Master of Economics Specialisations

Economics

Description

The Economics specialisations builds a clear understanding of the overall context of business and government. The core units, with their strong focus on social data and events, give graduates the competitive edge in areas of analysis and policy work. The Economics major includes in-depth analysis of microeconomics and macroeconomics, investigating market structure and strategic business decisions. An international focus on money and finance is paramount in keeping up with the globalised nature of contemporary economics. As well as providing essential perspectives on international economics, the course includes the study of industrial competitiveness, as well as trade and development, and bank management.

Requirements for the specialisation

To obtain an Economics specialisation, students must complete at least three units of study (18 credit points), comprising:

1. two compulsory units of study (12 credit points):

• ECON6001 Microeconomic Analysis 1
• ECON6002 Macroeconomic Analysis 1

2. at least one of the following elective units of study (six credit points):

• ECON6006 Market Structure and Strategic Behaviour
• ECON6008 International Money and Finance
• ECON6009 Economics of the Labour Market
• ECON6010 Public Economics
• ECON6016 Trade and Development
• ECON6018 Environmental Economics
• ECON6021 Financial Economics
• ECON6023 International Trade
• ECON6024 Private Equity
• ECON6025 Strategic Decision Making
• ECON6026 Strategic Business Relationships
• ECON6027 Experimental Economics
• ECON6101 Special Topic in Economics
• ECON6901 Microeconomic Analysis 2
• ECON6902 Macroeconomic Analysis 2

Please Note: For details of these units of study, please refer to the University of Sydney's Online unit of study handbook.

Sequence of study example

The following table illustrates an example sequence of study for a student studying full-time in the Master of Economics (four units of study per semester) completing the requirements for an Economics specialisation. (In this example, compulsory foundation units of study are in bold, compulsory units for the degree are in italics, and units required for the Economics specialisations are underlined)

* Students can complete their elective unit/s of study for the Economics specialisation in any semester, subject to pre/corequisite requirements.


Please Note: The information listed in this example is based on unit of study offerings for 2011 and is meant as a guide only. Students are usually able to complete the units of study for their degree in different sequences to that listed above and should always check the requirements for individual units of study before attempting to enrol in them. For example, local full-time students may complete three units of study per semester or students may be able to complete units in the Summer or Winter School sessions and in most cases complete a second major. Students are advised to plan their degree based upon individual needs and to contact the Faculty Office if any assistance in degree progression planning is required.

Financial Economics

Description

The Financial Economics specialisation provides a valuable understanding of the economic models used in finance as well as the econometric skills to apply the models to financial markets. The emphasis is on the economic skills necessary to understand the way in which financial markets work. There is a particular focus on the monetary aspects of a modern economy. The Financial Economics specialisation should be of particular interest to graduates wishing to work in the finance and banking sectors.

Requirements for the specialisation

To obtain a Financial Economics specialisation, students must complete at least three units of study (18 credit points), comprising:

1. one additional prerequisite unit of study for the specialisation (six credit points):

• FINC5001 Capital Markets and Corporate Finance

Note. The unit of study FINC5001 does not count towards the specialisation but is the prerequisite unit of study for most of the 'FINC' 6000-level units of study in this specialisation.

2. two compulsory units of study (12 credit points):

• ECMT6006 Applied Financial Econometrics
• ECON6021 Financial Economics

3. at least one of the following elective units of study (six credit points):

• ECON6008 International Money and Finance
• FINC6000 Quantitative Finance
• FINC6001 Intermediate Corporate Finance
• FINC6003 Broking and Market Making
• FINC6005 Advanced Asset Pricing
• FINC6007 Financial Strategy
• FINC6009 Portfolio Theory and its Applications
• FINC6010 Derivative Securities
• FINC6013 International Business Finance
• FINC6014 Fixed Income Securities
• FINC6015 Global Trading
• FINC6016 Financial Instruments and Markets
• FINC6017 Mergers and Acquisitions
• FINC6019 Financial Modelling
• FINC6021 Corporate Valuation
• FINC6022 Behavioural Finance

For details of ECON units of study, please refer to the University's Online Unit of study handbook.

Sequence of study example

The following table illustrates an example sequence of study for a student studying full-time in the Master of Economics (four units of study per semester) completing the requirements for an Financial Economics specialisation. (In this example, compulsory foundation units of study are in bold, compulsory units for the degree are in italics, and units required for the Financial Economics specialisation are underlined)

* Students can complete their elective unit/s of study for the Financial Economics specialisation in any semester, subject to pre/corequisite requirements.


Please Note: The information listed in this example is based on unit of study offerings for 2011 and is meant as a guide only. Students are usually able to complete the units of study for their degree in different sequences to that listed above and should always check the requirements for individual units of study before attempting to enrol in them. For example, local full-time students may complete three units of study per semester or students may be able to complete units in the Summer or Winter School sessions and in most cases complete a second major can be completed. Students are advised to plan their degree based upon your individual needs and to contact the Faculty Office if you need any assistance in planning your progression in your degree.