Economics (1 Viewer)

[sdfx]

Hi,

I was wondering for the econometric subjects (EMET) offered by the College of Business and Economics, what level of maths is required in order to get good results.

I've only done Mathematical Methods, is this adequate? I've heard some of the statistics courses are pretty full on and even people who had done Specialist Maths had trouble.

So just wanted to know how econometrics compares with statistics at the uni.

And also if you have an opinion on the core subjects for economics, like econ1101, econ1102, econ2101 please feel free to share them.

Thanks for your time.

 

[Sammy-Blue]

Maths Methods should be enough, although you might find it tough going at some stage depending on how well you did in it. I've done Macro and Micro 1, you can get through with decent marks with fairly little effort, and if you do put effort in it's pretty much a guranteed D/HD.

Lol, comparing STAT to EMET, you crazy kids.

I haven't done any EMET courses, but have seen snippets of EMET2007, which is equivalent to STAT2008 (which I have completed). EMET as far as I'm aware takes on a much more theoretical nature compared to STAT, which is pretty much just the maths (why is this our result and what does it mean, not how do we get the result). Although it certaintly required a higher understanding of maths than any other subjects from the school of economics I've encountered.

 

[sdfx]

Cheers. I have to choose either a statistics or an econometrics stream not, not sure which I should be doing. From your post seems like statistics would be the more practical and interesting route.

I'll just be patient and see how I go with the courses through the year.

 

[Sammy-Blue]

Although if you have to do STAT2001 , just take the EMET path.

 

[jas0nt]

micro 1 - easy
macro 1 - easy
micro 2 - slightly harder than econ1101, explains stuff more indepth which you were just given in econ1101. top lecturer... best i've had out of 20 or so lecturers and most of my mates agree too.
macro 2 - slightly harder than econ2102, involves a bit of calculus. lecturer is a douche.

emet1001 - easy... if you got a A/B in methods and a C/D in micro 1, you'll pass imo. i didn't rock up to any lecturers and got a nice mark at the end... although i did well in my two first year maths units and micro 1.

regression modelling - was a bit dry for my liking, lecturer is the funniest bastard i know though. didn't do too well in it though (passed but not by much). rote learned all of the course... but you can certianly do well in it (know heaps of people getting D's in it)

emet2007 - only had 3 hours of it so far but i can certianly see the similarites between this and stat2008. a few years ago you could not do them both (they were incompatible courses... if you do stat2008 and emet2007, one of them will not count in your degree). emet2007 uses more real-world data and isn't a 100% statistics course... you get a bunch of real world data and perform statistical tests on what happens if x was introduced or whatever.

lecturer for this course is better than the one for stat2008 i reckon... plus it's taught at a slower pace (from what i can gauge so far). lecturer for stat2008 will give you a formula without deriving it (or will tell you to read his thick-ass brick) whereas the lecturer for emet2007 will spend time deriving it slowly for you. also the midsem for stat2008 tends to be hard!

and yes STAT courses tend to be very maths heavy. that's because it's aimed at actuary students, whose degree is 50% or so STAT courses. and to get into actuary you need specialists maths. so i don't suggest you do anything other than STAT1003, STAT1008, STAT2008 and maybe STAT2032 unless your maths background is stellar.

EMET3xxx courses can also get quite tricky... anything after EMET2008 is when stuff gets challanging imo.

Hi,

I was wondering for the econometric subjects (EMET) offered by the College of Business and Economics, what level of maths is required in order to get good results.

I've only done Mathematical Methods, is this adequate? I've heard some of the statistics courses are pretty full on and even people who had done Specialist Maths had trouble.

So just wanted to know how econometrics compares with statistics at the uni.

And also if you have an opinion on the core subjects for economics, like econ1101, econ1102, econ2101 please feel free to share them.

Thanks for your time.

 

[sdfx]

Nice. Would you do the honours course for econ1100, if you had a chance to do uni all over.

And also to be sure we can do honours with a combined degree right? This page states it requires a fourth year after a three year Bachelor's degree, ANU - ANU COLLEGE OF BUSINESS & ECONOMICS

 

[jas0nt]

if you do the honours stream you do harder material. also if you get say 75 in your honours stream and 85 in your nomal econ1101, then you can choose to drop your honours part and just have the econ1101 mark count. just means you wasted all your effort doing the honours part though, as your transcript will show an 85 for econ1101 and it will seem like you never did the honours part.

and yes you can do honours if you do a double degree... so your resume will show B Laws/B Econ (Hons.) etc. or if you're hardcore enough then B Law (Hons.)/B Econ (Hons.) although i dont know anyone who's done that.

 

[Sammy-Blue]

if you do the honours stream you do harder material. also if you get say 75 in your honours stream and 85 in your nomal econ1101, then you can choose to drop your honours part and just have the econ1101 mark count. just means you wasted all your effort doing the honours part though, as your transcript will show an 85 for econ1101 and it will seem like you never did the honours part.

and yes you can do honours if you do a double degree

Economics has several honours programs doesn't it? I was told by a friend in it that you can either do the honours stream courses, and that there's another that requires D in macro/mirco 3. He mentioned another that I can't remember, although I have no idea whether this is true or not. Semmed a little bogus to me at the time.

 

[jas0nt]

Economics has several honours programs doesn't it? I was told by a friend in it that you can either do the honours stream courses, and that there's another that requires D in macro/mirco 3. He mentioned another that I can't remember, although I have no idea whether this is true or not. Semmed a little bogus to me at the time.

there's an "artificial" honours component which you can do in micro 1, macro 1 and micro 2. basically just an extension of the stuff you learn in the normal lectures. anyone can enroll in these. just think of them as "advanced micro 1, advanced macro 1" etc... quite arbitrary as to why they named it honours, if you ask me.

then there's the "real" honours component which is for your degree. entry requires a D minimum in 3rd year economics courses (micro/macro 3, international econs, maths for economists etc), and it adds another year to your degree. the honours year, like for all fields (law/engineering/science etc) requires an honours thesis and postgrad course work.

 

[rumour]

macro 2 - slightly harder than econ2102, involves a bit of calculus. lecturer is a douche.

Lol, who was it?

 

[jas0nt]

don't wanna name names

actually funny story. i asked one of my finance tutors what's his opinion on Mr/Mrs X and he goes "He/She's a fucking dick, i hate him/her

 

[rumour]

I think I know who it is, but I didn't think they thought Macro 2 anymore..