Master of Economics
The information on this page applies to future students. Current students should refer to their faculty handbooks for course information.
Economics unlocks a unique way of thinking about our world. As a Master of Economics graduate, you’ll have the proven ability to problem-solve, weigh the costs and benefits of any given situation, and read people and their behavioural responses to a wide variety of scenarios.
As one of the highest-ranking and largest economics programs of its kind in the region, this specialist degree provides core training in theoretical and applied aspects of modern economics, econometrics and financial economics. These foundational proficiencies are paired with a policy-oriented and practical application to real world situations. You’ll also have the opportunity to specialise in elective units spanning international trade and economic development, finance, public economics, experimental economics, econometric modelling and industrial organisation.
This versatile skillset makes our graduates highly employable in careers spanning today’s dynamic workplace, from the finance industry through to government departments, the Reserve Bank, international agencies and not-for-profit organisations, to marketing, product development and management consultancy roles.
Upon completion of the degree, you’ll gain entry into one of Australia’s most established and distinguished alumni communities in the field. Some of our Economics graduates have gone on to hold leading positions in the profession, with alumni including Reserve Bank of Australia Governor Glenn Stevens, Chairman of APRA, John Laker and Nobel Laureate in Economics, John Harsanyi.
This program provides comprehensive training in Economics for both those pursuing a career as a professional economist in the public or private sector, as well as for established professionals looking to up skill for career advancement. The Master of Economics also allows students to proceed to a PhD in Australia or internationally.
Please note: The units of study listed below are subject to change and are to be used as a guide only.
Units of study
For full information on Units of Study available in this course, please visit the Sydney Courses website
Full units of study list
- ECMT5001 - Principles of Econometrics
- ECMT6002 - Econometric Applications
- ECMT6003 - Applied Business Forecasting
- ECMT6006 - Applied Financial Econometrics
- ECMT6007 - Analysis of Panel Data
- ECON5001 - Microeconomic Theory
- ECON5002 - Macroeconomic Theory
- ECON6001 - Microeconomics Analysis 1
- ECON6002 - Macroeconomics Analysis 1
- ECON6003 - Mathematical Methods of Econ 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
- ECON6501 - Economics Postgraduate Exchange 1
- ECON6502 - Economics Postgraduate Exchange 2
- ECON6503 - Economics Postgraduate Exchange 3
- ECON6504 - Economics Postgraduate Exchange 4
- ECON6505 - Economics Postgraduate Exchange 5
- ECON6506 - Economics Postgraduate Exchange 6
- ECON6507 - Economics Postgraduate Exchange 7
- ECON6508 - Economics Postgraduate Exchange 8
- ECON6903 - Topics in Bus. Cycles & Monetary Policy
- ECON6904 - Topics in Labour Economics
- ECON6905 - Topics in Industrial Organisation
- ECON6906 - Topics in Economic Development
- ECON6907 - Topics in History of Economic Thought
- ECON6909 - Topics in Microeconomic Analysis
- ECON6910 - Topics in Macroeconomic Analysis
- ECON6948 - Special Topic in Economic Analysis
- ECON6998 - Special Topic in Econometrics
- ECON7010 - Economics Research Dissertation A
- ECON7020 - Economics Research Dissertation B
- ECON7030 - Economics Research Project
- 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
Further course information
To be awarded the Master of Economics, students must successfully complete a total of 12 units of study (72 credit points), comprising:
• three core foundational units of study (18 credit points)
• four core units of study (24 credit points)
• one area of specialisation (one major), 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 for majors and electives.
Foundational (core) units of study:
• ECMT5001 Principles of Econometrics
• ECON5001 Microeconomic Theory
• ECON5002 Macroeconomic Theory.
Please Note: Foundational (core) units cannot be counted towards majors.
Core units of study:
Core units of study must be completed for this degree:
• ECMT6002 Econometric Applications
• ECON6001 Microeconomic Analysis 1
• ECON6002 Macroeconomic Analysis 1
• ECON6003 Mathematical Methods of Economic Analysis
Please Note: The core units of study maybe counted towards majors, please refer to the particular major for further details of units of study available under these subject areas.
Specialisation subject areas
Students complete their specialisation and electives from the following subject areas.
• Financial Economics
Please see the following webpage regarding Progression rules and examples in the Master of Economics course:
Course outcomes and further study
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. Our graduates have taken on leading roles in the corporate world and key positions in the not-for-profit sector. You can join them.
Admission to candidature for the Master of Economics requires:
(a) a bachelor’s degree, graduate diploma, graduate certificate or equivalent qualification at an institution approved by the Faculty and graded at a standard acceptable to the Faculty; and where applicable:
(b) relevant work experience requirements as determined by the Faculty;
(c) satisfaction of the English language requirements; and
(d) any other minimum standards specified by the Faculty.
How to apply
How to apply
Domestic students apply through the Universities Admission Centre (UAC).
Visit the UAC website for more details.
How to apply
Overseas applicants may apply:
(i) directly to the University via the International Office; or (ii) through a University overseas representative (education agent).
Further information on applications and English language requirements and support services for international students is available on the International Office website.
Indicative postgraduate student contribution amount
This student contribution amount for a Commonwealth Supported Place is an indication only of the fees that are payable by you in the calendar year you commence your course, commencing in 2014 for a standard annual full time load of 48 credit points (1.0 EFTSL). The exact student contribution that you pay will depend on the specific units of study in which you ultimately enrol. If you are a Commonwealth supported student and was enrolled in a University course before 1 January 2013 your student contribution may differ.
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 2014, 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 2013 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 tuition fees for postgraduate students
This 2014, tuition fee for international postgraduate students represents the fees that are payable by you in the calendar year you commence your course, commencing in 2014, 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.
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.