Monash University Handbook 2010 Postgraduate - Course

This course is designed to enhance the professional development and skills required for analysing and assessing the economic impact of policies and regulations on private and government enterprise, and to equip students with the ability for strategic business decision-making in a wide range of industries, domestic and internationally.

The Master of Business Economics aims to produce graduates who will:

(a.) be critical and creative scholars who:

• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively

(b.) be responsible and effective global citizens who:

• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values

(c.) have a comprehensive understanding of their discipline and be able to provide discipline based solutions relevant to the business, professional and public policy communities we serve

(d.) have advanced knowledge to Masters level in economics for business.

The course structure has two main components:

• a set of core units in economics:
• six open electives.

Applied stream

(a.) Students must complete six compulsory units (36 points) as follows:

• ECF5010 Applied economics issues research paper
• ECF5200 Game theory and business strategy
• ECF5300 Special research topics in applied economics
• ECX5410 Applied microeconomics
• ECX5420 Applied macroeconomics
• plus one quantitative unit approved by the course coordinator.

(b.) students must complete a further six graduate-level units (36 points) subject to the following conditions:

• a maximum of four electives may be selected from other departments of the Faculty of Business and Economics
• a maximum of four electives may be selected from other faculties

Recommended elective units

• ECF5040 Industry economics
• ECF5050 Economics of innovation and high technology
• ECX5000 Reading unit
• ECX5470 Competition, regulation and policy
• ECX5475 Financial economics
• ECX5479 Project evaluation
• ECX5484 Industrial organisation

Analytical stream

(a.) Students must complete six units (36 points) as follows:

(i.) the following four units:

• ECF5010 Applied economics issues research paper
• ECF5020 Game theory and business strategy
• ECX5465 Microeconomics
• ECX5466 Macroeconomics

(ii.) one unit from the following:

• ECX5000 Reading unit
• ECX5470 Competition, regulation and policy
• ECX5472 Law and economics
• ECX5475 Financial economics
• ECX5479 Project evaluation
• ECX5484 Industrial organisation
• ECX5486 Applied economics research paper (12 points)

(iii.) one quantitative unit approved by the course coordinator

(b.) students must complete a further six graduate-level units (36 points) subject to the following conditions:

• a maximum of four electives may be selected from other departments of the Faculty of Business and Economics
• a maximum of four electives may be selected from other faculties.

Recommended elective units

• ECC5650 Microeconomic theory
• ECC5660 Macroeconomic theory
• ECC5690 Theories in international and development economics
• ECC5730 Applied advanced general equilibrium theory
• ECC5750 Financial economics
• ECC5810 Public economics
• ECC5840 Information, incentives and games

It is recommended that students consult with the course coordinator to ensure their elective units form a coherent study program.

Students wishing to exit the Master of Business Economics early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Postgraduate Diploma in Economics and Commerce after successful completion of 48 points of study from the analytical stream
• Graduate Diploma in Business after successful completion of 48 points of study.

Master of Business Economics