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An Econometrician uses statistical methods and mathematical models to analyse economic data and test hypotheses. You might work in research institutions, financial organisations, or government agencies. Econometricians focus on interpreting economic trends, forecasting future economic conditions, and providing insights to inform policy and business decisions. You’ll apply advanced statistical techniques to evaluate economic theories and contribute to strategic planning.
Econometricians play a crucial role in understanding and predicting economic phenomena. You’ll need strong analytical skills and a deep understanding of economics and statistics. Effective communication is essential for presenting findings and advising on economic strategies, ensuring that your analyses support informed decision-making and policy development.
There are 6 courses available for people who want to become an Econometrician. These are the top 5 most popular courses.
Possible job outcomes:
The Master of Applied Econometrics centres on the practical application of advanced econometric modelling methods. This course responds to the growing demand for econometric skills - the use of statistical methods in analysing economic data - heightened by technological advancements in big data. It is tailored for individuals keen to understand fiscal responses to macroeconomic conditions, market behaviours such as collusion among petrol retailers in Australia, and the effects of trade liberalisation on wage inequality. .
Average duration: 18 months.
The Bachelor of Commerce (Honours) (Econometrics) offers a supportive setting for students to refine their skills as econometricians. This course emphasises the development of abilities highly prized by discerning employers, including analytical thinking, problem-solving, quantitative methods, data analysis, research proficiency, and effective communication. It aims to equip students with the vital skills necessary for a successful career in econometrics and related fields. .
Average duration: 12 months.
The Bachelor of Commerce (Honours) (Economics) offers a nurturing environment for students to enhance their capabilities as economists. This course focuses on cultivating skills that are highly sought after by employers, such as analytical thinking, problem-solving, quantitative methods, data analysis, research, and effective communication. These competencies are essential for a successful career in economics and related fields. .
The Bachelor of Commerce (Economics) delves into the efficient allocation of resources in societies. It provides knowledge on economic tools, their application in business and policy, and the interactions between individuals, firms, and governments. This course explores diverse topics including labour, health care, financial investments, and taxation. Students will grasp how economies function and be equipped to evaluate and instigate policy shifts..
Average duration: 3 years.
The Bachelor of Science (Statistics) offers an in-depth education in statistical theory and practical methods. It focuses on building analytical and problem-solving abilities, particularly in data analysis, experimental design, and probability. This course includes practical work with real-world data and trains you in industry-relevant statistical software. Graduates are well-equipped to meet contemporary industry demands, combining statistical know-how with computational skills for insightful data analysis..
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Here are some potential career pathways within mathematics and statistics. Click on an occupation to learn more about the role and the qualifications that can help you get started in this industry.
Mathematics and Statistics
Actuarial Analyst
$1,250 weekly pay
Applied Mathematician
Applied Statistician
Bioinformatician
Biomathematician
Computer Vision Engineer
Econometrician
Mathematical Modeller
Mathematician
$1,440 weekly pay
Operations Research Analyst
Physicist
Quantitative Analyst
Quantitative Researcher
Statistical Analyst
Statistician
$1,540 weekly pay
Actuarial Consultant
$1,500 weekly pay
Actuary
$1,920 weekly pay
Biostatistician
Computational Physicist
Financial Engineer
Risk Analyst