Master of Statistic and Applied Science in Economics

Background

Students who earn a Master of Science (MS) in Applied Economics and Statistics (AES) learn to apply economic theory, design experiments or surveys, estimate econometric models, and test hypotheses with inferential statistics to analyze human behavior, business practice, or government policy. The behavior, practice, or policy might relate to agriculture, banks, credit markets, environmental or natural resource management, forestry, health care, insurance, marketing, property rights, regional economic growth, regulation, stock markets, sports businesses, or sustainable development. The Department of Applied Economics and Statistics offers graduate master’s programs focused on the study of quantitative economics, international agricultural trade, economic development and resource economics, marketing and policy. 

Justification

The Master of Statistics and Applied Science in Economics provide students with the necessary background to seek employment in statistics, data sciences or a related field. The degree programs provide training in applied statistics and consulting, as well as in the theory of statistics pertinent to applications. In addition, students are required to study an approved area outside of statistics at the graduate level. Possible areas include numerical analysis, biostatistics, education, economics, sociology, psychology, biology, business, bioinformatics, computer science, mathematical finance, and many others.

The targeted group includes holders of:

Applicants must have completed a UTS recognized bachelor’s degree, or an equivalent or higher qualification, or submitted other evidence of general and professional qualifications that demonstrates potential to pursue graduate studies.Bachelor’s in Engineering and other related Science and Technology fields.It is a requirement that the bachelor’s degree be in engineering or the natural and physical sciences, with no more than 25 per cent of subjects failed.

General Objectives

The Master of Science in Economics is a full-time program redesigned primarily for students who need adequate preparation for a doctoral degree in Economics in a local or foreign university. The program is also appropriate for those who are teaching or plan to teach Economics at the graduate or advance undergraduate level or who are professionals in government and private research institutions. The training is more rigorous and there is a greater focus on the underlying theory rather than on applications. Students are armed at the outset with the mathematical and statistical tools used by economists in theoretical and applied research.

Specific Objectives

The programme shall be master of statistic and applied science in economics is ideal for those seeking careers in data analytics, data consulting, and forecasting. The program, available both on-campus and online, gives you the flexibility to continue your career while earning your master’s.

Duration of the Programme: This course is offered on a Two-year (Four semesters), full-time or online.