Why study Economics at Melbourne Business School?

1. Understand the mechanics of the market: discover the theory, research and principles that drive the markets, and learn to evaluate policy and business decisions.
2. Predict future trends: develop the skills you'll need to grow into a dynamic, future facing career.
3. Learn from leading academics: our renowned academics maintain connections to industry and government.
4. Leading reputation: Melbourne is ranked 23rd globally for Economics and Econometrics (QS World Rankings by subject 2020).
5. Become part of our global network: With over 60,000 business alumni in over 100 countries, you’re ensuring that you join a valuable network of peers from all business disciplines right from day one.

What is it about?

Melbourne Business School's Master of Economics offers advanced studies in economics and econometrics. You will gain the skills necessary to practice as a professional economist in the public or private sectors.

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. Graduates will leave as critical thinkers in microeconomics, macroeconomics and econometrics. They will develop expertise in:

• Fundamental principals influencing markets and managing organisations
• Evaluating the impact of a variety of cultural and environmental factors on economic policy and business decisions
• Interpreting and critically evaluating articles in economics research literature

Who is it for?

The Master of Economics is designed for students with prior training in economics or a similar discipline with a strong analytical/mathematical component, who wish to acquire the advanced skills needed to practice as a professional economist in the public or private sectors. The program is also an appropriate foundation for further PhD study.

Our graduates have gone on to some successful and varied careers. These are just some examples:

Within 1 year of graduating: Economist, Environment Protection Authority Victoria, Australia

Within 2 years of graduating: Analyst, Reserve Bank of Australia

Within 4 years of graduating: Senior Financial Analyst, Thomas Reuters, United Kingdom

Within 7 years of graduating: Senior Lecturer, City University of Macau, Macau

Practical Skills

You will leave the degree with a number of essential skills, including:

• An advanced understanding of the fundamental principles of economics and econometrics
• Develop cognitive, technical and creative skills to generate and evaluate advanced economic research questions
• Critically analyse economic policy or decision making problems and apply relevant models and theories to generate effective solutions;
• Apply analytical skills and techniques to critically assess a range of issues in economics, including: developing relevant research questions; determining the appropriate methodology for addressing the research questions; determining the information and data needed to conduct the research; and determining the feasibility of a research project