Studying a Master of Economics

Answers to all your frequently asked questions
Can I study if I'm working full time? How about 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.

Can I get credit if I studied Economics as an undergraduate?

Short answer: Yes, but it depends on what you studied.

If you’ve completed a Bachelor of Economics or an Economics major, you may be eligible for a reduced volume of learning (RVL).

Depending on your qualification, your study load may be reduced by up to 24 credit points (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, rather than the usual two.

Find out about reduced volume of learning

Can I study if I work full time?

Short answer: Yes.

Most of our units (subjects) are scheduled in the evenings, from 6pm to 9pm. We also occasionally offer units on an intensive basis: 2-3 days per week over three weeks.

These options give you the flexibility to plan your degree around your work/life commitments.

Some students start with the Graduate Certificate in Economics and upgrade to the Master’s program later.

In addition to the Master of Economic Analysis, we offer the shorter Graduate Diploma in Economic Analysis and Graduate Certificate in Economic Analysis.

What’s the difference between the Master of Economics (MEc) and the Master of Economic Analysis (MEcAnalysis)?

Short answer: The MEc is designed for recent graduates as well as professionals seeking career progression or a career change; it prepares you for a broad career based in economics and finance.

The MEcAnalysis is designed for students who already have a strong background in economics and/or mathematics, offering advanced training and a pathway to higher degree by research study.

The Master of Economics is built on economics and data analysis coursework, encouraging you to apply your training in practical ways to address major challenges in business and policy.

A preferred professional qualification for many employers, the MEc is the benchmark for postgraduate economics training in Australia.

The Master of Economic Analysis is a more technically-focused qualification for those wishing to undertake a PhD in economics or work in specialist economist roles.

The degree is built around an advanced core of economic theory and econometrics, and is focused on the skills required to be a professional economist or economic analyst in the public and private sectors.

What sort of roles will I be qualified for after graduation?

Short answer: Lots. One of the big advantages of being a Master of Economics grad 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, nongovernment organisations and intergovernmental agencies such as the Organisation for Economic Co-operation and Development (OECD).

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