Master of Economics
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Overview
Designed for students who want to become professional economists or econometricians. Even if you have not studied economics at undergraduate level you can graduate with a specialisation in economics.
Key features
- The program offers a wide range of units designed for students to learn the theoretical and applied aspects of modern economics at an advanced level.
- A strong global focus provides you with a comprehensive, international outlook, ensuring you are ready for the next step in your career.
- There are four specialisations offered in Master of Economics - economic analysis and policy, econometrics, financial economics and development.
- Qualified academic staff with industry-relevant experience will put you at the forefront of new knowledge.
Minimum course duration
1.5 years full time/ equivalent part time
Location
North Ryde
Suitable for
Professionals wanting to expand their career opportunities and further develop their analytical and decision making skills. This degree will allow you to make the jump to the next level in your career.
Candidates without Honours 1 or 2/1 seeking qualifying program for PhD entry.
Course fee
AUD $22,144.00 p.a. 
Student amenities fee
Information on the Student services and amenities fee
Entry requirements
A recognised first degree equivalent to a three year Australian bachelor degree, with a GPA of at least 2.7 (out of 4.0).
If you have a major in economics in your undergraduate degree you may be exempt from the gateway component, allowing you to complete the Master of Economics in 2 semesters of full time study.
English language requirements
If you have completed the NSW HSC or equivalent you satisfy the English proficiency requirements.
For full information view the English proficiency requirements table (436 Kb).
Work experience requirements
No work experience is required.
What you will study
| General requirements | Credit Points |
|---|---|
| Minimum number of credit points | 48 |
| Minimum number of credit points at 600 level | 16 |
| Minimum number of credit points at 800 level or above | 32 |
| Minimum number of credit points at 800 level or above designated as Economics | 32 |
| Completion of other specific minimum requirements as set out below |
Specific requirements
The following outlines the units (subjects) to be studied within this master
| 600 level | Credit Points | ||||
|---|---|---|---|---|---|
| Required | ECON632 | 4 | |||
| Required | ECON633 | 4 | |||
| Required | ECON634 | 4 | |||
| Required | either | ACST603 | |||
| or | ECON635 | 4 | |||
| 800 level or above | Credit Points | ||||
| Required | ECON840 | Applied Econometrics I | 4 | ||
| Required | ECON860 | Advanced Microeconomics | 4 | ||
| Required | ECON861 | Advanced Macroeconomics | 4 | ||
| Required | ECON864 | Mathematical Economics | 4 | ||
| Required | either | 1 specialisation | |||
| or | 16cp from units designated as Economics from the following: ACST800-ACST999, AFIN800-AFIN999, ECON800-ECON899, ECON904, ECON905, MKTG800-MKTG999 | 16 | |||
Students undertaking this course can choose from the following Master of Economics specialisations:
Notes
- The course information contained on this page is applicable for 2012 ONLY.
For more information please read the courses disclaimer.
Careers
Career Opportunities
Many opportunities exist in both the private and government sectors of business and industry. Graduates can work as financial analyst, market analyst, investment analyst, business journalist, Management consultant, researcher, statistician and planning/policy analyst.
Master of Economics graduates are in high demand with central banks, government departments, international organisations, financial institutions, regulators and large organisations. This degree can also be a pathway to a PhD in Economics.
Employers
- consultancy firms
- commercial banks
- government
- educational institutions
- investment banks
- NGOs
- research organisations
Average starting salary
Graduates can expect competitive salaries that compare well to salaries within other fields. According to Graduate Careers Australia, the average Economist graduate starting salary is $72,000.
Profiles
Our Graduates
Annick Lombard
"I thoroughly enjoyed my studies at Macquarie, in particular the opportunity to delve into an interesting array of economic subjects which are pertinent to contemporary society. During my university studies, I was also able to participate in the Global Leadership Program, a great way to broaden my degree and engage at a greater depth with present-day issues."
She is currently working at Australia’s Agency for International Development (AusAID).
Our Expertise
Dr George Milunovich
George is a senior lecturer in the Department of Economics. He specialises in financial econometrics, which is a branch of economics that studies quantitative problems arising from finance.
George has published in top academic and industry journals on the topics of volatility forecasting, financial contagion, real estate prices, and carbon allowance trading. These publications have been highly regarded as making a contribution to understanding in this field.
1. Academic transcript of your previous tertiary studies 