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Master of Commerce (Finance) (MC-COMFIN) // Course structure

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Course structure

The Master of Commerce (Finance) consists of 16 subjects comprising 9 compulsory Finance subjects, 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.

Year 1 (100 credit points)  

Compulsory Finance subjects (50 credit points)  

Code Name Study period Credit Points
FNCE90002 Foundations of Finance
Semester 2 (On Campus - Parkville)
 12.5
FNCE90009 Research Report (Finance) Not available in 2026 12.5
FNCE90041 Finance Theory - Investments
Semester 1 (On Campus - Parkville)
 12.5
FNCE90042 Finance Theory - Corporate Finance
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
 12.5

Elective subjects (12.5 credit points)
Select one of any Level 3, Level 4, or Level 9 subject in a related discipline with the written approval of the PhD Program director or directors.  

Compulsory Economics subjects (12.5 credit points) choose one of:  

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 2026 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
       

Compulsory Econometrics subjects (12.5 credit points) choose one of:  

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

Compulsory Mathematics subjects (12.5 credit points) choose one of:  

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 2026 12.5
MAST90058 Elements of Statistics Not available in 2026 12.5
MAST90059 Stochastic Calculus with Applications Not available in 2026 12.5
MAST90027 Practice of Statistics & Data Science
Semester 2 (On Campus - Parkville)
 12.5
MAST90051 Mathematics of Risk
Semester 2 (On Campus - Parkville)
 12.5
ECON30020 Mathematical Economics
Semester 2 (On Campus - Parkville)
 12.5

 

Year 2 (100 credit points)  

Compulsory Finance subjects (62.5 credit points)  

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

Elective subjects (25 credit points) by selecting two of:  

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 2026 12.5
ECON90022 Game Theory
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
Semester 2 (On Campus - Parkville)
 12.5

 
And one elective (12.5 credit points) from any of the above Economics, Econometrics, or Maths subjects OR both of the following:  
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

In Year 1 any requirement may be substituted with any Level 3, Level 4 or Level 9 subject in a related discipline at the written approval of the PhD Program director or directors.

In Year 2, any requirement may be substituted with any  Level 9 subject in a related discipline at the written approval of the PhD Program director or directors.

Last updated: 19 November 2025