Master of Economics

Course Code DC070
Course Type Postgraduate
Credit Points Required  72
CRICOS code 053963K

Description

The Master of Economics provides advanced training in theoretical and applied aspects of modern economics, econometrics and financial economics. 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. In addition, this coursework program provides students with the necessary foundations in economics and econometrics to proceed to a PhD within Australia or abroad. There are two intakes per year for the Master of Economics, with classes commencing in March and July.

Degree requirements

Degree requirements for students commencing the degree from 2014
Degree requirements for students who commenced their degree in 2011, 2012 or 2013

Please note: students who commenced their degree prior to 2011 should refer to the course structure, available major subject areas and resolutions in the faculty handbook for the year they commenced. Archived handbooks can be accessed on the University handbooks website.

Degree requirements for students commencing from 2014

To be awarded the Master of Economics, students must successfully complete a total of 12 units of study (72 credit points), comprising:

  • three foundational units of study (18 credit points)
  • three core units of study (18 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)
  • an optional second specialisation (three units of study or 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

Please Note: Foundational units cannot be counted towards specialisation credit point requirements.

Core units of study

  • ECMT6002 Econometric Applications
  • ECON6001 Microeconomic Analysis 1
  • ECON6002 Macroeconomic Analysis 1

Please Note: The 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 tudy

  • 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
Principles of Econometrics Microeconomic Theory Macroeconomic Theory Capital Markets and Corporate Finance
or
elective
24
Year 1
Semester 2
Econometric Applications specialisation
or
elective
specialisation
or
elective
specialisation
or
elective
24
Year 2
Semester 1
Microeconomic Analysis 1 Macroeconomic Analysis 1 Economics Research Project specialisation
or
elective
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 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.

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 (65 per cent) average.

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
1.5 year 3 years

Degree requirements for students who commenced their degree in 2011, 2012 or 2013

To be awarded the Master of Economics, students must successfully complete a total of 12 units of study (72 credit points), comprising:

  • three foundational units of study (18 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
  • an optional second specialisation (three units of study or 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

Please Note: Foundational units cannot be counted towards specialisation credit point requirements.

Core units of study

  • ECMT6002 Econometric Applications
  • ECON6001 Microeconomic Analysis 1
  • ECON6002 Macroeconomic Analysis 1
  • ECON6003 Mathematical Methods of Economic Analysis

Please Note: The 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.

For details of these units of study, please refer to the University's 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
Principles of Econometrics Microeconomic Theory Macroeconomic Theory Capital Markets and Corporate Finance
or
elective
24
Year 1
Semester 2
Econometric Applications specialisation
or
elective
specialisation
or
elective
specialisation
or
elective
24
Year 2
Semester 1
Microeconomic Analysis 1 Macroeconomic Analysis 1 Mathematical Methods of Economic Analysis specialisation
or
elective
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 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.

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.