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Master of Economics

Overview

The Master of Economics provides you with the training and knowledge for a wide range of careers and focuses on advanced coursework in economics and data analysis – critical skills in today’s workforce.

Designed to be relevant to new graduates as well as professionals seeking further training in economics for career progression or a career change, the Master of Economics encourages you to apply your training in practical ways to address major challenges in business and policy.

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 postgraduate economics training in Australia.

We offer evening classes to accommodate part-time students and professionals.

Specialisations

Entry, fees, funding & how to apply

Depends on your qualification, citizenship status

The details on this page based on your selections are a guide only, and are subject to change.

Your fee

How to apply

What you'll study

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 minimum of 24 credit points of foundation units of study; and
  • a minimum of 24 credit points of core units of study; and
  • a maximum of 42 credit points of elective units of study; and
  • at least one specialisation;
  • 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

Recognition of Prior Learning / credit for previous studies is available for this course, refer to Admission requirement below.

For an up-to-date list of units of study for this degree, please refer to the Economics unit of study table in the Postgraduate Handbook.

Units of Study

Admission requirement

Entry in the 1 year or 2 year degree program is determined by the Recognition of Prior Learning (RPL) criteria below.

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

  • 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 year full-time) requires: 

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

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 Handbooks Online 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.

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.
Future study options

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.

Domestic students

Indicative Postgraduate Student Contribution Amount


The student contribution amount for a Commonwealth Supported Place is an indication only of the amount payable in Year 1 for a standard full time load of 48 credit points (1.0 EFTSL). The exact student contribution that you pay will depend on the calendar year in which you undertake your study, and the specific units of study in which you ultimately enrol. For further information about how to calculate your specific total student contribution, please refer to the University's Tuition Fees website.

Annual review and fee increases


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

Indicative Postgraduate Domestic Tuition Fee


The tuition fee for a domestic postgraduate student is an indication only of the fees payable in Year 1 for a standard full time load of 48 credit points (1.0 EFTSL). Depending on the calendar year in which you undertake your study, and if your study load is more or less than the 1.0 EFTSL, your tuition fee will differ from the indicative amount.

Annual review and fee increase


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

Additional incidental costs


For some courses there are incidental costs additional to the student contribution and/or course fee. Some of these incidental costs are significant, for example, course-specific materials, tools, protected clothing and equipment. Further information about these costs is available from https://sydney.edu.au/students/materials-and-equipment.html.

Credit card surcharge


Please note that a surcharge of 0.8% will apply for payments made by Visa, MasterCard or American Express. The surcharge is subject to review and may change. Information about payment methods and the surcharge is set out at: http://sydney.edu.au/study/finances-fees-costs/fees-and-loans/paying-your-fees.html.

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 so that they can provide you with specific and up to date information about fees.

International students

Indicative International Tuition Fees for Postgraduate Students


The tuition fee for international postgraduate students is an indication only of the fees payable in Year 1 for a standard full time load of 48 credit points (1.0 EFTSL). Depending on the calendar year in which you undertake your study, and if your study load is more or less than the 1.0 EFTSL, your tuition fee will differ from the indicative amount.

Annual review and fee increases


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

Additional incidental costs and health insurance


For some courses there are incidental costs additional to the tuition fees. Some of these incidental costs are significant, for example, course-specific materials, tools, protected clothing, and equipment. Further information about these costs is available from https://sydney.edu.au/students/materials-and-equipment.html. 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.

Credit card surcharge


Please note that a surcharge of 0.8% will apply for payments made by Visa, MasterCard or American Express. The surcharge is subject to review and may change. Information about payment methods and the surcharge is set out at: http://sydney.edu.au/study/finances-fees-costs/fees-and-loans/paying-your-fees.html.

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 so that they can provide you with specific and up to date information about fees.

To help you understand common terms that we use at the University, we offer an online glossary.