Master of Economics (MC-ECO) // Course structure

Course structure

Year 1

The first year of the Master of Economics consists of eight semester-length subjects comprising two core economics subjects, an econometrics subject and five elective subjects.

Year 2

The second year of the Master of Economics consists of eight semester-length subjects comprising two economics subjects, an econometrics subject, three elective subjects and the (double subject) Research Report.

Students enrolled in the Doctoral Program in Economics should enrol in the subjects outlined in the specific doctoral program section below.

Subject options

Year 1

The first year of the Master of Economics consists of eight semester-length subjects comprising two core economics subjects, an econometrics subject and five elective subjects.

Two core economics subjects:

One of the following econometrics subjects:

Five elective subjects:

Selected from third year (level three), fourth year (level four), and advanced offerings of the Faculty as approved by the Academic Director of the program. An elective subject may not be taken if a candidate has previously completed a subject of similar content. Please see the Master of Economics elective list here.

Year 2

The second year of the Master of Economics consists of eight semester-length subjects comprising two economics subjects, an econometrics subject, three elective subjects and the (double subject) Research Report*.

Two economics subjects:

Students must select at least one subject from Group A and at least one subject from Group B

Group A

Group B

One of the following econometrics subjects:

Students who have completed ECOM90013 Econometric Techniques in the first year of their Masters are permitted to enrol in either ECOM90005 Advanced Econometric Techniques, ECOM90007 Macroeconometrics, ECOM90008 Microeconometrics, ECOM90010 Bayesian Econometrics, or ECOM90011 Financial Econometrics. Students who have not completed ECOM90013 Econometric Techniques in the first year of their Masters must do so in Year 2.

Captone subject

Students must enrol in both Parts 1 and 2 of the Research Report in consecutive semesters.

*Students who have already completed a research project/component that accounts for at least 25% of their year’s work during a four-year Honours degree in economics may be eligible for an exemption from ECON90071 and ECON90072. An exemption will normally only be considered if a grade of at least an equivalent University of Melbourne H2A (75%) was achieved and if the four-year Honours degree in economics was completed no more than 2 years prior to entry into the second year of the Masters program. Students who are eligible for an exemption from ECON90071 and ECON90072 will be able to choose 2 alternative 12.5 point subjects in consultation with the Masters of Economics Program Director.

Three elective subjects:

Three Masters-level elective subjects from the Department of Economics. An elective subject may not be taken if a candidate has previously completed a subject of similar content. Please see the Master of Economics elective list here.

Doctoral Program Students

Students completing the Master of Economics as year 1 of the 4 year Doctoral Program in Economics must complete the following subjects:

If an exemptions has been provided for ECON90071 and ECON90072, then students should complete ECON90053 Mathematics for Economists and a Masters elective approved by the PhD Director.

Last updated: 18 December 2020