Master of Economics with a specialisation in Financial 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.
Financial Economics is about the management of financial risk and the decision making process required at individual, business, government and market level.
This specialisation will focus on investments including options, futures and derivatives, financial modelling, monetary and fiscal policy, financial regulations and international financial management.
Key features
- A strong global focus provides you with a comprehensive, international outlook, ensuring you are ready for the next step in your career.
- Qualified academic staff with industry-relevant experience will put you at the forefront of new knowledge.
- The specialisation offers a wide range of units designed for students to develop an indepth understanding of financial risk management at an advanced level.
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.
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
What you will study
| Degree 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 |
Master 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 | |||
Specialisation requirements
The following outlines the units (subjects) to be studied within this specialisation
| 800 level or above | Credit Points | ||||
|---|---|---|---|---|---|
| Required | 16cp from | ACST828 | Options, Futures and Derivatives | ||
| ACST829 | Capital Budgeting and Financial Modelling | ||||
| ACST834 | Financial Institutions Management and Regulation | ||||
| ACST865 | Quantitative Methods in Risk Management | ||||
| AFIN818 | Investments | ||||
| AFIN828 | International Investment and Risk | ||||
| AFIN837 | Capital Markets | ||||
| AFIN867 | International Financial Management | ||||
| AFIN875 | Investing in Emerging Markets | ||||
| ECON844 | Monetary and Financial Policies | ||||
| ECON846 | International Monetary Policy | ||||
| ECON904 | Research Project A | ||||
| ECON905 | Research Project B | 16 | |||
Notes
- The course information contained on this page is applicable for 2012 ONLY.
For more information please read the courses disclaimer.
Careers
Career Opportunities
Career 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.
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 Expertise
Associate Professor Max Tani
Max holds a PhD in Economics from the ANU. Before academia, Max worked for a decade in investment banking (Morgan Stanley and JP Morgan Chase).
His research interests focus on human capital and migration, and especially its effect on international knowledge transfers.
He is joint coordinator of the Faculty’s Skilled Labour Group and a co-leader of the migration cluster at the Centre for Social Inclusion. In 2010 Max was awarded the Vice-Chancellor’s Award for Teaching Excellence.
1. Academic transcript of your previous tertiary studies 