Master of Business Economics

NOTE: This course has had one or more changes made to it since publication on 1 October 2014. For details of changes, please consult the Handbook change registerHandbook change register (http://www.monash.edu.au/pubs/2015handbooks/2015-change-register.html).

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.

These course outcomes are aligned with the Australian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate AttributesAustralian Qualifications Framework level 9, the Bologna Cycle 2 and Monash Graduate Attributes (http://www.monash.edu.au/pubs/handbooks/alignmentofoutcomes.html).

Upon successful completion of this course it is expected that graduates will:

1. be critical and creative scholars who:
• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively
2. be responsible and effective global citizens who:
• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values
3. 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
4. have advanced knowledge to master's level in economics for business.

Students may be eligible for credit to a maximum of 50 per cent of the course requirements for previous graduate level studies. Credits or exemptions up to a maximum of 24 credit points may be granted for bachelor degree level qualifications in economics and a further 24 credit points may be granted for honours degree level qualification in economics.

48 credit points

The course has three main components:

• four foundation units
• seven compulsory units
• five elective units.

Students complete one of the following structures as determined by any credit granted for prior studies. Students who have completed an:

• undergraduate degree with a major in economics must complete 72 points from sections (b.) and (c.)
• undergraduate degree without a major in economics must complete 96 points from all sections below
• honours degree with a major in economics must complete 54 points comprising section (b.) and 12 points from (c.)
• honours degree not in a relevant discipline must complete 78 points comprising units from (a.), (b.) and 12 points from (c.).

Students must complete:

(a.) four compulsory foundation units (24 points):

• ECF5921 Introduction to international economics
• ECF5923 Macroeconomics and monetary policy
• ECF5927 Managerial economics
• one quantitative unit recommended/approved by the course director

(b) seven compulsory units (42 points):

• ECF5010 Research issues paper
• ECF5040 Industry economics
• ECF5200 Game theory and business strategy
• ECF5300 Special research topics in applied economics
• ECF5410 Applied microeconomics
• ECF5421 Applied macroeconomics
• one quantitative unit approved by the course coordinator

(c.) 30 points of electives subject to the following conditions - a maximum of 24 points may be selected from:

• other departments of the Faculty of Business and Economics
• other faculties.

Graduate-level units and electives can be identified using the browse units toolbrowse units tool (http://www.monash.edu.au/pubs/handbooks/units/search) and index of units offered by the facultyoffered by the faculty (http://www.monash.edu.au/pubs/handbooks/units/index-byfaculty-bus.html) in the current edition of the Handbook. The level of the unit is indicated by the first number in the unit code; postgraduate units are those that commence with the number 5. Students must be able to meet any unit prerequisites.

Recommended elective units

• ECC5470 Competition, regulation and policy
• ECC5475 Financial economics
• ECC5479 Project evaluation
• ECC5484 Industrial organisation

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:

• 1679 Graduate Certificate in Business after successful completion of 24 points of study
• 3848 Graduate Diploma in Business after successful completion of 48 points of study