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Master of Philosophy - preliminary year

Course code: 0026 + Course abbreviation: MPhilPrelim + Total credit points required: 48 + 1 year full-time

Study mode and course location

On-campus (Berwick; Caulfield; Clayton; Gippsland; Malaysia; Peninsula)

Course description

This course, available to international students only, provides a fourth year of study for students wishing to undertake a research degree. It is also suitable for students who wish to undertake a higher degree by research but do not meet the admission requirements. Australian domestic students will undertake the program by enrolling in either the Postgraduate Diploma in Commerce or Postgraduate Diploma in Economics programs.

Entry requirements

This program provides a year of study (equivalent to an honours year) for students who wish to undertake a higher degree by research (PhD, DBA or MPhil) but do no meet the admission requirements. Candidates for admission require a pass degree in the proposed discipline area of study with an average mark of 70% or above from a recognised tertiary institution.

Course structure

Programs are available in the following areas.

Accounting and finance

In their first semester, students will enrol in AFC4400 (Research proposal) (6 points), AFC4100 (Research methods in accounting and finance) (6 points) plus two other units (total 12 points) selected from the list below. At the end of first semester, the submitted research proposal will be assessed by a panel consisting of the research director of the Department of Accounting and Finance, the lecturer-in-charge of AFC4400 and the student’s research mentor. For those research proposals of students enrolled in the Postgraduate Diploma in Commerce considered to be of a sufficient standard, the student will be invited to complete AFC4440 (Research project) (12 points) in second semester. Only students invited to do AFC4440 will be permitted to enrol. Students not invited to do AFC4440 but who wish to do it may appeal to the relevant head of discipline for a review of their research proposal. Unless there are exceptional circumstances, students enrolled in the Master of Philosophy preliminary program will not be permitted to enrol in AFC4440 (Research project).

For students who take up the offer of doing a research project, their course structure for their second semester will be as follows:

  • AFC4440 Research project (12 points) (double unit)

Two units (total 12 points) selected from the list below.

For those students who do not undertake AFC4440 (Research project), their course structure for their second semester will be as follows:

  • AFC4860 Economics and commerce issues seminar (6 points)

Three units selected (total 18 points) from the list below.

Unit selection

In order to complete a total of 48 points, in addition to completing AFC4400, AFC4100 and either AFC4440 or AFC4860, students:

(a) Must enrol in at least two units (12 points) from the list below:

  • AFC4120 Capital markets and other empirical financial accounting research
  • AFC4130 Management accounting
  • AFC4140 Corporate financial theory
  • AFC4160 Issues in auditing
  • AFC4170 Analysis of financial statements
  • AFC4200 Research papers in accounting and finance 1
  • AFC4240 Mathematical finance

(b) May include up to two special honours units (those units for which the first two digits are '43') either from the following list or a maximum of one special unit from the departments of Business Law and Taxation, Economics, or Econometrics and Business Statistics, provided that the third-year version of the unit has not been taken in previous years:

  • AFC4312 Advanced financial accounting
  • AFC4313 Advanced management accounting
  • AFC4314 Advanced business finance
  • AFC4316 Auditing and systems
  • AFC4317 Management of financial intermediaries
  • AFC4322 International financial reporting
  • AFC4323 Financial analysis and valuation
  • AFC4324 International finance
  • AFC4334 Options, financial futures and other derivatives
  • AFC4344 Pensions and financial planning
  • AFC4354 Advanced modelling in finance

(c) May include up to two fourth-year units (12 points) that are not special units from the departments of Business Law and Taxation, Economics, and Econometrics and Business Statistics.

(d) In special circumstances may include up to two units (12 points) from another faculty, where they are complementary to the honours program offered by the Department of Accounting and Finance. Such a student would need to have the appropriate prerequisites, and the head of the Department of Accounting and Finance would need to be satisfied that the units contributed to a coherent program of study.

Accounting and finance/econometrics

The course comprises eight 6-point units selected as follows:

(a) Completion of one core unit (6 points):

  • AFC/ETC4860 Economics and commerce issues seminar

(b) Students must complete a minimum of three units (18 points) from the following list:

At least two units (12 points) selected from:

  • AFC4120 Financial accounting theory
  • AFC4130 Management accounting
  • AFC4140 Corporate financial theory
  • AFC4160 Issues in auditing
  • AFC4170 Analysis of financial statements
  • AFC4200 Research papers in accounting and finance 1
  • AFC4240 Mathematical finance

A maximum of one special honours unit (6 points) from the Department of Accounting and Finance (those units which begin with the code 'AFC43') provided that the third-year-level version of the unit has not been taken in previous years.

(c) Completion of at least two units (12 points) from the units listed below, including at least one of ETC4410 or ETC4460/ETC5460:

(d) A maximum of one special honours unit (6 points) from the Department of Econometrics and Business Statistics (those units which begin with the code 'ETC43'), provided that the third-year-level version of the unit has not been taken in previous years.

The remaining unit(s) can be selected from honours units offered by the departments of Accounting and Finance, Econometrics and Business Statistics, Business Law and Taxation, Economics, and Mathematics, or from other faculties. If the unit is from outside the Faculty, a student would need to have the appropriate prerequisites, and the heads of the Departments of Accounting and Finance and Econometrics and Business Statistics, would need to be satisfied that the units formed a coherent part of the proposed course of study.

(e) Overall, a maximum of two special units can be included in the course.

Econometrics

The course comprises eight 6-point units selected as follows.

(a) Students must complete one core unit (6 points):

(b) A minimum of four units (24 points) from the following list:

(c) A maximum of two special honours units (12 points) from the Department of Econometrics and Business Statistics (those units which begin with the code 'ETC43') provided that the third-year-level version of the unit has not been taken in previous years.

