Program Requirements

The Master of Economics requires the completion of 96 units, which must consist of:

• 48 units from completion of the following compulsory courses (List 1):

ECON6012 Optimisation for Economics and Financial Economics

ECON7073 Microeconomic Analysis

ECON7074 Macroeconomic Analysis

ECON8025 Advanced Microeconomic Analysis

ECON8026 Advanced Macroeconomic Analysis

EMET7001 Mathematical Techniques for Economic Analysis

EMET8005 Econometric Methods and Modelling

STAT7055 Introductory Statistics for Business and Finance

• 48 units from completion of the following concluding component:
• 18 units from completion of the following compulsory courses (List 2):

ECON8011 Microeconomic Theory

ECON8022 Macroeconomic Theory

EMET8002 Case Studies in Applied Economic Analysis and Econometrics

• 30 units from completion of courses from the following electives (List 3);

ECHI6009 The World Economy Since 1800

ECON6003 Economic Policy Issues

ECON6009 International Monetary Economics

ECON6016 International Economics

ECON6034 Public Sector Economics

ECON6037 Financial Economics

ECON6038 Industrial Organisation

ECON6039 Health Economics

ECON6040 Resource and Environmental Economics

ECON6041 Labour Economics and Industrial Relations

ECON6053 Game Theory

ECON6181 Competition Policy and Regulation

ECON6901 Advanced Topics in Poverty, Public Policy and Development

ECON8001 Topics in Macroeconomics

ECON8014 Computational Methods in Economics

ECON8021 Topics in Microeconomic Theory

ECON8050 Economic Growth

ECON8078 Organisational Economics

ECON8080 Advanced Behavioural Economics

ECON8091 The Economy, Politics and the State

ECON8887 Advanced Research Essay

EMET6001 Applied micro-econometrics

EMET6010 Applied Macro and Financial Econometrics

EMET6012 Business and Economic Forecasting

EMET8008 Advanced Econometrics II

EMET8014 Advanced Econometrics I

IDEC8003 Issues in Development Policy

IDEC8022 Economic Development

To continue to the concluding component (final 48 units) of studies, students must achieve a minimum 70% weighted average mark in the following courses:

• ECON6012 Optimisation for Economics and Financial Economics
• ECON8025 Advanced Microeconomic Analysis
• ECON8026 Advanced Macroeconomic Analysis
• EMET8005 Econometric Methods and Modelling

Students who do not achieve a minimum 70% weighted average mark will be transferred to the Master of Applied Economics, the Master of Economic Policy, or the Graduate Diploma of Economics. Students who achieve a weighted average mark in the above courses between 65-70% may choose to transfer to the Master of Applied Economics instead of the Master of Economic Policy.

Study Options

Admission Requirements

Applicants must present the following:

• A Bachelor degree or international equivalent with a minimum GPA of 5.0/7.0

The GPA for a Bachelor program will be calculated from (i) a completed Bachelor degree using all grades and/or (ii) a completed Bachelor degree using all grades other than those from the last semester (or equivalent study period) of the Bachelor degree. The higher of the two calculations will be used as the basis for admission.

Progression Requirements: To continue to the concluding component (final 48 units) of studies, students must achieve a minimum 70% weighted average mark in the following courses:

ECON8013 Optimisation for Economics and Financial Economics

ECON8025 Advanced Microeconomic Analysis

ECON8026 Advanced Macroeconomic Analysis

EMET8005 Econometric Methods and Modelling

If students do not achieve a minimum 70% weighted average mark they will be transferred to the Master of Economic Policy or the Graduate Diploma of Economics. Students who achieve a weighted average mark in the above courses between 65-70% may choose to transfer themselves to the Master of Applied Economics.

Ranking and English Proficiency: At a minimum, all applicants must meet program-specific academic/non-academic requirements, and English language requirements. Admission to most ANU programs is on a competitive basis. Therefore, meeting all admission requirements does not automatically guarantee entry. In line with the University's admissions policy and strategic plan, an assessment for admission may include competitively ranking applicants on the basis of specific academic achievement, English language proficiency and diversity factors.  Applicants will first be ranked on a GPA ('GPA1') that is calculated using all but the last semester (or equivalent) of the Bachelor degree used for admission purposes. If required, ranking may further be confirmed on the basis of: 

• a GPA ('GPA2') calculated on the penultimate and antepenultimate semesters (or equivalent) of the Bachelor degree used for admission purposes; and/or
• demonstrating higher-level English language proficiency

Prior to enrolment in this ANU program, all students who gain entry will have their Bachelor degree reassessed, to confirm minimum requirements were met.

