Master of Economics (MC-ECO) // Course structure
About this course
Contact
Future Students:
- Further information: mbs.unimelb.edu.au
- Submit an enquiry
Currently enrolled students:
- General information: https://ask.unimelb.edu.au
- Contact Stop 1
Program Director:
Email: nichifor@unimelb.edu.au
Director
Alexandru Nichifor
Course structure
All commencing Master of Economics students are required to seek study planning advice from the program director before enrolling into subjects.
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.
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:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON40001 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON40002 | Advanced Macroeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
One of the following econometrics subjects:
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM30002 | Econometrics 2 |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| ECOM40006 | Econometrics 3 | Semester 1 (On Campus - Parkville) |
12.5 |
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 elective list further down the page (at the end of the 'Year 2' section).
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
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON90002 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90068 | Case Studies in Microeconomic Policy | Not available in 2025 | 12.5 |
| ECON90013 | Labour Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90022 | Game Theory | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90023 | Development Economics | Not available in 2025 | 12.5 |
| ECON90028 | Economic Design | Not available in 2025 | 12.5 |
Group B
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON90003 | Macroeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
| ECOM90012 | Modelling the Australian Macroeconomy | Not available in 2025 | 12.5 |
| ECON90011 | Monetary Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90021 | Macroeconomic Techniques | Not available in 2025 | 12.5 |
One of the following econometrics subjects:
Students who have NOT completed ECOM90013 Econometrics 3 in the first year of their Masters MUST enrol into this subject in Year 2.
Students who have completed ECOM90013 Econometric Techniques in the first year of their Masters are permitted to enrol into one of the following (excluding ECOM90013 Econometrics 3):
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM90005 | Advanced Econometric Techniques | Semester 1 (On Campus - Parkville) |
12.5 |
| ECOM90007 | Macroeconometrics | Not available in 2025 | 12.5 |
| ECOM90008 | Microeconometrics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90010 | Bayesian Econometrics | Not available in 2025 | 12.5 |
| ECOM90011 | Financial Econometrics | Not available in 2025 | 12.5 |
| ECOM90013 | Econometrics 3 | Semester 1 (On Campus - Parkville) |
12.5 |
Captone subject
Students must enrol in both Parts 1 and 2 of the Research Report in consecutive semesters.
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECON90071 | Economics Research Report Part 1 | Semester 1 (Extended) (On Campus - Parkville) |
12.5 |
| ECON90072 | Economics Research Report Part 2 | Semester 2 (Early-Start) (On Campus - Parkville) |
12.5 |
*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. In the first year of the Master of Economics, students select Level 3 and 4 electives and in the second year, select Level 9 electives. Students may seek permission from the Program Director to take certain Level 9 subjects in the first year of the program.
Master of Economics elective list
Third Year Subjects (Level-3)
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM30003 | Applied Microeconometric Modelling | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM30004 | Time Series Analysis and Forecasting | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30001 | International Trade Policy | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30002 | Economic Development | Not available in 2025 | 12.5 |
| ECON30003 | Industrial Economics | Not available in 2025 | 12.5 |
| ECON30005 | Money and Banking | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30007 | Economics of Food Markets | Not available in 2025 | 12.5 |
| ECON30011 | Economics of Energy & Transport Systems | Not available in 2025 | 12.5 |
| ECON30017 | Organisations, Economics and Incentives | Not available in 2025 | 12.5 |
| ECON30018 | Economics of the Law | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30019 | Behavioural Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30022 | Experimental Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON30013 | Economic Analysis and Policy | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON30024 | Economics of Financial Markets | Semester 1 (On Campus - Parkville) |
12.5 |
Graduate Level Subjects (Level-9)
| Code | Name | Study period | Credit Points |
|---|---|---|---|
| ECOM90003 | Applied Microeconometric Modelling | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90004 | Time Series Analysis and Forecasting | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90005 | Advanced Econometric Techniques | Semester 1 (On Campus - Parkville) |
12.5 |
| ECOM90006 | Special Topics in Advanced Econometrics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90007 | Macroeconometrics | Not available in 2025 | 12.5 |
| ECOM90008 | Microeconometrics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90011 | Financial Econometrics | Not available in 2025 | 12.5 |
| ECOM90014 | Advanced Econometric Techniques 2 | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90017 | Econometrics of Markets and Competition | Semester 2 (On Campus - Parkville) |
12.5 |
| ECOM90020 | Computational Economics and Business | Semester 1 (On Campus - Parkville) |
12.5 |
| ECOM90023 | Treatment Effects and Program Evaluation | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90004 | Topics in Advanced Economic Analysis | Not available in 2025 | 12.5 |
| ECON90005 | Industrial Organisation | Not available in 2025 | 12.5 |
| ECON90011 | Monetary Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90012 | Microeconomics II | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90013 | Labour Economics | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90014 | Macroeconomics II | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90019 | International Trade | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90022 | Game Theory | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90023 | Development Economics | Not available in 2025 | 12.5 |
| ECON90027 | Public Economics | Not available in 2025 | 12.5 |
| ECON90028 | Economic Design | Not available in 2025 | 12.5 |
| ECON90037 | Positive Political Economics | Not available in 2025 | 12.5 |
| ECON90052 | Special Reading Topics in Economics | Not available in 2025 | 12.5 |
| ECON90053 | Mathematics for Economists | Semester 1 (On Campus - Parkville) |
12.5 |
| ECON90054 | Special Reading Topics in Economics 2 | Semester 2 (On Campus - Parkville) |
12.5 |
| ECON90075 | Economic Analysis and Policy | Semester 1 (On Campus - Parkville) |
12.5 |
| BUSA90473 | Business Practicum |
Semester 1 (Off Campus)
Winter Term (Off Campus)
Semester 2 (Off Campus)
|
12.5 |
| BUSA90485 | Global Business Practicum |
Summer Term (Off Campus)
July (Off Campus)
November (Off Campus)
|
12.5 |
| BUSA90525 | Business and Economics Internship |
Summer Term (Off Campus)
Semester 1 (Early-Start) (Off Campus)
Semester 2 (Early-Start) (Off Campus)
|
12.5 |
Last updated: 27 February 2025