Master of Economics

The information on this page applies to future students. Current students should refer to their faculty handbooks for course information.

The Master of Economics is designed for professionals seeking either general or specific economic training for promotion or career change, this 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 qualification 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, ie evening teaching times and lecture recordings, is made to make this program accessible to professionals and part-time students.

Course outline

A strong foundation in Economics is required to succeed in an academically demanding degree such as the new Master of Economics.

Students with a minimum credit average (65%) in a degree equivalent to the University of Sydney’s undergraduate major in Economics can opt to start their degree by studying four core advanced units during their first semester and thus be able to finish the course in 18 months.

Students without sufficient prior training in Economics, but with at least a credit average in a degree equivalent to a University of Sydney undergraduate bachelor degree, will take four foundation units in their first semester before undertaking the core units in their second semester. The foundation units take students to an intermediate (ie. 2nd year) level in Microeconomics, Macroeconomics and Econometrics, and provide the communication and quantitative skills required to succeed in the remainder of the degree.

After completing the core units students choose, over two semesters, from a wide range or electives on Applied Microeconomics, Applied Macroeconomics, Econometrics and Finance to tailor their degree to the specific needs of their current workplace or their future career.

In their last semester all students undertake a capstone unit, working on an independent research project on a topic of their choice.

Study plan

To qualify for the award of the Master of Economics a candidate must complete 96 credit points, including:

(a) a minimum of 24 credit points of foundation units of study; and

(b) a minimum of 24 credit points of core units of study; and

(c) a maximum of 42 credit points of elective units of study; and

(d) at least one specialisation;

(e) a minimum of 6 credit points of capstone units of study.


Foundation Units (only for the 24 month MEc)

  • ECON5001 Microeconomic Theory
  • ECON5002 Macroeconomic Theory
  • ECMT5001 Principles of Econometrics
  • Either ECON5004 Communication in Economics or ECON5005 Quantitative Tools for Economics

Please Note: Foundational (core) units cannot be counted towards specialisations.
 

Core Units (for both the 24 month and the 18 month MEc)

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


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

Elective Units (seven units from the list below)

  • ECMT6003 Applied Business Forecasting
  • ECMT6006 Applied Financial Econometrics
  • ECMT6007 Analysis of Panel Data
  • 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
  • ECON6025 Strategic Decision Making
  • ECON6027 Experimental Economics
  • ECON6101 Special Topic in Economics (if available)
  • FINC5001 Capital Markets and Corporate 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
  • FINC6023 Financial Risk Management

Specialisation subject areas

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

  • Economics
  • Econometrics
  • Financial Economics

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.

Embedded courses

Further course information

Progression rules

Please see the following webpage regarding Progression rules and examples in the Master of Economics course: http://sydney.edu.au/arts/economics/postgrad/master_economics.shtml

Course outcomes and further study

Graduate opportunities

The Master of Economics prepares you for a career in economics, econometrics and finance. Our graduates have held positions in federal and state policy departments and international financial agencies, markets and institutions. Many of our recent graduates have gone on to hold senior positions in Treasury, the Reserve Bank and other policy departments across federal and state governments, as well as in international financial agencies, markets and institutions.

Further study

Candidates interested in completing a research degree in Economics may apply for entry into the Master of Philosophy (MPhil) in Economics and Doctor of Philosophy (PhD) in Economics programs.

Admission

Admission requirements

Entry in the 1.5 year or 2 year degree program is determined by the criteria below:

Admission to candidature for the Master of Economics (2 years full-time) requires:

(a) a bachelor’s degree with a minimum credit (65 percent) average calculated over the whole degree, from the University of Sydney, or an equivalent qualification

Admission to candidature for the Master of Economics (1.5 years full-time) requires:

(a) completion of the embedded Graduate Certificate or Graduate Diploma in Economics with a minimum credit (65 percent) average, or an equivalent qualification or

(b) an Honours degree in a relevant discipline or

(c) relevant professional work experience and a bachelor’s degree with a minimum credit (65 percent) average or an equivalent qualification

Upgrade is possible from a Grad Cert to a Grad Dip or Masters in the embedded degree.

Upgrade is possible for a Grad Dip to Masters in the embedded degree.

How to apply

Domestic students

How to apply

Applications are made directly to the University via the Online Application portal. Visit the How to Apply page for more information.

When you are ready to apply, select the ‘Apply Now’ button on the right hand side of this course page.

International students

How to apply

Applications are made directly to the University via the Online Application portal. Visit the How to Apply page for more information.

When you are ready to apply, select the ‘Apply Now’ button on the right hand side of this course page.

If you would like to apply through a University approved agent, visit Agents and Representatives.

Fee disclaimer

Domestic students

Annual review for postgraduate student contribution amount

Importantly, student contribution amounts are subject to annual review by the University, and are likely to increase each year of your period of study (subject to a Commonwealth specified cap), effective at the start of each calendar year.

Postgraduate Domestic Tuition Fee

This 2016, tuition fee for a domestic postgraduate student represents the fee that is payable by you in the calendar year you commence your course, commencing in 2015 for a standard annual full time load of 48 credit points (1.0 EFTSL). If your study load is more or less than the 1.0 EFTSL your fee will differ.

Annual review for postgraduate domestic tuition fee

Importantly, tuition fees are subject to annual review by the University, and are likely to increase each year of your period of study, effective at the start of each calendar year.

Additional incidental fees

For some courses there are incidental fees additional to the student contribution and/or course fee. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing and equipment. For further information about these additional incidental fees, please visit the University's Future Students' website.

Potential for inaccuracy

Whilst every reasonable effort has been made to include correct and up to date information in this prospectus, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.

The academic requirements that are displayed are applicable to currently available courses only, and are updated annually in October and may be changed without notice. The Faculty Handbook and the University of Sydney Calendar are the official legal source of information relating to study at the University of Sydney, and you are referred to those documents

Please note that if you are classified by the University as a Research Training Scheme student in accordance with the Other Grants Guidelines (Research) 2010, you will be exempt from the payment of any SCA or tuition fees for courses undertaken as part of a Research Masters degree and Research Doctoral degree. More information about your eligibility for this Scheme is available here.

International students

International tuition fees for postgraduate students

This 2016, tuition fee for international postgraduate students represents the fees that are payable by you in the calendar year you commence your course, commencing in 2016, for a standard annual full time load of 48 credit points (1.0 EFTSL). If your study load is more or less than the 1.0 EFTSL your fee will differ.

Annual review

Importantly, tuition fees are subject to annual review, and are likely to increase each year of your period of study, effective at the start of each calendar year.

Additional incidental fees and health insurance

For some courses there are incidental fees additional to the tuition fees. Some of those fees are significant, for example, faculty-specific materials, tools, protected clothing, and equipment. The University's Future Students' webpage has further information about these additional incidental fees for postgraduate coursework students and postgraduate research students.

In addition to the fees indicated here for the course of study, International Students studying on an Australian Student Visa must have appropriate health insurance for the duration of their studies on a Student Visa through an approved provider of the Overseas Student Health Cover (OSHC) scheme. This is a requirement of the Australian Government, unless otherwise exempted by the Government.

Potential for inaccuracy

Whilst every reasonable effort has been made to include correct and up to date information here, you are also advised to consult directly with the Student Centre for domestic students or the International Office for international students so that they can provide you with specific and up to date information about those fees.

Student profiles