Master of Economics

This course provides an opportunity for students to develop and strengthen their skills in the discipline of economics by drawing upon the latest research in the field. The course addresses the growing need for professional economists in both the private and public section by equipping students with in-depth knowledge in economics and the experience of undertaking independent research. The course can provide an effective articulation path into research doctoral (PhD) studies.

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://monash.edu/pubs/handbooks/alignmentofoutcomes.html).

The Master of Economics offers a fully accredited course designed to produce graduates who 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 to provide discipline-based solutions required for analysing and assessing the economic impact of policies and regulations on private and government enterprise
4. have advanced knowledge to master's level in economics with the ability for strategic business decision making in a wide range of industries, domestic and internationally.

The course has two main components:

• ten compulsory units
• four electives.

First year

Students must complete:

(a.) four compulsory units:

• ECC4650 Microeconomics
• ECC4660 Macroeconomics
• ECC4860 Research paper (12 points)
• one econometrics unit recommended or approved by the course coordinator

(b.) three elective units from the following list:

• ECC4670 Development economics
• ECC4690 International trade policy
• ECC4700 Competition, regulation and policy
• ECC4710 Post-Keynesian economics
• ECC4720 Law and economics
• ECC4750 Financial economics
• ECC4790 Project evaluation
• ECC4810 Public economics
• ECC4830 Welfare economics
• ECC4840 Economics of industry, institution and organisation
• ECC4870 Health economics
• ECC4990 Economic evaluation of health services
• ETC4430 Quantitative economic policy

Second year

Students must complete:

(c.) five compulsory units:

• ECC5650 Microeconomic theory
• ECC5660 Macroeconomic theory
• ECC5850 Mathematical economic theory
• ECC5861 Economics research paper (12 points)
• one econometrics unit recommended or approved by the course coordinator.

(d.) two elective units from the following list:

• ECC5810 Public economics
• ECC5840 Information, incentives and games
• any fourth year unit offered by the Department of Economics not previously completed

These units 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 departmentoffered by the department (http://www.monash.edu.au/pubs/handbooks/units/index-byou-department-of-economics.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 at the specified level are those that commence with the number 4 or 5. Students must be able to meet any unit prerequisites.