Faculty Handbook: For more information regarding degree requirements and resolutions for this course in the current year, students should refer to the Faculty of Economics and Business Handbook.

Students who commenced their course prior to the current year, should refer to the handbook of the year they commenced their course.

Cost: For details of course fees information please see the Postgraduate coursework fees page.

Master of Economics (MEc)

Course Code	FC050
Course Type	Postgraduate
Credit Points Required	72
CRICOS code	053963K

Description

The Master of Economics provides advanced training in theoretical and applied aspects of modern economics, econometrics and financial economics. It is one of the largest programs of its type in Australia and a leading supplier of graduates to both the private and public sectors. In addition, this coursework program provides students with the necessary foundations in economics and econometrics to proceed to a PhD within Australia or abroad. The Master of Economics is offered jointly by the Disciplines of Economics, Operations Management and Econometrics, and Finance. There are two intakes per year for the Master of Economics, with classes commencing in March and July. Every effort is made to make this program accessible to part-time students.

Please Note: Students who commenced their degree prior to 2010 should refer to the course structure, available major subject areas and resolutions in the faculty handbook for the year they commenced. Archived downloadable faculty handbooks can be accessed on the Handbooks website.

Course Rules

To be awarded the Master of Economics, students must successfully complete a total of 12 units of study (72 credit points), comprising:

three compulsory foundation (5000-level) units of study (18 credit points). (Note: Students who wish to complete a major in 'Financial Economics' must complete an additional foundation unit of study; that is, a total of four foundation units of study or 24 credit points)
four compulsory (advanced/6000-level) units of study (24 credit points)
At least 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
A second major (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 of Study

The following foundation unit of study is necessary for students who wish to study the major or elective units from the Financial Economics subject area:

FINC5001 Capital Markets and Corporate Finance

Please Note: Foundation units are prerequisite units for all the advanced units (6000-level) in this degree, however foundation units cannot be counted towards majors.

Compulsory units of study

Compulsory units of study must be completed for this degree.

Please Note: The compulsory 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.

Subject areas for majors and electives

Enrolment Guide

Students would normally complete all their required foundation units of study first (unless they have received credit for them), as foundation units of study are usually the prerequisites for particular majors and elective units of study. However, providing that specified prerequisites/corequisites for the relevant elective units of study are met, a student may take one or more compulsory or elective units of study in the first semester/s of study, and one or more foundation units of study in subsequent semesters of study.

The following table shows an example degree progression for students enrolled in the Master of Economics on a full-time basis completing four units of study per semester beginning in Semester 1 of a year.

Year / Semester	Unit of study 1	Unit of study 2	Unit of study 3	Unit of study 4	Total credit points
Year 1 Semester 1	Principles of Econometrics	Microeconomic Theory	Macroeconomic Theory	Capital Markets and Corporate Finance or elective	24
Year 1 Semester 2	Econometric Applications	major or elective	major or elective	major or elective	24
Year 2 Semester 1	Microeconomic Analysis 1	Macroeconomic Analysis 1	Mathematical Methods of Economic Analysis	major or elective	24

Please Note: The information listed in this program of study example is meant as a guide only. Students should always check the requirements for individual units of study. Students are usually able to complete the units of study for their degree in different sequences to that listed above. You are advised to plan their degree based upon your individual needs and to contact the Student Information Office if you need any assistance in planning your progression in your degree.

Degree Progression Examples

Please click on the links below to download some of the common major/unit of study combinations for the Master of Economics.

Please Note: The information listed in these program of study examples are meant as a guide only. Students should always check the requirements for individual units of study and majors.. Students are advised to plan their degree based upon their individual needs and to contact the Student Information Office if they need any assistance in planning their progression in their degree.

Entry Requirements

For entry into this degree, students must have completed a bachelor's degree, graduate diploma, graduate certificate or equivalent from a recognised tertiary institution with a minimum credit (65 per cent) average.

For details of the English language requirements for entry into this course, please refer to: 'English Language Requirements for International Students' under the Admissions information on the University's website.

Duration of Course

Full-time: A typical full-time student will undertake three or four units of study per semester, completing the 12 units in three or four semesters (in 1.5 to two years).

Part-time: Students undertake one or two units per semester, typically completing the program in three to six years.

Master of Economics (Honours)

The Master of Economics (Honours) will not be available for students commencing in 2010

Students who commenced their Master of Economics degree prior to 2010 are able to follow the requirements for the Master of Economics (Honours) outlined in the faculty handbook for the year the commenced their pass degree. Archived downloadable faculty handbooks can be accessed on the Handbooks website.

Faculty of Economics and Business