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

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 2024	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	Semester 1 (On Campus - Parkville)	12.5
MAST90058	Elements of Statistics	Semester 2 (On Campus - Parkville)	12.5
MAST90059	Stochastic Calculus with Applications	Not available in 2024	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

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
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 2024	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
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 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	February (On Campus - Parkville)	6.25
FNCE90044	Special Topics in Finance B	April (On Campus - Parkville)	6.25

Last updated: 4 April 2024