Can I study this degree if I'm working full-time? Is there any recognition of prior learning? And what's the difference between the Master of Economics and the Master of Economic Analysis? Read on to find out about your postgraduate Economics study options.
Short answer: Yes, but it depends on how much economics you studied.
If you’ve completed a Bachelor of Economics (or equivalent) or an Economics major in another bachelor's degree, you may be eligible for a reduced volume of learning (RVL).
If you receive RVL, the course requirements may be reduced by up to 24 credit points (generally representing the foundation units), which equates to one full-time semester of study. This means you may be able to complete the degree in 1.5 years (full time), rather than the usual two.
Short answer: Yes, it certainly helps, but if you’re a bit rusty, we offer appropriate support.
Mathematics is an essential tool in the study of economics. If you’re new to economics, we’ll assume that you’re proficient in algebraic manipulation and graphical representation of data but will teach you the other concepts and techniques you need to know. Some prior knowledge of calculus will be a distinct advantage.
Short answer: Yes.
Most of our units of study (subjects) are scheduled in the evenings, from 6 to 9 pm. We also occasionally offer units on an intensive basis: 2-3 days per week (sometimes weekends) over several weeks.
These options give you the flexibility to plan your degree around your work/life commitments.
The regular study load for a part-time student is two units per semester.
Short answer: No problem – we offer flexible entry and exit options.
If you prefer to ‘dip your toe in the water’ before committing to the master’s, you can start with the one-semester (full-time) Graduate Certificate in Economics and upgrade later to the master’s if you have the time and interest.
Similarly, if you initially enrol in the master’s, but life gets in the way and you’re unable to complete the course, you may be able to exit early with the Graduate Certificate in Economics or Graduate Diploma in Economics.
Short answer: The MEc is designed for recent graduates as well as professionals seeking career progression or a career change. It accommodates those with or without prior economics education.
The MEcAnalysis is designed for recent graduates and professionals who already have a strong background in economics and quantitative methods, offering advanced training and a pathway to higher degree by research (e.g., PhD) study.
The Master of Economics will equip you with the critical-thinking, data-analysis, and problem-solving skills required for a rewarding career in a diverse range of roles in the public and private sectors.
The Master of Economic Analysis is a more technically-focused qualification for those seeking employment as a professional economist or wishing to undertake a PhD in economics.
Alongside advanced-level core and elective studies in economic theory and applications, students undertake a substantial independent research project under the supervision of an academic staff member.
Short answer: Lots. One of the big advantages of being a Master of Economics graduate is the ability to work across both the private and public sectors.
You'll gain the skills to develop economic and social policy, to work in business, banking, financial markets, and consulting.
Many of our graduates hold positions in international, federal and state policy departments, global financial institutions, non-government organisations and intergovernmental agencies such as the Organisation for Economic Co-operation and Development (OECD).
