Master of Economics

The University of Melbourne

The Master of Economics is a two year program in advanced studies in economics and econometrics. It provides training in critically reading the literature and experience in undertaking independent research. The program is ideal for those who wish to acquire the skills needed to practice as a professional economist in the public or private sectors. The program also provides a foundation to undertake further study at the Ph.D. level. Graduates of the Master of Economics will have detailed knowledge of the most recent research in the disciplines of economics and econometrics and will have developed the skills needed to make their own contributions to that research.

Course Fee:

Australian: $69,930
International: $90,266

Entry Requirements:

An undergraduate or postgraduate degree with a strong analytical or mathematical component and with a weighted average mark of at least 75%; results of the Graduate Record Examination (GRE) (unless exempt); personal statement.


The Master of Economics consists of four core economics subjects, two quantitative subjects, eight elective subjects and the (double subject) Economics Research Report.

Subjects you can Study:

Economics; Econometrics

Study Pathways:

Applicants with an honours degree in economics with a weighted average mark of at least 75%, or a relevant postgraduate degree with a weighted average mark of at least 75% who have completed subjects which satisfy the prerequisites for both the core and quantitative second year subjects in the Master of Economics may be awarded up to 100 points of credit into the Master of Economics. Students enrolled in the Master of Economics who are either unable, or who choose not to continue with their studies, may be eligible to exit with a Graduate Diploma in Economics. Students must have successfully completed the eight subjects which comprise Year 1 of the Master of Economics to be awarded the Graduate Diploma in Economics.

Further information:

GRE exemptions apply if students have completed their entire undergraduate degree in Australia or New Zealand, or if they fit into the 'humanitarian aid case' category.

Who for:

Students with prior training in economics wishing to acquire advanced skills to practice as professional economists in the public or private sectors

Accepts International Students:


Provider CRICOS: 00116K

Related Careers:

Campus ATAR/OP Mid Year Intake Study Mode Duration
Parkville No info No Part time 4 years
Parkville No info No Full time 2 years

Why study with us

At the University of Melbourne, your success begins from the day you set foot on campus. 

The unique and proven Melbourne Model, Australia’s most progressive curriculum, allows you the flexibility to uncover and explore your passions, assisting you to achieve greatness, no matter what you decide to do – during your studies and for your career. From solving real-world problems to forming powerful relationships as you go, your success is already in the making.

At Melbourne, you’ll be exposed to different ideas, approaches and ways of thinking that will help you adapt and change successfully – something that’s crucial in a world where careers, jobs and employer demands are shifting as fast as you can read this.

The Melbourne Model offers pathways into law, engineering, medicine, architecture, teaching and more. Combining undergraduate and graduate study gives you a higher qualification than a double degree. In fact, 97 per cent of Melbourne undergraduates and 98 per cent of postgraduates are employed three to five years after graduating (QS Graduate Employability Rankings 2018).

Facilities and Services

Ideally located in the heart of Melbourne, the University of Melbourne is an integral part of the city’s history and culture and boasts the world-class facilities, student accommodation and collaborative learning precincts only a premium, inner-city university can offer. The support Melbourne offers students – from housing advice, career and employability information, study assistance, disability and counselling – is one reason why Melbourne students are more likely to complete their degree than those at any other Australian university (Tertiary Education Quality and Standards Agency Report 2017).

With our communities of interest – including places of worship, the student union Queer Space, and Murrup Barak for Indigenous students – everyone feels welcome.

Admission and Selection

The University of Melbourne’s Study website is a ready resource for everything you need to know about studying at Australia’s leading university. From eligibility requirements for domestic and international students and submitting an application through VTAC to applying for special entry schemes and scholarships, you’re set up for success from the get-go.

Study options

At Melbourne you’ll start with one of our undergraduate degrees. Whether it’s one of the Melbourne Model degrees in arts, biomedicine, commerce, design, music or science – or a specialist degree co-designed with industry such as agriculture, fine arts or oral health – you’ll progress through your studies while building networks, knowledge and shared experiences that will set you on the path to success. 

You can then choose to join the workforce or specialise at graduate level. And, in the meantime, study at partner institutions across the world.

Now, with a whole raft of new Graduate Degree Packages and scholarships on offer, your options and pathways are deeper and broader, and your success more assured than ever.


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