B6030 Master of Economics

The Master of Economics is structured in four parts: Part A. Advanced preparatory studies, Part B. Core studies, Part C. Discipline studies and Part D. Elective studies

Part A. Advanced preparatory studies  

These studies will introduce you to economics at advanced undergraduate and graduate level, and are intended for students whose previous qualification is not in a cognate field.  

Part B. Core studies

The core studies develop your ability to apply economic theory and analytical techniques to real-world issues. You will gain advanced knowledge in applied microeconomics and macroeconomics, and build practical and analytical skills in economics.

Part C. Discipline studies   

These studies will develop your capacity as a critical and creative professional who is able to apply your knowledge of a specialised area to provide discipline based solutions. 

Part D. Elective studies

These studies will enable you to further develop your knowledge of your discipline area, or more broadly, select any units from across the university in which you are eligible to enrol. You can also use these studies to select elective units that provide a research pathway towards a Doctor of Philosophy course.

Master's entry points

Depending on prior qualifications you may receive entry level credit (a form of block credit) which determines your point of entry to the course:

• If you are admitted at entry Level 1 you must complete 96 credit points, comprising Part A, Part B, Part C and Part D

• If you are admitted at entry Level 2 you must complete 72 credit points, comprising Part B, Part C and Part D

• If you are admitted at entry Level 3 you must complete 48 credit points, comprising Part B and Part C.

Note: Students eligible for credit for prior studies may elect not to receive the credit and complete one of the higher credit-point options.

Research pathway

The research pathway in Part B is available by application only. If you entered the Master of Economics at entry Level 1 or entry Level 2 you must have a distinction grade (70%) average in your first year. You will only be able to undertake this pathway if you commenced your course as a full-time student due to the availability of units and progression requirements.

Course progression map

The course progression map provides guidance on unit enrolment for each semester of study.

The course comprises 96 credit points structured in four parts: Part A. Advanced preparatory studies (24 credit points), Part B. Core studies (30 credit points), Part C. Discipline studies (18 credit points) and Part D. Elective studies (24 credit points) 

Units are 6 credit points unless otherwise stated.

You must complete either a Coursework or Research pathway

Part A. Advanced preparatory studies (24 credit points)  

You must complete 24 credit points from the following:

Notes:

- You can complete only one of the following units: ECC2551 or ETF2700 or ETC2440

- You can complete only one of the following units: ECF5923 or ECC5901

- You can complete only one of the following units: ECF5927 or ECC5900

- You can complete only one of the following units: ETF5910 or ETC2410

• ECC2551 Mathematical economics or ETF2700 Mathematics for business or ETC2440 Mathematics for economics and business 

• ECF5923 Macroeconomic policy or ECC5901 Macroeconomics

• ECF5927 Managerial economics or ECC5900 Microeconomics

• ETF5910 Introductory applied econometrics or ETC2410 Introductory econometrics

Part B. Core studies (30 credit points) 

You must complete either a the Coursework pathway or Research pathway

Note: The research pathway is available by application only. If you entered the Master of Economics at entry Level 1 or entry Level 2 you must have a distinction grade (70%) average in your first year. You will only be able to undertake this pathway if you commenced your course as a full-time student due to the availability of units and progression requirements.

Coursework pathway

You must complete 30 credit points from the following units:

Note: You can complete only one of the following units: ECX5479 or ETC5341 or ETF5320

• ECF5410 Applied microeconomics

• ECF5421 Applied macroeconomics

• ECF5060 Applied economics research and consulting (12 credit points)

• ECX5479 Empirical strategies for policy evaluation

• ETC5341 Applied econometrics

• ETF5320 Applied econometrics

Research Pathway

You must complete 30 credit points from the following:

Note: You can complete only one of the following units: ECX5479 or ETC5341 or ETF5320 or ETX5441

• ECC5581 Economics research project S1

• ECC5582 Economics research project S2

• ECC5650 Microeconomic theory

• ECC5660 Macroeconomic theory

• ECX5479 Empirical strategies for policy evaluation

• ETC5341 Applied econometrics

• ETF5320 Applied econometrics

• ETX5441 Macroeconometrics

Part C. Discipline studies (18 credit points)

You must complete either the Coursework pathway or Research pathway

Note: The research pathway is available by application only. If you entered the Master of Economics at entry Level 1 or entry Level 2 you must have a distinction grade (70%) average in your first year. You will only be able to undertake this pathway if you commenced your course as a full-time student due to the availability of units and progression requirements.

Coursework pathway

You must complete 18 credit points chosen from any of the following disciplines:

General

• ECF5200 Game theory and business strategy 

• ECX5470 Competition, regulation and policy

• ECF5040 Industry economics 

• ECX5520 Economics of global investment decisions

• ECF5560 Cost-benefit analysis and economic decision making 

• ECC5740 Economics of financial decision making 

• ECF5590 Poverty, equality and opportunity

• ECX5690 International trade

• ECX5640 Economics of climate change

• ECC5871 Political economy - Institutions, order, and evidence 

• ECX5810 Public economics 

• ECX5600 Behavioural economics

Development

• ECF5590 Poverty, inequality and opportunity 

• ECF5580 Macroeconomic theory and policy for developing countries 

• ECF5570 Field experiments for social and public policy 

• ECX5001 Economics of environment and sustainability 

• ECX5641 The Indian economy

• ECX5890 Economic development

• ECC5511 Economic growth: causes and consequences

• ECC5670 Economics of developing countries

• ECC5801 Prosperity, poverty and sustainability in a globalised world

Policy

• ECF5360 The clean energy transition: economics and policy

• ECC5871 Political economics: Institutions, order and evidence 

• ECF5040 Industry economics 

• ECF5560 Cost benefit analysis and economic decision making 

• ECF5590 Poverty, inequality and opportunity

• ECX5001 Economics of environment and sustainability 

• ECX5470 Competition, regulation and policy 

• ECX5520 Economics of global investment decisions

• ECX5641 The Indian economy

• ECX5810 Public economics 

Quantitative

• ECX5479 - Empirical strategies for policy evaluation

• ECX5520 Economics of global investment decisions

• ECF5560 Cost benefit analysis and economic decision making 

• ETF5231 Business forecasting

• ETX5500 High dimensional data analysis

• ETF5922 Data visualisation and communication

• ETC5420 Microeconometrics 

Research pathway

You must complete 18 credit points from the following units

Note: Selection of units not specified below is to be determined in consultation with and approval of the Course Director.

• ECC5010 Special topics in advanced economics

• ECC5740 Economics of financial decision making

• ECX5470 Competition, regulation and policy

• ECF5040 Industry economics

• ECF5200 Game theory and business strategy

• ECF5360 The clean energy transition: economics and policy

• ECF5560 Cost benefit analysis and economic decision making

• ECF5570 Field experiments for social and public policy

• ECF5580 Macroeconomic theory and policy for developing countries

• ECF5590 Poverty, inequality and opportunity

• ECX5484 Industrial organisation

• ECX5690 International trade

• ECX5810 Public economics

• ECX5890 Economic development

• ECX5600 Behavioural economics

• ECX5001 Economics of environment and sustainability

Part D. Elective studies (24 credit points) 

You must complete 24 credit points at either Level 4 or Level 5.

Elective units may be chosen from the Faculty of Business and Economics or across the University as long as you have the prerequisites and there are no restrictions on admission to the units.