Master of Economics

University of Melbourne

Australia, Melbourne

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University of Melbourne

Australia , Melbourne

Key Facts

Program Level

Master by Course Work

Study Type

Full Time

Delivery

On Campus

Course Code

065396D

Campuses

Parkville

Program Language

English

Start & Deadlines

Next Intake DeadlinesMarch-2026

Go to the official application for the university

Duration 2 year(s)

Tuition Fee

AUD 56,992 / year

Next Intake March-2026

Master of Economics

About

Overview

Why study Economics at Melbourne Business School?

Understand the mechanics of the market: discover the theory, research and principles that drive the markets, and learn to evaluate policy and business decisions.
Predict future trends: develop the skills you'll need to grow into a dynamic, future facing career.
Learn from leading academics: our renowned academics maintain connections to industry and government.
Leading reputation: Melbourne is consistently ranked among the world's top universities for Business and Economics.
Become part of our global network: With over 60,000 business alumni in over 100 countries, you’re ensuring that you join a valuable network of peers from all business disciplines right from day one.

What is it about?

Melbourne Business School's Master of Economics offers advanced studies in economics and econometrics. You will gain the skills necessary to practice as a professional economist in the public or private sectors.

Graduates of the Master of Economics will have detailed knowledge of the most recent research in the disciplines of economics and econometrics and will have developed the skills needed to make their own contributions to that research. Graduates will leave as critical thinkers in microeconomics, macroeconomics and econometrics. They will develop expertise in:

Fundamental principals influencing markets and managing organisations
Evaluating the impact of a variety of cultural and environmental factors on economic policy and business decisions
Interpreting and critically evaluating articles in economics research literature

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Who is it for?

The Master of Economics is designed for students with prior training in economics or a similar discipline with a strong analytical/mathematical component, who wish to acquire the advanced skills needed to practice as a professional economist in the public or private sectors. The program is also an appropriate foundation for further PhD study.

Requirements

Entry Requirements

Admission criteria

To be considered for entry into this course, you must:

Have completed an undergraduate or postgraduate degree with a strong analytical or mathematical component with a Weighted Average Mark (WAM) of at least 75% (or equivalent), AND
Have completed the Graduate Records Examination (GRE), unless you have completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GRE exemption, AND
Submit a 500 word personal statement outlining why you wish to be considered for this course.

Please note: If you have an economics background, you will normally be required to have a major in economics including calculus-based economics subjects plus an econometrics subject with a weighted average mark of at least 75% across the major to meet the analytical or mathematical prerequisite requirements.

If you do not have an economics background, you will require an undergraduate major of a mathematical/analytical nature including calculus, linear algebra, and statistics subjects with a weighted average mark of at least 75% and will also be required to have completed microeconomics and macroeconomics subjects at least at the second-year level.

Meeting the published entry requirements for this course does not guarantee selection.

Where our admission criteria includes a minimum Weighted Average Mark (WAM) and/or specific subject criteria, these are based on University of Melbourne grades and subjects. If you've studied elsewhere, we'll assess your relevant prior studies and equivalent grades. Your final WAM may be adjusted depending on your previous institution's accreditation, subject grading, and pass marks.

You can use our graduate coursework grade conversion eligibility calculator to get an indication of whether you are eligible for this course based on your previous studies and Weighted Average Mark (WAM).

Calculate your eligibility

English language requirements

All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous study taught and assessed entirely in English or an approved English language test. If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:

English language test score requirements
If you need to undertake an English language test, you must meet one of the scores* below:

IELTS

6.5

with no band less than 6.0
TOEFL

79+

with writing 21; speaking 18; reading 13; listening 13
PEARSON

64+

with no communicative skill below 60
CAMBRIDGE

176+

with no skill less than 169
*Accepted tests: IELTS (Academic English Only); TOEFL Internet-based test; Pearson Test of English Academic; Cambridge English: Advanced/Certificate of Advanced English (CAE). If a test displays N/A, it means it is not accepted for this course.

About selection

When assessing applications, the Selection Committee will consider your previous studies and academic performance.

The Selection Committee may request additional information to clarify any aspect of an application, according to the University’s Academic Board rules regarding selection instruments.

Meeting the published entry requirements for this course does not guarantee selection.

The Selection Committee will consider your GRE score (if relevant) and your personal statement.

English Program Requirements

English language test score requirements

If you need to undertake an English language test, you must meet one of the scores* below:

IELTS

6.5

with no band less than 6.0

TOEFL

79+

with writing 21; speaking 18; reading 13; listening 13

PEARSON

64+

with no communicative skill below 60

CAMBRIDGE

176+

with no skill less than 169

*Accepted tests: IELTS (Academic English Only); TOEFL Internet-based test; Pearson Test of English Academic; Cambridge English: Advanced/Certificate of Advanced English (CAE). If a test displays N/A, it means it is not accepted for this course.

Career

Employment outcomes

Our graduates have gone on to some successful and varied careers. These are just some examples:

Within 1 year of graduating

Economist, Environment Protection Authority Victoria, Australia

Within 2 years of graduating

Analyst, Reserve Bank of Australia

Within 4 years of graduating

Senior Financial Analyst, Thomas Reuters, United Kingdom

Within 7 years of graduating

Senior Lecturer, City University of Macau, Macau

Practical Skills

You will leave the degree with a number of essential skills, including:

An advanced understanding of the fundamental principles of economics and econometrics
Develop cognitive, technical and creative skills to generate and evaluate advanced economic research questions
Critically analyse economic policy or decision making problems and apply relevant models and theories to generate effective solutions;
Apply analytical skills and techniques to critically assess a range of issues in economics, including: developing relevant research questions; determining the appropriate methodology for addressing the research questions; determining the information and data needed to conduct the research; and determining the feasibility of a research project

Melbourne Business School students are also offered the opportunity to develop their employability skills through our Skills Workshops.