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About the course
The Master of Economics at Melbourne Business School provides advanced study in economics and econometrics, focused on understanding market mechanisms and evaluating policy and business decisions. It develops critical thinking across microeconomics, macroeconomics and econometrics, with strong engagement with contemporary research literature. The program is suited to students aiming to work as professional economists in public or private sector roles and can also provide preparation for PhD study.
What you might learn
Students build advanced analytical and quantitative capability to interpret economic data and research, and to apply economic theory to real-world policy and organisational problems. The course aims to develop expertise in evaluating the effects of cultural and environmental factors on economic policy and business decisions. Graduates are prepared to critically assess research and contribute to economics and econometrics knowledge through rigorous, evidence-based reasoning.
Career outcome
Graduates can pursue careers as economists and analysts in government departments, central banks, policy agencies and international organisations. The program also supports roles in consulting, finance, and private-sector strategy and market analysis where econometric and policy evaluation skills are valued. It provides a strong foundation for research-focused pathways, including progression to PhD study.
Entry requirements
IELTS 6.5: with no band less than 6.0. Designed for students with prior training in economics or a similar discipline with a strong analytical/mathematical component.
Living Costs in Melbourne**
Restaurant (Meal, Inexpensive Restaurant) A$ 15 - 20 |
Rent per Month (1 bedroom in City Centre) A$ 1,583 - 2,094 |
Rent per Month (1 bedroom Outside of Centre) A$ 1,207 - 1,596 |
Transportation (Daily) A$ 7 - 9 |
Utilities per Month (Electricity, Mobile & Internet) A$ 240 - 318 |
Average Salary***
