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Economics (Master of Commerce)


This specialisation is available for continuing students who commenced study before 2017. New students commening study from 2017 are able to complete the new Business Economics specialisation.

The Economics specialisation 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 specialisation 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 specialisation includes the study of industrial competitiveness, as well as trade and development, and bank management.

This specialisation is offered by the School of Economics in the Faculty of Arts and Social Sciences.

Requirements for the specialisation

The following information  is for students who commenced study or transferred into the Master of Commerce between 2012 and 2016 or students who commenced study in 2011 and wish to follow these requirements for a specialisation. Pre-2012  students should refer to the information set out below under Information for pre-2012 continuing students.

New students commencing in 2017 are able to complete the new specialisation Business Economics.  

For the award of a specialisation in Economics, students complete five units of study (30 credit points), comprising:

(i) one foundational unit of study (six credit points), as follows:

  • ECON5001 Microeconomic Theory

(ii) one compulsory unit of study (six credit points), as follows:

  • ECON5002 Macroeconomic Theory

(iii) three elective units of study (18 credit points), selected from the following options:

  • ECON5004 Communication in Economics
  • ECON5005 Quantitative Tools for Economics
  • ECON5006  Economics of Law and Public Policy
  • ECON5007 The Economics of Financial Markets
  • ECON5026 Strategic Business Relationships
  • ECON6001 Microeconomics Analysis 1
  • ECON6002 Macroeconomics Analysis 1
  • ECON6003 Mathematical Methods of Economic Analysis
  • 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
  • ECON6029 Health Economics and Policy Evaluation
  • ECON6101 Special Topic in Economics
  • ECMT5001 Principles of Econometrics *
  • ECMT6002 Econometric Applications
  • ECMT6003 Applied Financial Econometrics
  • ECMT6007 Analysis of Panel Data

* ECMT5001 is a foundational unit for students who commenced study prior to 2016.

Please Note. Many units require, in addition to the foundational unit ECON5001 and the compulsory unit ECON5002, the completion of either ECON6001 or ECON6002 or both these units. Please refer to the individual units  for prerequisite requirements. All ECMT 6XXX units require ECMT5001 to be completed as a prerequisite.

Note: Non-foundational (advanced) units of study can be used to count to one specialisation only.

For details of all these units of study, please refer to the School of Economics website.

Information for pre-2012 continuing students

Students who commenced study in the Master of Commerce in 2011 may choose to complete their specialisation according to the information set out above or can choose to complete according to the information set out in the following downloadable PDF which lists the 2011 structure. Students should also refer to the handbook of the year they commenced study for exact details of their specialisation requirements.

Students who commenced their degree before 2011 (in FH014 Master of  Commerce), should follow the requirements for the Major in Economics as set out in the handbook of the year they commenced study.

Availability of this specialisation

This version of this specialisation is available under the following degrees:

  • Master of Commerce (pre-2017 commencing students)

Students enrolled in the Graduate Diploma in Commerce or the Graduate Certificate in Commerce may choose units from this specialisation subject area as electives in their course.