Economics

Unit outlines will be available through Find a unit outline two weeks before the first day of teaching for 1000-level and 5000-level units, or one week before the first day of teaching for all other units.
 

Unit of study Credit points A: Assumed knowledge P: Prerequisites C: Corequisites N: Prohibition Session

Economics

Master of Economics

Students complete 96 credit points, including:
(a) a minimum of 24 credit points of foundation units of study; and
(b) a minimum of 24 credit points of core units of study; and
(c) a maximum of 42 credit points of elective units of study; and
(i) In addition, with prior written approval from the program director for the Master of Economics programs, it is possible for Masters students to count a maximum of one unit of study offered elsewhere in the University of Sydney.
(d) at least one specialisation:
(i) Economics Specialisation: 12 credit points in compulsory units and at least 6 credit points in elective units
(ii) Econometrics Specialisation: 6 credit points in compulsory units and at least 12 credit points in elective units
(iii) Financial Economics Specialisation: 6 credit points in prerequisite units, 12 credit points in compulsory units and at least 6 credit points in elective units
(e) a minimum of 6 credit points of capstone units of study.

Graduate Diploma in Economics

Students complete 48 credit points, including:
(a) a minimum of 24 credit points of foundation units of study; and
(b) a minimum of 24 credit points of core units of study.

Graduate Certificate in Economics

Students complete 24 credit points, including:
(a) 24 credit points of foundation units of study.

Foundation units of study

ECMT5001
Principles of Econometrics
6      Semester 1
Semester 2
ECON5001
Microeconomic Theory
6    N ECON5040
Intensive February
Semester 1
Semester 2
ECON5002
Macroeconomic Theory
6    N ECON5003
Intensive February
Semester 1
Semester 2
ECON5005
Quantitative Tools for Economics
6      Semester 1
Semester 2

Core units of study

ECMT6002
Econometric Applications
6    P ECMT5001
N ECMT6702
Semester 1
Semester 2
ECON5004
Communication in Economics
6    N BUSS5020
Semester 1
Semester 2
ECON6001
Microeconomics Analysis 1
6    P ECON5001 or ECON5040
N ECON6701
Semester 1
Semester 2
ECON6002
Macroeconomics Analysis 1
6    P ECON5002
N ECON6702
Semester 1
Semester 2

Elective units of study

ECMT6003
Applied Business Forecasting
6    P ECMT6002 or ECMT6702
Semester 2
ECMT6006
Applied Financial Econometrics
6    P ECMT6002 or ECMT6702
Semester 1
ECMT6007
Analysis of Panel Data
6    P ECMT6002 or ECMT6702
Semester 1
ECON5006
Economics of Law and Public Policy
6    P ECON5001 or ECON5040
Semester 1
ECON5007
The Economics of Financial Markets
6    P ECON5001 or ECON5040 or ECON6701
Semester 2
ECON5008
Behavioural Economics
6    P (ECON5001 or ECON5040 or ECON6701) and (ECMT5001 or ECMT6702 or QBUS5001)
Intensive September
ECON5026
Strategic Business Relationships
6    P ECON5001 or ECON5040
Semester 2
ECON6003
Mathematical Methods of Econ Analysis
6    P ECON5001 and ECON5002
N ECON6703
Semester 1
Semester 2
ECON6006
Market Structure and Strategic Behaviour
6    P ECON6001 or ECOF6080 or ECON6701
Semester 1
Semester 2
ECON6008
International Money and Finance
6    P (ECON5001 or ECON5040 or ECON6001 or ECON6701) and (ECON5002 or ECON6002 or ECON6702) and (ECMT5001 or QBUS5001 or QBUS5002 or ECMT6002 or ECMT6702)
Semester 2
ECON6009
Economics of the Labour Market
6    P ECON6001 or ECON6701 or ECON6002 or ECON6702
Semester 1
ECON6010
Public Economics
6    P (ECON6001 or ECON6701) and (ECON6002 or ECON6702)
Semester 2
ECON6016
Trade and Development
6    P ECON5001 or ECON5002 or ECON5040 or ECON6701 or ECON6702
Semester 2
ECON6018
Environmental Economics
6    P ECON5001 or ECON5040 or ECON6701
Semester 1
ECON6021
Financial Economics
6    P (ECON6001 or ECON6701) and (ECON6002 or ECON6702)
Semester 1
ECON6023
International Trade
6    P ECON6001 or ECON6701
Semester 1
ECON6024
Private Equity
6    P ECON5001 or ECON5040 or ECON5002 or ECON6701 or ECON6702
Semester 1
ECON6025
Strategic Decision Making
6    P ECON6001 or ECOF6080 or ECON6701
Semester 2
ECON6029
Health Economics and Policy Evaluation
6    P (ECON5001 or ECON5040 or ECON6701) and (ECMT5001 or ECMT6702 or QBUS5001)
Semester 2
ECON6031
International Finance and Globalisation

