Master of Economics
The information on this page applies to future students. Current students should refer to their faculty handbooks for course information.
In 2014 the University of Sydney’s School of Economics launched the Master of Economics Analysis, which is rapidly becoming a benchmark for high-end postgraduate economics training in Australia.
This year we are launching our new Master of Economics, which combines an enhanced focus on industry-relevant training with the academic rigour that has long been a hallmark of our postgraduate economics coursework degrees. The new course has a distinct focus on applied economics and you will have the opportunity to tailor your study to your own interests and experience by selecting elective units from a wide range of options. We aspire for the Master of Economics to be recognised as the preferred professional development qualification in the Australian job market and the economics postgraduate degree of choice for employers seeking to hire at the postgraduate level.
The University of Sydney Master of Economics comes from a long tradition of excellence that started in 1920. A Nobel Laureate, John Harsanyi, numerous business leaders and many Australian politicians received their undergraduate and/or postgraduate Economics training from us. While our enviable reputation owes a great deal to our distinguished alumni community, it is complemented by the strength and dynamism of our research activities. We are ranked as world class in all fields of economics and are top-rated in the Asia-Pacific in a number of applied fields such as Macroeconomics and Behavioural Economics.
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.
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.
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 majors.
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 maybe counted towards majors, please refer to the particular major 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.
Further course information
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
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.
Specialisations (18 credit points) are available in Economics, Econometrics, or Financial Economics. Students can complete specialisations in more than one subject area.
(a) a bachelor’s degree from the University of Sydney with a minimum credit (65 percent), or an equivalent qualification or
(b) completion of the requirements of the embedded Graduate Certificate or Graduate Diploma in Economics 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
How to apply
Australian citizens, permanent residents, New Zealand citizens, and holders of a permanent humanitarian visa, apply through the Faculty of Arts and Social Sciences - click on the 'Apply now' icon on this page to proceed with your application.
To be considered for a Commonwealth Supported Place (CSP), a completed application must be received by the 30th November for semester 1, 2015 and 30 May 2015 for semester 2, 2015. Please refer to the following link for application details: sydney.edu.au/arts/future_students/scholarships.shtml
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.
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 2015, 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 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.
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 2015, tuition fee for international postgraduate students represents the fees that are 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.
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.