    * It is strongly recommended that ETC4340 be included if the student has not previously passed ETC3400.

(d) A maximum of three units (18 points) from honours units offered by the departments of Accounting and Finance, Business Law and Taxation, Economics, Management, Marketing and Mathematics, or from other faculties. Only one of these units can be a special unit (ie those units with a code XXX43XX), and the third-year version of the unit must not have been taken in previous years. Only two of these units can be from outside the faculty (excluding mathematics). For such units, a student would need to have the appropriate prerequisites, and the head of the Department of Econometrics and Business Statistics, or their nominee, would need to be satisfied that the units formed a coherent part of the proposed course of study.

Economics

The course comprises eight units (48 points) selected as follows.

(a) Students must complete three compulsory units (18 points):

(b) Students must complete five units (30 points) according to the following degree regulations.

(i) A maximum of five units (30 points) from the following list:

  • ECC4510 Economic history of modern Europe
  • ECC4520 Research essay
  • ECC4530 Economic history
  • ECC4540 History of economy and environment
  • ECC4550 Population and development
  • ECC4670 Economic development theory and policy
  • ECC4690 International trade policy
  • ECC4700 Restrictive trade practices and competition policy
  • ECC4710 Post-Keynesian economics
  • ECC4720 Law and economics
  • ECC4750 Hedging and uncertainty
  • ECC4790 Cost-benefit analysis
  • ECC4800 History of economic doctrine
  • ECC4810 The economics of collective choice
  • ECC4830 Welfare economics
  • ECC4840 Economics of industry, institution and organisation
  • ECC4850 Mathematical economic theory
  • ECC4870 Health economics
  • ECC4990 Economic evaluation of health services
  • ETC4430 Quantitative economic policy

(ii) A maximum of two fourth-year units (12 points) from the departments of Accounting and Finance, Business Law and Taxation, or Econometrics and Business Statistics. Students would need to have the appropriate prerequisites, and the head of the Department of Economics would need to be satisfied that the unit contributed to a coherent program of study. Only one of these units (6 points) can be a special honours unit (that is, a unit for which the first two digits of the code are '43') and the third-year-level version of the unit must not have been taken in previous years.

(iii) A maximum of one special honours unit (6 points) from the Department of Economics (those units which begin with the code 'ECC43') provided that the third-year-level version of the unit has not been taken in previous years.

(iv) In special circumstances, a maximum of one honours unit (6 points) may be chosen from other faculties where it is complementary to the honours program offered by the Department of Economics. Students would need to have the appropriate prerequisites, and the head of the Department of Economics would need to be satisfied that the unit contributed to a coherent program of study.

Economics/econometrics

The course comprises eight units (48 points) selected as follows:

(a) Students must complete one core unit (6 points):

(b) Students must complete three units (18 points) from the following list, one of which must be ETC4410 (Applied econometrics):

(c) Students must complete three units (18 points) from the following list, one of which must be ECC4650 (Microeconomics) or ECC4660 (Macroeconomics):

  • ECC4650 Microeconomics
  • ECC4660 Macroeconomics
  • ECC4690 International trade policy
  • ECC4700 Restrictive trade practices and competition policy
  • ECC4710 Post-Keynesian economics
  • ECC4720 Law and economics
  • ECC4750 Hedging and uncertainty
  • ECC4790 Cost-benefit analysis
  • ECC4800 History of economic doctrine
  • ECC4810 The economics of collective choice
  • ECC4830 Welfare economics
  • ECC4840 Economics of industry, institution and organisation
  • ECC4850 Mathematical economic theory
  • ECC4870 Health economics
  • ECC4990 Economic evaluation of health services

(d) Students must complete one unit (6 points) from the preceding list, or other honours units (including special honours units for which the first two digits are '43') taught by the departments of Econometrics and Business Statistics and/or the Department of Economics, and/or the Department of Accounting and Finance or, in special circumstances , from another department, provided that the appropriate prerequisites are met, the third-year version of the unit has not been taken in previous years and the heads of the departments are satisfied that the unit forms a coherent part of the proposed course of study.

Management

Students must complete five compulsory common core units (48 points):

  • MGX4000 Introductory management research methods
  • MGX4100 Perspectives and paradigms in management theory
  • MGX4200 Data analysis for organisational research
  • MGX4300 Contemporary issues in management
  • MGX4400 Research thesis (24 points)

Marketing

Students must complete five compulsory units (48 points):

  • MKX4050 Marketing theory
  • MKX4060 Marketing research practice
  • MKX4070 Qualitative methods: paradigms and approaches
  • MKX4080 Quantitative research methods in marketing
  • MKX4900 Independent research project (24 points)

Taxation law

Students must complete eight units from the following list:

  • BTF4200 Income and deductions
  • BTF4210 Taxation of trusts and partnerships
  • BTF4220 Taxation of companies and shareholders
  • BTF4230 Taxation of capital gains
  • BTF4240 Taxation of employees and contractors
  • BTF4250 Anti-avoidance rules and financial transactions
  • BTF4260 Tax administration and policy
  • BTF4270 Superannuation and retirement benefits
  • BTF4280 Taxation of international transactions
  • BTF4290 GST and other indirect taxes
  • BTF4300 Contemporary issues in taxation
  • BTF4310 Research project
  • Research report of 5000 to 7000 words

Students may take up to a maximum of two units (12 points) from the graduate program of the Department of Business Law and Taxation, other departments within the Faculty of Business and Economics or other faculties within the university.

Contact details

Course manager

To be advised

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