Financial Economics at UNSW?? (1 Viewer)

[ken098]

Is anyone currently doing or have completed a Financial Economics major at UNSW??

I am considering this major and was hoping if someone could tell me a little about the following subjects:

• ECON2209 Business Forecasting
• ECON3107 Economics of Finance
• ECON3206 Financial Econometrics

Are these subjects similar to QMB?

Are they really difficult?

Any other insight into these subjects (or Financial Economics major) would be appreciated. :wave:

 

[dvse]

Is anyone currently doing or have completed a Financial Economics major at UNSW??

I am considering this major and was hoping if someone could tell me a little about the following subjects:

• ECON2209 Business Forecasting
• ECON3107 Economics of Finance
• ECON3206 Financial Econometrics

Are these subjects similar to QMB?

Are they really difficult?

Any other insight into these subjects (or Financial Economics major) would be appreciated. :wave:

I am not so sure about this particular major (seems to be new), but if you want to have any hope of following current financial economics research, you must have a much stronger maths background than you will ever get in the school of business. I suggest doing a combined degree with pure maths.

 

[tempco]

I am not so sure about this particular major (seems to be new), but if you want to have any hope of following current financial economics research, you must have a much stronger maths background than you will ever get in the school of business. I suggest doing a combined degree with pure maths.

True, but that depends on whether or not the OP wants to get into the research side of things (hons, phd, etc).

As for the courses themselves, I've only done econs of fins and fins metrics and both of them are on the easier side of eco courses at UNSW. Bus forecasting (I've heard) is OK, but harder than the other too. The courses aren't very similar to QMB... more like extensions as they are geared more towards financial metrics.

 

[dvse]

True, but that depends on whether or not the OP wants to get into the research side of things (hons, phd, etc).

This is extremely helpful not only for academic research but also if one wants to get some of the better modeling jobs in the industry.

 

[tempco]

This is extremely helpful not only for academic research but also if one wants to get some of the better modeling jobs in the industry.

Really? What sort of modelling/jobs are you referring to? While doing my honours, I wished I had done at least some basic maths so I'd understand some of the terminology/approaches some papers use, but from my work experience most modelling is done through metrics software packages anyway.

 

[dvse]

Really? What sort of modelling/jobs are you referring to? While doing my honours, I wished I had done at least some basic maths so I'd understand some of the terminology/approaches some papers use, but from my work experience most modelling is done through metrics software packages anyway.

I'm refering to modeling various derivatives and associated risk management. This is done predominantly on the sell side and at some hedge funds.

Indeed, macroeconomic modeling rarely goes beyond regressions and timeseries stuff. Even then some differential geometry, for example, can give a pretty good insight.