B6036 Master of Applied Econometrics

The course is structured in three parts. Part A. Advanced preparatory, Part B. Mastery knowledge and Part C. Electives

Part A. Advanced preparatory

These studies will introduce you to econometrics at advanced undergraduate and graduate level, and are intended for students whose previous qualification is not in a cognate field.

Part B. Mastery knowledge

These studies will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions.

Part C. Electives

These studies will enable you to further develop your knowledge of your specialisation, or more broadly, select any units from across the university in which you are eligible to enrol. You can also use these studies to select elective units that provide a research pathway towards a Doctor of Philosophy course.

Master's entry points

Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:

• If you are admitted at entry level 1 you must complete 72 credit points, comprising Part A, Part B and Part C
• If you are admitted at entry level 2 you must complete 48 credit points, comprising Part B and 12 credit points from Part C.

Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.

Research Option

Due to availability of units and progression requirements, the research pathway is available to full-time students who commence the course at:

• Entry level 1 commencing semester two of an academic year

Part-time students interested in the research pathway should contact the Course Coordinator.

Students undertaking the double degree with the Master of Global Business or the Master of Advanced Finance cannot undertake the Research pathway in the Master of Applied Econometrics.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

The course comprises 72 credit points structured in three parts: Part A. Advanced preparatory (12 credit points), Part B. Mastery knowledge (36 credit points) and Part C. Electives (24 credit points).

Units are 6 credit points unless otherwise stated.

Part A. Advanced preparatory (12 credit points)

a. You must complete two units from the following (12 credit points):

• ETF5910 Introductory applied econometrics / ETC5241 Introductory econometrics
• ETF5320 Applied econometrics / ETC5341 Applied econometrics

Part B. Mastery knowledge (36 credit points)

You must choose the Applied Pathway or the PhD Pathway (there is a hurdle requirement for entry into this pathway).

i. Applied pathway (36 credit points)

You must complete two units (12 credit points) from the following:

• ETX5200 Time series and panel data econometrics or ETC5420 Microeconometrics
• ETF5560 Case studies*

*Research project unit

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

You may undertake ETX5200 or ETC5420 if not undertaken in your core units above.

• ETC5340 Principles of econometrics
• ETC5410 Bayesian time series econometrics 
• ETC5420 Microeconometrics 
• ETC5440 Statistical theory and practice
• ETF5231 Business forecasting
• ETF5321 Econometrics and statistics of the environment
• ETF5330 Quantitative methods in financial markets or ETC5346 Financial econometrics
• ETF5500 High dimensional data analysis
• ETF5600 Quantitative analysis of limited dependent variables
• ETX5441 Macroeconometrics
• ETX5460 Advanced financial econometrics
• ETX5200 Time series and panel data econometrics

OR

• ETC5860 Honours Research Project (12 credit points)
• ETX5200 Time series and panel data econometrics

You must complete three units from the following (18 credit points):

Note: depending on your unit selection you may be required to undertake specific prerequisites as part of the elective units in Part C:

• ETC5440 Statistical theory and practice
• ETX5460 Advanced financial econometrics
• ETC5410 Bayesian time series econometrics
• ETX5441 Macroeconometrics
• ETC5420 Microeconometrics

Part C. Electives (24 credit points)

You must complete four elective units (24 credit points) which may include units not already completed in Part B, or you may choose up to two units from the list below or you may choose any units at level 4 or 5 from the Faculty of Business and Economics, which could include study tours, consulting projects or industry placements. In addition units may be selected from across the University as long as you have met the prerequisites and there are no restrictions on enrolling in the units.

You can enrich your degree by honing your academic and professional skills through the Monash Innovation Guarantee (MIG). The MIG is your unique opportunity to collaborate with renowned industry leaders and design innovative solutions that result in real social change. MIG will give you the leadership skills you will need to adapt and thrive in a rapidly changing world and is your chance to make connections before you graduate. The MIG unit may be credited in place of a free elective as a 6 credit point unit option. For information on eligibility please see FREE.

The Course Director can guide you to appropriate electives based on your area of interest.

i. Applied pathway

• ETF5970 Mathematics for business
• ETF5202 Statistical foundations of business analytics or ETC5252 Probability and statistical inference for economics and business 
• ETF5248 Optimisation for business
• ETF5922 Data visualisation and analytics

or

ii. PhD pathway

You may be required to undertake the below units as prerequisites, depending on your unit selection in Part B.  If you are considering ETF5330 or ETC5346, you may only choose to complete one of the two units, to be included in your 24 credit points.

• ETF5330 Quantitative methods for financial markets or ETC5346 Financial econometrics
• ETC5340 Principles of econometrics