Financial Econometrics

Qualification: Postgraduate unit
Study mode: Online
Payment options: FEE-HELP may be available
Duration: 13 weeks
Start date: Enquire now for upcoming start dates
Awarded by: RMIT University
Course Unit A course unit is a single subject offered as part of a program of study, but can be completed individually. You may receive Recognition of Prior Learning for studying this unit.

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About this unit

This online Financial Econometric unit, offered by the Open Universities Australia in partnership with RMIT University, introduces you to industry practices used when embarking upon empirical studies in finance. You will learn whether time series data is stationary or non-stationary and test whether time series are co-integrated.

The econometric and time series practices taught at the beginning of the unit will enable you to thoroughly utilise conventional econometric systems of work. These are immensely beneficial when you estimate market risk or betas. The concluding part of the unit gives a current developmental overview in econometrics, offering detailed applications of new systems commonly undertaken in the field of finance.

Along with theoretical aspects, this unit will give you valuable practical skills in the econometric Windows package, EViews. This tool is used in the estimation of models and the evaluation of these estimations. Using a range of convenient online teaching methods, such as testing, blogging, podcasts, weblinks and more, skills can be developed at your own convenience.

Eligibility

Applicants must meet the following criteria to be eligible to enter this program:

  • You must have completed the Quantitative Methods in Finance unit successfully

AND

  • You must be accepted into the Master of Finance

Areas of study

In this Financial Econometrics unit, the topics you will study include:

  • An introduction to econometric models
  • Simple linear regression
  • Simple linear regression, evaluating and forecasting
  • Multiple regression
  • Non-spherical disturbances and finish multiple regression
  • Dynamic econometric models
  • Model selection procedures
  • Working with non-stationary data
  • Box-Jenkins models
  • Co-integration and error correction models
  • Modelling volatility

Course pathways

This unit is a core requirement in the following course:

  • Master of Finance, RMIT University

Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.

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Want more information about this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

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How will this unit advance my career?

The Financial Econometrics online unit enables you to execute research of market models as well as other financial practices, making use of simple linear regression analysis. You will gain skills in multiple linear regression analysis when undertaking event studies and testing the CAPM.

You will develop knowledge of ANOVA techniques, systems for forecasting accuracy, and residual models and their statistical properties. You will also learn about Box-Jenkins methods, ARCH models within a financial context, and various testing for series data, helping you succeed in your professional career within the fields of business and finance.

How else will I benefit from this unit?

  • Upon successful completion of this unit you will receive credit for competencies in Financial Econometrics from RMIT University.
  • Studying online means you can study where you want, at your own pace.
  • Gain industry-relevant skills and transferable knowledge.
  • Government financial support through FEE-HELP may be available.
  • Studying single units allows you the flexibility to work towards a qualification at your own pace.
  • Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA's full degree programs.

Get more information

Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

Financial assistance

If you are an Australian citizen, you may be eligible to receive a government FEE-HELP loan, meaning you can defer payment of your fees.

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Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

You may be eligible to receive FEE-HELP for this course!

This course can be paid for through the FEE-HELP government loan scheme. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.

Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).

Find out more about government study loans here.
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OUA's devotion to online education remains to this day, but where they once focused on higher education, today they offer the broadest set of post-secondary education and training programs in Australia.
Open Universities Australia offers a range of administrative and student support options. As a student of OUA you will have access to four hours of free expert tutoring support for each unit undertaken through the tutoring service SMARTHINKING. This on-demand service allows you to get fast, detailed feedback on your assignment drafts and gives you access to your tutor in real time.

The My OUA portal is an online student medium that allows you access to all your course and enrolment information as well as access to student forums and assessment tips.

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Get more information

Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.

FREE CALL 1800 063 523

Monday to Friday: 8am - late
Saturday and Sunday: 9am - 5pm

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