Level of maths for econometrics. (1 Viewer)

[BackCountrySnow]

If you do econometrics could you comment on the level of maths in the course and the level of maths a HSC student shoud have in order to takeit.

 

[pLuvia]

2u maths will be suffice. The major is more to focused on economical statistics than actual maths, at MQ the only subject closest to mathematics you study is first year stats (you can choose from the easy one or the hard one), the rest of the course you study economics units

 

[Lolita25]

I asked my careers advisor and she said at least general because its "assumed knowledge". In uni they will only teach u the required maths.

 

[BackCountrySnow]

This is wierd. i've heard from people it requires a high level of maths.

 

[Lolita25]

This is wierd. i've heard from people it requires a high level of maths.

yeah i do 2unit maths and my careers advisor said that its perfect but not needed at all...*shrugs*
What maths do you do?

 

[BackCountrySnow]

yeah i do 2unit maths and my careers advisor said that its perfect but not needed at all...*shrugs*
What maths do you do?

3unit maths.
But I'm doing badly in 3u. But quite good in 2u.

 

[velox]

Econometrics is a watered down stats major, 2u will be fine.

 

[BackCountrySnow]

Econometrics is a watered down stats major, 2u will be fine.

awesome. how is econometrics btw.

 

[BackCountrySnow]

Econometrics is concerned with the development and application of statistical methods to assist in modelling and understanding economic phenomena.

So what is stats? All I've learnt is like standard deviations, means, modes and all that lol.

 

[pLuvia]

Pretty much. Testing the data that is given to you to come with a reasonable conclusion etc

 

[BackCountrySnow]

Pretty much. Testing the data that is given to you to come with a reasonable conclusion etc

ohok, how are you finding it?
sounds interesting.

 

[pLuvia]

I don't do econometrics but first year stats is pretty simple stuff, as opposed to higher level econometrics I can't comment, but I would imagine it won't be that hard

 

[Affinity]

it's stats with a change of terminology and notation

 

[BackCountrySnow]

it's stats with a change of terminology and notation

I thought it was economic forecasting...
Like using stats to recognize trends and predict things to come.

 

[Studentleader]

I thought it was economic forecasting...
Like using stats to recognize trends and predict things to come.

Econometrics is concerned with the tasks of developing and applying quantitative or statistical methods to the study and elucidation of economic principles.[1] Econometrics combines economic theory with statistics to analyze and test economic relationships.

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[hungryaussieyum]

the level of maths required is really low.

general maths would be sufficient. but to get a good understanding of econometrics and how they work, a good understanding of 2unit calculus would be helpful in understanding the proofs and theorems.

 

[BackCountrySnow]

Econometrics is concerned with the development and application of statistical methods to assist in modelling and understanding economic phenomena.

so it's like applications of stats into economics tocreate models and stuff like that..

 

[BackCountrySnow]

the level of maths required is really low.

general maths would be sufficient. but to get a good understanding of econometrics and how they work, a good understanding of 2unit calculus would be helpful in understanding the proofs and theorems.

sweet. do you do econometrics??

 

[Affinity]

I thought it was economic forecasting...
Like using stats to recognize trends and predict things to come.

take some material about econometrics

take some books about:
1 time series
2 Regression
3 statistical inference theory


compare.

Ofcourse those who make a living out of econometrics would like others to think they are different and special...

 

[hungryaussieyum]

sweet. do you do econometrics??

yeh
pretty much everyone does it at least once for first years.