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Monash University: University handbooks: Postgraduate handbook: Units indexed by faculty
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Master of Philosophy – preliminary year

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

Study mode and course location

On-campus (Berwick; Caulfield; Clayton; Gippsland; Malaysia; Peninsula – F/T only)

Course description

The objective of this course is to provide an opportunity for students who hold an Australian three-year bachelor degree or an equivalent qualification to satisfy the entry requirements of a higher degree by research. The structure of the program varies depending upon the specialisation. For example, the economics specialisation comprises eight coursework units (48 points) whereas the marketing and management programs comprise four coursework units (24 points) and a research project (24 points).

Course structure

Programs are available in the following areas:

Accounting

Students must have their enrolment approved by the head, or nominee of the Department of Accounting and Finance.

(a) Semester 1: Completion of two compulsory units and two elective units (24 points):

plus any two of the following units:

  • AFX4040 Issues in accounting information systems
  • AFX4050 Issues in auditing and assurance
  • AFX4070 Issues in financial accounting
  • AFX4090 Issues in management accounting

or any one of the above four units and any one of the following three units:

(b) Semester 2: Completion of research dissertation and one elective unit (24 points):

  • AFX4018 Research dissertation (18 points)
  • any honours unit offered by the Faculty of Business and Economics subject to the approval of the head, or nominee of the Department of Accounting and Finance.

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.

Finance

Students must have their enrolment approved by the head, or nominee of the Department of Accounting and Finance.

(a) Semester 1: Completion of two compulsory units and two elective units (24 points):

plus two of the following units:

(b) Semester 2: Completion of research dissertation and one elective unit (24 points):

  • AFX4018 Research dissertation (18 points)
  • any honours unit offered by the Faculty of Business and Economics subject to the approval of the head, or nominee of the Department of Accounting and Finance.

Finance and econometrics

Students must have their enrolment approved by the heads, or nominees of the departments of Econometrics and Business Statistics, and Accounting and Finance.

(a) Semester 1: Completion of two AFX units (12 points) and two ETC units (12 points) from the following:

(b) Semester 2: Completion of research project, one compulsory unit and one elective unit (24 points):

  • AFX4012 Research project (12 points)
  • ETX4460 Financial econometrics 2
  • plus any honours unit offered by the Department of Accounting and Finance subject to the approval of the head, or nominee of the Department of Accounting and Finance.

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.

Upon successful completion of the program a student who achieves an average of least 70 per cent may apply for admission to the Master of Philosophy.

Contact details

Course manager

Professor Amrik Sohal, Associate Dean (Research Development)

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