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Master of Economics

Why study with us?

  • No. 17 in the world

    With our Faculty of Arts and Social Sciences ranked 17th in the world by the 2018 QS World Rankings by Subject, you will study one of Australia’s leading economics degrees from world-renowned experts and researchers.

  • Top graduates

    Our graduates are highly sought after, with our alumni including leaders in the Reserve Bank, the Treasury and other government departments, international agencies, financial institutions and NGOs.

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.

The Master of Economics is also offered as a dual degree pathway in partnership with Fudan University. To learn more about the pathway including its specific entry requirements, please see further below.

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.

Subject areas

Students complete their specialisation from the following subject areas:

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

Your funding & scholarships

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.

If your undergraduate degree includes a major in Economics you may be eligible for Recognition of Prior Learning (RPL) and able to complete the degree sooner. You would begin by studying the four core advanced units.

Students without sufficient prior training in Economics complete four foundation units before undertaking the core units. The foundation units will take you to an intermediate level in Microeconomics, Macroeconomics and Econometrics, and provide you with the communication and quantitative skills required to succeed in the remainder of the degree.

After completing the core units you can choose from a wide range or electives to tailor your degree to the specific needs of your current workplace or your future career.

Study plan

To qualify for the Master of Economics you 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
  • ECON5005 Quantitative Tools for Economics

Please note: Foundation units of study 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
  • ECON5004 Communication in Economics 

Specialisation and elective subject areas

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

  • Economics
  • Econometrics
  • Financial Economics

Capstone

Students complete the capstone unit ECON7030 Economics Research Project during their final semester. 

Units of Study

Completion requirement

Under normal progression, a full-time student completes prescribed units of study to the value of 24 credit points per semester. Part-time students may undertake prescribed units of study up to the value of 12 credit points per semester. You are required to attend all lectures, tutorials and other activities prescribed for your units of study.

Capstone (compulsory project)

In your last semester you will undertake a capstone unit ECON7030 Economics Research Project, working on an independent research project on a topic of your choice.

Admission requirement

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

  • a bachelor's degree with from the University of Sydney, with a minimum credit (65%), or an equivalent qualification; or
  • completion of the requirements for the embedded Graduate Certificate or Graduate Diploma in Economics with a minimum credit (65%) average, or an equivalent qualification.

Recognition of Prior Learning

If you have completed previous studies in a related area or have relevant work experience, you can reduce the length of you studies or receive credit based on the Recognition of Prior Learning criteria below:

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

  • a bachelor's degree with from the University of Sydney, with a major in Economics and with a minimum credit (65%), or an equivalent qualification; or
  • relevant professional work experience and a bachelor's degree with a minimum credit (65%) average or an equivalent qualification.

Admission to candidature for the Master of Economics (1 year full-time) requires:  

  • an Honours degree in Economics;  

If you do not meet the requirements listed above for direct entry to the Master’s degree, you may be able to enter via a Graduate Certificate or Graduate Diploma in the same subject area and upgrade to the Master’s after successful completion of the shorter course.

The dual degree pathway with Fudan University

Graduate with two master’s degrees from two prestigious international universities. Designed for students* who wish to engage in international business partnerships with China and take advantage of growing business opportunities in the region, this dual degree equips you with advanced analytical and quantitative skills in economics.

Upon completion, you will be awarded a Master of Economics from the University of Sydney and a Master in World Economy (Globalisation and Chinese Economy) from Fudan University.

*Due to Ministry of Education of P.R. China regulations, this dual degree is not available to Chinese citizens including nationals from Hong Kong, Taiwan and Macau.

Admission requirements

Admission to the Fudan dual degree pathway is a joint decision made by both institutions. The University of Sydney admission requires:

  • A bachelor’s degree with a major in Economics, Econometrics or Financial Economics from the University of Sydney, or equivalent qualification

  • English language proficiency requirements as indicated in the entry requirements 

Learn more about Fudan's entry requirements

Requirements for completion

In this dual degree pathway, a reduction in the volume of learning of 24 credit points will be applied based on your undergraduate major in economics, representing the four foundation units in the Master of Economics.

You will be therefore required to complete 72 credit points, comprising of the following:

  • 48 credit points (8 units of study) at the University of Sydney, comprising:

    • 4 core units (24 credit points): Microeconomics Analysis 1, Macroeconomics Analysis 1, Econometric Applications, Communication in Economics

    • 4 elective units (24 credit points), including at least one specialisation

  • 24 credit points will be credited to your Sydney degree on the completion of 1 year of full time study at Fudan University, comprising:

    • 4 compulsory units: Chinese Economy, China’s Taxation System and Fiscal Policy, Doing Business in China, Basic Chinese

    • 2 elective units

    • 1 master’s thesis 

The total duration of the degree is therefore 2 years of full time study, comprising of 1 year of full time study at the University of Sydney, and 1 year of full time study at Fudan University.

Candidates will be eligible for the dual degree upon completion of the academic requirements for the Master of Economics and the Master’s program at Fudan University.

Commencement dates

Studies at the University of Sydney commence in Semester 1 (February) or Semester 2 (August).

Studies at Fudan University commence in September only.

Students completing their studies in Sydney at the end of Semester 2 will have a study gap until the following September. International student visa holders may not be able to remain in Australia during this period and will need to check with the Department of Home Affairs about their visa status.

How to apply

Applications for the dual degree pathway are made directly to the University of Sydney via the online application portal.

You must complete the supplementary application form with a statement of motivation (no more than 1000 words) indicating that you are applying for the dual degree pathway.

Progression rules

Dual degree students are required to successfully complete all required components each semester to remain in the dual degree program. Students who fail to meet course requirements will exit the program and may transfer to the single qualifying award only. Dual degree students may also opt out of the dual award option and continue with the single degree.  

 

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.

Visa/MasterCard surcharge


Please note that a surcharge of 1.53% will apply for payments made by Visa or MasterCard. 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.

Visa/MasterCard surcharge


Please note that a surcharge of 1.53% will apply for payments made by Visa or MasterCard. 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.

Fee information for the dual degree pathway

The dual degree pathway consists of two separately priced tuition fee components. The exact fees that you will pay depends on the provider (Fudan University or The University of Sydney), and the calendar year in which you undertake your studies in the dual degree pathway.

The University of Sydney:
The first tuition fee component is for the study undertaken in the Master of Economics at The University of Sydney. Please refer to the fees information on this page for more detailed information.

Fudan:
The second tuition fee component is the study undertaken at Fudan University. Regardless of whether you are a Commonwealth supported student, or international full fee paying student, tuition fees are paid directly to Fudan University. The tuition fees are available on the Fudan University website. Students are responsible for all Fudan University fees applicable and must make their own enquiries directly with Fudan to determine what these fees are.

 

Other important information

Students admitted to the dual degree pathway will be required to arrange an appropriate visa to undertake the study component at Fudan University upon completing the University of Sydney study component. There are visa application fees, airfares and other costs that need to be factored into your additional costs for this dual degree pathway.

 

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