Economic and Business Forecasting

Macquarie University

Course Description

  • Course Name

    Economic and Business Forecasting

  • Host University

    Macquarie University

  • Location

    Sydney, Australia

  • Area of Study


  • Language Level

    Taught In English

  • Prerequisites

    27 credit points, with 6 credit points at 200 level including ECON241 or STAT272

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    This unit provides an introduction to quantitative economic forecasting. The broad topics covered include exponential smoothing, ARIMA and vector autoregression. The emphasis of the unit is on the practical aspects of forecasting. Theory is developed only to the point necessary to understand the forecasting procedures introduced in the unit. Students are given regular forecasting exercises throughout the unit. Practical work is carried out using an econometric software package. The objective of the unit is to produce graduates who understand the nature of forecasting problems and can produce sound forecasts for use in business and economic analysis.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.