Master of Economics

Course Code MAECONOM7000
Course Type Postgraduate
Credit Points Required 96
CRICOS code 083950M

Students who commenced study prior to S1, 2015 are enrolled in the 12 unit DC070 Master of Economics program.

Description

The Master of Economics combines an enhanced focus on industry-relevant training with the academic rigour that has long been a hallmark of the School’s postgraduate economics coursework degrees. The new MEc has a distinct focus on applied economics and provides students with the opportunity to tailor their study to their own interests and experience via access to a wide range of elective units of study. It is one of the largest programs of its type in Australia and a leading supplier of graduates to both the private and public sectors.

The University of Sydney Master of Economics comes from a long tradition of excellence that started in 1920. A Nobel Laureate, John Harsanyi, numerous business leaders and many Australian politicians received their undergraduate and/or postgraduate Economics training from us. While our enviable reputation owes a great deal to our distinguished alumni community, it is complemented by the strength and dynamism of our research activities; we are ranked world-class in all fields of Economics and are top-rated in the Asia-Pacific in a number of applied fields such as macroeconomics and behavioural economics.

There are two intakes per year for the Master of Economics, with classes commencing in March and July.

Degree requirements

Please Note: students who commenced their degree prior to 2015 should refer to the course structure, available specialisation subject areas and resolutions in the faculty handbook for the year in which they commenced. Archived handbooks can be accessed on the University’s Handbooks website. Students who commenced prior to 2015 are enrolled in the 12 unit (72 credit points) Master of Economics program.

Degree requirements for students commencing from 2015

To be awarded the Master of Economics, students must successfully complete a total of 16 units of study (96 credit points), comprising:

  • four foundational 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

Please Note: foundational units cannot be counted towards specialisation credit point requirements. Up to 24 credit points of foundational unit requirements may be waived on the basis of previous study in economics, potentially reducing the overall requirement for the degree by one semester from 96 to 72 credit points (12 units of study).

Core units of study

  • ECMT6002 Econometric Applications
  • ECON6001 Microeconomic Analysis 1
  • ECON6002 Macroeconomic Analysis 1
  • FINC5001 Capital Markets and Corporate Finance

Please Note: these core units of study may be counted towards the credit point requirements for specialisations. Please refer to the particular specialisation for further details of units of study available under these subject areas.

Capstone unit of study

  • ECON7030 Economics Research Project

For details of these units of study, please refer to the online unit of study handbook.

Specialisation subject areas

Students complete their specialisation and electives from the following subject areas.

Progression guide

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
Year 1
Semester 1
ECMT5001 Principles of Econometrics ECON5001 Microeconomic Theory ECON5002 Macroeconomic Theory ECON5004 Communication in Economics OR ECON5005 Quantitative Tools for Economics 24
Year 1
Semester 2
ECON6001 Microeconomic Analysis 1 ECON6002 Macroeconomic Analysis 1 ECMT6002 Econometric Applications specialisation or elective 24
Year 2
Semester 1
specialisation or elective specialisation or elective specialisation or elective specialisation or elective 24
Year 2
Semester 2
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.

Entry requirements

For entry into this degree, students must have completed an Australian bachelor’s degree, graduate diploma, graduate certificate or equivalent from a recognised tertiary institution with a minimum credit average (65 per cent).

For details of the English language requirements for entry into this course, please refer to: 'English Language Requirements for International Students' under the Admissions information on the University's website.

Minimum duration of degree

Full-time Part-time
2 years 4 years