorBachelor of CommerceNo reviews yet

Learning outcomes

In addition to achieving the broad outcomes of your course, and successfully completing this area of study, you will be able to:

1
Acquire an in-depth knowledge of the particular concepts and tools of mathematics, probability and mathematical statistics that underpin modern econometrics
2
Fully participate in methodological and theoretical advances in the field by being sufficiently well trained in its mathematical and statistical foundations
3
Appreciate the theoretical properties of the econometric methods used in economic decision making.

Common questions

Which courses offer Mathematical foundations of econometrics?

1 course in 2024: Bachelor of Commerce.

What units are in Mathematical foundations of econometrics?

It lists 16 units, including ECC2000, ECC2010, ECC2551, ETC1010, ETC2410, ETC2440, ETC2520 and ETC3400. The structure above shows which are required and which you choose.

Major details

Type: Major
Study level: Undergraduate
Credit points: 48

Faculty: Faculty of Business and Economics
Handbook years: 2021 2022 202320242025 2026