WESTERN SYDNEY UNIVERSITY

ECON 3006: Economic and Financial Modelling

Comprehensive Study and Exam Preparation Guide 2026

- Part 01. Revision Notes

- Part 02. Sample Final Examination Paper

- Part 03. Suggested Solutions to Final Exam Paper

- Part 04. Final Examination - Hints and Tips

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ECON 3006: Economic & Financial Modelling - Western Sydney University

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ACADEMIC YEAR 2025 - 2026

University	Western Sydney University
Study Level	Undergraduate
Subject Code	ECON 3006
Subject Name	Economic and Financial Modelling
Notes Title	Comprehensive Study and Exam Prep. Guide
Format	PDF
Page Length	76

Get ready for ECON 3006 at Western Sydney University with this student-friendly guide. Designed for self-study from week one to your final review, it explains concepts clearly and walks through the full set of examinable topics covered in lectures. You’ll find practical guidance on the exam format, the types of questions to expect, and the high-priority ideas to focus on. Use it to reinforce class material, check your understanding with worked explanations, and streamline revision. Keep it beside you as a quick reference to study smarter, build confidence, and lift your exam performance.

Economic and Financial Modelling examines regression analysis and its use in business especially in economics, finance and accounting. Topics will include the properties of estimators, hypothesis testing, specification error, multicollinearity, dummy variables, heteroskedasticity, serial correlation. It also introduces other modelling techniques in finance and economics. Empirical assignments undertaken by the student form an integral part of the unit. The emphasis is on learning by doing in small group workshops.

✔ Learning Outcomes:

Upon completion of this subject, graduates will be able to:

Apply the basic elements of econometric modelling and forecasting
Demonstrate how standard computer software may be used to analyse simple financial and economic problems with a statistical package
Demonstrate 'hands-on' experience in constructing econometric models
Define business problems and analyse using appropriate quantitative techniques

Pre-requisite: MATH1030 - Statistics for Business or ECON1006 - Introduction to Economic Methods.

SUBJECT CODE	SUBJECT NAME
ACCT 1005	Accounting in Context
ACCT 1010	Management Accounting Fundamentals
ACCT 2005	Techniques in Financial Accounting
ACCT 3003	Accounting Standards and Governance
BUSM 1027	Organisational Behaviour
ECON 1003	Financial Institutions and Markets
ECON 1006	Introduction to Economic Methods
ECON 1011	Principles of Economics
ECON 1013	The Australian Macroeconomy
ECON 1014	Consumers, Firms and Markets
ECON 2002	Corporate Financial Management
ECON 2007	Macroeconomic Theory
ECON 3001	Applied Econometrics
ECON 3003	Derivatives
ECON 3006	Economic and Financial Modelling
FINC 3008	Investment Management
FINC 3015	Security Analysis and Business Valuation
LAWS 1001	Enterprise Law
LAWS 3070	Taxation Law
MATH 1030	Statistics for Business
MKTG 1006	Marketing Principles

ECON 3006: Economic & Financial Modelling - Western Sydney University

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