Intro Econometrics or QM2

[becca92]

Has anyone who's done Introductory Econometrics or Quantitative Methods 2 do a brief review on them? I gotta do one or the other but I'm stumped choosing between the two... I've heard Econometrics is harder but is there any truth in this?

Thanks!

[Raahem]

I havent done them myself but i have chosen Econometrics to do this year
I have researched and pestered students/tutors/professors over it

i have surmised as much,
QM2: many topics, little depth
Econometrics: one topic, much depth (that topic is regression)

remember in year 12 leading up to the exam you have a tough time remembering that topic you did way back in february or march?
That would happen to me before the QM2 exam, so i have chosen Econometrics

so i feel QM2 will be harder if you're like me

hope i have offered useful information

[becca92]

Thanks Raahem, that does make me lean towards Econ...

[bangbros]

QM2 = First few weeks is a tons of different types of hypothesis tests, then some regression, linear probabillity and finally some super jokey time series.

The assignments are tedious as hell and are only worth 5% but most people get close to full marks. The mid-sem is like an online one and everyone usually gets close to or full marks since everyone works together with the assistance of notes and textbook. Also there's free marks for doing weekly questions and rocking up to tutes.

The exam is quite random, in some semesters it's very easy and others semesters average scores were quite low (like low 50s/100), but there is a fair few past papers with worked solutions so you should be ok. Exam isn't hurdle so everyone usually passes since theres so many easy marks availible throughout the semester.

All in all, if you're confident in proper maths and can tackle regression well -> Do Econometrics.
If you're not that good at maths and prefer plugging numbers into shitty models and writing sentences describing them -> Do QM2.
Mind you, in some semesters there are some messed up questions in QM2 exams. Econometrics is usually a bit more stable in its exam difficulty from what I heard.

[dc302]

I don't know much about them either, but from what I've heard, QM2 sounds more useful in general, though you would probably want to do econometrics (or have to do) if you want to major in economics.

[bangbros]

Could always do Basic Econometrics instead of Econometrics in 3rd year if you are doing an Economics major.

Basic Econometrics is basically like Introductory Econometrics but a level-3 subject. If you do Introductory Econometrics you cannot do basic Econometrics and have to do the harder one.

[System]

Is it true that if you want to major in finance or economics that you should do Intro Econometics instead of QM2?

[sluu001]

Econometrics is in my opinion a much harder subject to master simply because of the depth the subject goes into. If you are looking to do an Economics Honours (like me =) ) then you will need to do intro econometrics and then progress on to econometrics (required for honours). If you want to do a Finance honours, then Basic Econometrics will suffice.

I did Intro last sem and doing Metrics this semester and I can honestly tell you I found Metrics to be incredibly difficult to master - Especially the logit - binary topic (shudder). I compared the coursework to QM2 that was completed by my mate and actually found I could follow the entire schedule without having any formal teaching in the subject.

[kuman24]

For a double-major in Accounting and Finance, are there any recommendations of doing one or the other. From what I've read either Basic Econometrics or Econometrics is okay as pre-reqs for honours in either accounting or finance. So I guess in regards to QM2 or Introductory Econometrics it just comes down to personal preference then, which at this stage I'm probably leaning towards QM2. Also for those that have done it is QM2 recorded? Thanks guys in advance.

[TrueTears]

Had a read of both Intro Econometrics and QM2's synopsis. Are you looking to do honours in finance? (or accounting?). If finance, are you thinking of doing theoretical research or empirical?

If you end up doing the mainstream empirical finance thesis, I highly recommend econometrics as that will help you a lot.