Master of Economics
Designed for professionals seeking either general or specific economic training for promotion or career change, the Master of Economics provides you with a toolkit to apply to real-life problem solving.
With a combination of core and foundation study as well as elective and research project units, this course suits both graduates of economics and those with no prior economics training.
Why study with us?
The Master of Economics at Sydney is the preferred professional development qualifications for many employers. With a combination of industry-relevant training and academic rigour, the course is a benchmark for high-end postgraduate economics training in Australia. Every effort, including evening teaching times and lecture recordings, is made to make this program accessible to professionals and part-time students.
There are two intakes per year for the Master of Economics, with classes commencing in March and July. Students with a minimum credit average (65%) in a degree equivalent to the University of Sydney’s undergraduate major in Economics may be eligible for a waiver of the four foundation units of study, reducing the degree requirements to 72 credit points (3 semesters of full time study).
How to apply
Applications can be made through Sydney Courses.
Admission to the Master of Economics requires:
- a bachelor's degree from the University of Sydney, with a minimum credit average (65%), or an equivalent qualification; or
- completion of the requirements for the embedded Graduate Certificate or Graduate Diploma in Economics with a minimum credit (65%) average, or an equivalent qualification.
Details of the English language requirements for entry into this course are available here.
Note that students who commenced study prior to 2015 should consult the relevant Faculty Handbook for details of their degree requirements.
To be awarded the Master of Economics, students must successfully complete a total of 16 units of study (96 credit points), comprising:
- four foundation units of study (24 credit points)
- four core units of study (24 credit points)
- a specialisation, consisting of at least three units of study (18 credit points), from the subject areas of economics, econometrics and financial economics
- a capstone unit (6 credit points) completed in the final semester of study
- an optional second specialisation (18 credit points) or elective units of study selected from the specialisation subject areas
Foundational units of study
- ECMT5001 Principles of Econometrics
- ECON5001 Microeconomic Theory
- ECON5002 Macroeconomic Theory
- Either ECON5004 Communication on Economics or ECON5005 Quantitative Tools for Economics
The requirement to complete these 4 foundation units of study (24 credit points) may be waived on the basis of previous study in economics.
Core units of study
- ECMT6002 Econometric Applications
- ECON6001 Microeconomic Analysis 1
- ECON6002 Macroeconomic Analysis 1
- FINC5001 Capital Markets and Corporate Finance
The following specialisations are available:
Elective units of study
Elective units of study can be selected from the specialisation subject areas. The full list is available here.
In addition, with prior written approval from the program director for the Master of Economics, it is possible for students to count a maximum of one unit of study offered elsewhere in the University of Sydney. Students wishing to do so must consult with the program director and gain written approval in advance.
Capstone unit of study
- ECON7030 Economics Research Project
For an up-to-date list of units of study for this degree, please refer to the Postgraduate Table of Units of study for Economics Subject Area.
The following table shows an example degree progression for students enrolled in the Master of Economics on a full-time basis completing four units of study per semester beginning in Semester 1 of a year.
|Year / Semester||Unit of study 1||Unit of study 2||Unit of study 3||Unit of study 4||Total credit points|
|ECMT5001 Principles of Econometrics||ECON5001 Microeconomic Theory||ECON5002 Macroeconomic Theory||ECON5004 Communication in Economics OR ECON5005 Quantitative Tools for Economics||24|
|ECON6001 Microeconomic Analysis 1||ECON6002 Macroeconomic Analysis 1||ECMT6002 Econometric Applications||FINC5001 Capital Markets and Corporate Finance||24|
|specialisation or elective||specialisation or elective||specialisation or elective||specialisation or elective||24|
|specialisation or elective||specialisation or elective||specialisation or elective||ECON7030 Economics Research Project||24|
Please Note: the information listed in this program of study example is meant as a guide only. Students should always check the requirements for individual units of study. Students are usually able to complete the units of study for their degree in different sequences to that listed above. You are advised to plan your degree based upon your individual needs and to contact the Faculty Office if you need any assistance in planning your progression in your degree. Up to 24 credit points in foundational unit study may be waived on the basis of prior study in economics.
Degree progression examples
Please click on the links below to download some of the common specialisation / unit of study combinations for the Master of Economics.
- Master of Economics with a specialisation in Economics
- Master of Economics with a specialisation in Econometrics
- Master of Economics with a specialisation in Financial Economics
- Master of Economics with specialisations in Economics and Econometrics
- Master of Economics with specialisations in Economics and Financial Economics
- Master of Economics with specialisations in Econometrics and Financial Economics
- Master of Economics with specialisations in Economics, Econometrics and Financial Economics