Master of Commerce (Finance) (MC-COMFIN) // Course structure
About this course
Contact
Professor Garry Twite
e: buseco-gradresearch@unimelb.edu.au
For currently enrolled students:
mbs.unimelb.edu.au/students/course-planning
e: buseco-gradresearch@unimelb.edu.au
For future students:
Course structure
The Master of Commerce (Finance) consists of 16 subjects comprising 9 compulsory Finance subjects, 1 Derivative subject, 1 Economics subject, 1 Econometrics subject, 1 Mathematics subject and either 3 or 4 constrained choice electives.
Progression from Year 1 to Year 2 of the Master of Commerce (Finance) requires:
- A minimum average of 75% overall in the subjects taken during Year 1; and
- a minimum average of 75% for the compulsory Finance subjects taken in Year 1.
Students who discontinue from the Master of Commerce (Finance) after Year 1 but have successfully completed the requirements of the Graduate Diploma in Commerce (Finance) will be eligible to receive the Graduate Diploma in Commerce (Finance) as an exit award.
Progression from Year 2 of the Master of Commerce (Finance) to the Doctor of Philosophy (Business and Economics) requires:
- A minimum average of 75% overall in the subjects taken during Year 2; and
- a minimum average of 75% for the compulsory Finance subjects taken in Year 2.
Subject options
Year One
All students must complete the following subjects:
Compulsory Finance subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| FNCE90002 | Foundations of Finance | Semester 2 (On Campus - Parkville) |
12.5 |
| FNCE90009 | Research Report (Finance) | Semester 2 (On Campus - Parkville) |
12.5 |
| FNCE90041 | Finance Theory - Investments | Semester 1 (On Campus - Parkville) |
12.5 |
| FNCE90042 | Finance Theory - Corporate Finance | Semester 1 (On Campus - Parkville) |
12.5 |
One Derivative subject chosen from the following:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| FNCE90005 | Advanced Derivative Securities | Semester 2 (On Campus - Parkville) |
12.5 |
| MAST30001 | Stochastic Modelling | Semester 2 (On Campus - Parkville) |
12.5 |
One Economics subject chosen from the following:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON90063 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90002 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90062 | Behavioural Economics:Accounting&Finance | Not available in 2025 | 12.5 |
| ECON30024 | Economics of Financial Markets | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90022 | Game Theory | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30022 | Experimental Economics | Semester 2 (On Campus - Parkville) |
12.5 |
One Econometrics subject chosen from the following:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM90002 | Econometrics 2 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ECOM90013 | Econometrics 3 | Semester 1 (On Campus - Parkville) |
12.5 |
One Mathematics subject chosen from the following:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON90053 | Mathematics for Economists | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST20026 | Real Analysis |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| MAST90057 | Elements of Probability | Not available in 2025 | 12.5 |
| MAST90058 | Elements of Statistics | Not available in 2025 | 12.5 |
| MAST90059 | Stochastic Calculus with Applications | Semester 1 (On Campus - Parkville) |
12.5 |
| MAST90027 | Practice of Statistics & Data Science | Not available in 2025 | 12.5 |
| MAST90051 | Mathematics of Risk | Not available in 2025 | 12.5 |
Year Two
All students must complete the following subjects:
Compulsory Finance subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| FNCE90076 | Empirical Corporate Finance | Semester 2 (On Campus - Parkville) |
12.5 |
| FNCE90077 | Empirical Investments | Semester 1 (On Campus - Parkville) |
12.5 |
| FNCE90007 | Studies in Empirical Finance | Semester 2 (On Campus - Parkville) |
12.5 |
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| FNCE90090 | Thesis Workshop 1 | Semester 2 (Extended) (On Campus - Parkville) |
12.5 |
| FNCE90091 | Thesis Workshop 2 | Semester 1 (Early-Start) (On Campus - Parkville) |
12.5 |
Two electives chosen from the following Economics and Econometrics subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON90063 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90002 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90012 | Microeconomics II | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90062 | Behavioural Economics:Accounting&Finance | Not available in 2025 | 12.5 |
| ECON30024 | Economics of Financial Markets | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90022 | Game Theory | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30022 | Experimental Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90003 | Macroeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM90013 | Econometrics 3 | Semester 1 (On Campus - Parkville) |
12.5 |
| ECOM90005 | Advanced Econometric Techniques | Semester 1 (On Campus - Parkville) |
12.5 |
| ECOM90003 | Applied Microeconometric Modelling | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90014 | Advanced Econometric Techniques 2 | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90011 | Financial Econometrics | Not available in 2025 | 12.5 |
And students must select one of the following options:
Option One:
One additional 12.5-point elective from the Year 1 or Year 2 Economics, Econometrics or Mathematics elective subjects listed above;
or
Option Two:
Both 6.25-point electives listed below:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| FNCE90043 | Special Topics in Finance A | March (On Campus - Parkville) |
6.25 |
| FNCE90044 | Special Topics in Finance B | April (On Campus - Parkville) |
6.25 |
Last updated: 21 February 2025