Further information: English language admission requirements and post-admission support

Diversity factors: As Australia’s national university, ANU is global representative of Australian research and education. ANU endeavours to recruit and maintain a diverse and deliberate student cohort representative not only of Australia, but the world. In order to achieve these outcomes, competitive ranking of applicants may be adjusted to ensure access to ANU is a reality for brilliant students from countries across the globe.

Assessment of qualifications: Unless otherwise indicated, ANU will accept all Australian Qualifications Framework (AQF) qualifications or international equivalents that meet or exceed the published admission requirements of our programs, provided all other admission requirements are also met.

Where an applicant has more than one completed tertiary qualification, ANU will base assessment on the qualification that best meets the admission requirements for the program. Find out more about the Australian Qualifications Framework: www.aqf.edu.au.

Unless otherwise indicated, where an applicant has more than one completed tertiary qualification, ANU will calculate the GPA for each qualification separately. ANU will base assessment on the best GPA of all completed tertiary qualifications of the same level or higher.

ANU uses a 7-point Grade Point Average (GPA) scale. All qualifications submitted for admission at ANU will be converted to this common scale, which will determine if an applicant meets our published admission requirements. Find out more about how a 7-point GPA is calculated for Australian universities: www.uac.edu.au/future-applicants/admission-criteria/tertiary-qualifications.

Fee Information

All students are required to pay the Services and amenities fee (SA Fee)

The annual indicative fee provides an estimate of the program tuition fees for international students and domestic students (where applicable). The annual indicative fee for a program is based on the standard full-time enrolment load of 48 units per year (unless the program duration is less than 48 units). Fees for courses vary by discipline meaning that the fees for a program can vary depending on the courses selected. Course fees are reviewed on an annual basis and typically will increase from year to year. The tuition fees payable are dependent on the year of commencement and the courses selected and are subject to increase during the period of study.

For further information on Fees and Payment please see: https://www.anu.edu.au/students/program-administration/fees-payments

Scholarships

ANU offers a wide range of scholarships to students to assist with the cost of their studies.

Eligibility to apply for ANU scholarships varies depending on the specifics of the scholarship and can be categorised by the type of student you are.  Specific scholarship application process information is included in the relevant scholarship listing.

For further information see the Scholarships website.

Employment Opportunities

MECON students have strong training in Economic Theory, Econometrics, Mathematics, and Statistics. Their training is in line with the first-year PhD coursework in the top 20 Economics departments. Hence, they are strong candidates for top Ph.D. programs around the world. Their strong technical skills are also very attractive to research institutions and the public and private sectors with research-focused jobs. More specifically, their skills align with the required skills in analysis jobs in Treasury, Central Banks, and International Economics Institutions such as OECD and IMF. They can also be sought after by consulting firms and the finance and banking industry in roles related to economic and data analysis.

Learning Outcomes

1. Undertake formal analysis based on economic theory and empirically test solutions to economic problems.
2. Demonstrate technical skills in Economics by accessing current literature and applying it to tackle contemporary challenges.
3. Integrate the key findings of recent advancements in both theoretical and applied economics to address new challenges.
4. Undertake independent research in economics at the graduate level and provide economic intuition to interpret the results.

Inherent Requirements

Information on inherent requirements is currently not available for this program

Further Information

This program is available in S1 and S2.

Students are required to obtain an average of 70% in ECON8025 , ECON8026 , ECON6012 and EMET8005 to progress to the 2nd year of the Master of Economics.

Students who do not meet the 70% progression requirement will be transferred to the Master of Applied Economics, Master of Economic Policy or the Graduate Diploma of Economics.

Students who achieve a weighted average mark in the above courses between 65-70% may choose to transfer to the Master of Applied Economics instead of the Master of Economic Policy.

Please note: Postgraduate students in the Master of Economics are ineligible to undertake CBEA6070 ANU College of Business and Economics Internship Project (PG).

It is highly recommended that students take the Maths summer course offered by the Research School of Economics upon completion of EMET7001. Further information about this course is available here: https://www.rse.anu.edu.au/students/students/maths-summer-course/