Building Models That Make Sense
Financial modeling sounds intimidating until you
realize it's just organized thinking about money
over time. Our students start with simple
questions—what if interest rates change? How
does wage growth affect savings goals?—and build
from there.
The process involves gathering data, identifying
variables, testing assumptions, and seeing what
breaks. It's messier than textbooks suggest.
Sometimes a model reveals something unexpected.
Other times it confirms common sense with
numbers backing it up.
One recent project examined grocery spending
patterns across different Canberra suburbs
during 2024. Students found that price
sensitivity varied less by income than by
household size and shopping frequency. Their
model helped a local co-op adjust its discount
structure.
Another team looked at transport costs for
students commuting to university. They modeled
scenarios involving fuel prices, public
transport changes, and car-sharing options. The
findings informed budgeting workshops we now
offer to incoming university students.
Data Collection
Students learn to find reliable sources,
clean datasets, and spot inconsistencies
that could skew results.
Scenario Testing
Running multiple what-if scenarios reveals
which factors have the biggest impact on
outcomes.
Clear Communication
A great model means nothing if you can't
explain it. Presentations focus on clarity
over jargon.