This unit of study is not available in 2022

6    P ECON5001 and ECON5002
Intensive April
ECON6034
Global Economic History
6    P ECON5001 and ECON5002
Semester 2
ECON6101
Special Topics in Economics 1
6    P (ECON5001 and ECON5002) or (ECON6701 and ECON6702)

Note: Department permission required for enrolment
Students must seek written permission from the School of Economics Postgraduate Coordinator to enrol in this unit.
Semester 1
Semester 2
ECON6102
Special Topics in Economics 2
6    P (ECON5001 and ECON5002) or (ECON6701 and ECON6702)

Note: Department permission required for enrolment

Semester 1
Semester 2
FINC5001
Foundation in Finance
6      Intensive February
Intensive July
Semester 1
Semester 2
FINC6000
Quantitative Finance and Derivatives

This unit of study is not available in 2022

6    A This unit requires students to have some background in calculus, matrices, statistics and probability.
P FINC5001
N FINC5002


Refer to the unit of study outline https://www.sydney.edu.au/units
Semester 1
FINC6001
Finance: Theory to Applications
6    P FINC5001


Master of Commerce / Master of Commerce (Extension) students must complete this unit before the Capstone subject for this specialisation.
Semester 1
Semester 2
FINC6005
Advanced Asset Pricing
6    P FINC5001 or FINC6000
Semester 1
FINC6009
Portfolio Theory and its Applications

This unit of study is not available in 2022

6    P FINC5001 or FINC6000


Refer to the unit of study outline https://www.sydney.edu.au/units
Semester 2
FINC6010
Derivative Securities
6    P FINC5001
Semester 1
Semester 2
FINC6013
International Business Finance
6    P FINC5001
Semester 1
Semester 2
FINC6014
Fixed Income Securities
6    P FINC5001
Semester 2
FINC6015
Trading in Modern Financial Markets
6    P FINC5001
Semester 2
FINC6017
Mergers and Acquisitions
6    A Calculation of free cash flows, trading multiples, discounted cash flow valuation methodology, valuation sensitivities, regression analysis.
P FINC5001
N ACCT6011
Semester 2
FINC6021
Corporate Valuation
6    P FINC5001
Semester 1
FINC6023
Financial Risk Management
6    P FINC5001
Semester 1
FINC6025
Entrepreneurial Finance
6    P FINC5001
Semester 1
With the prior written approval of the Master of Economics degree director, it is possible for Master of Economics students to count a maximum of one unit of study offered elsewhere by the University of Sydney. Students wishing to do so must consult with the Master of Economics degree director and gain written approval in advance.

Specialisations

Economics specialisation

12 credit points in compulsory units
ECON6001
Microeconomics Analysis 1
6    P ECON5001 or ECON5040
N ECON6701
Semester 1
Semester 2
ECON6002
Macroeconomics Analysis 1
6    P ECON5002
N ECON6702
Semester 1
Semester 2
At least 6 credit points of elective units from the following:
ECON5006
Economics of Law and Public Policy
6    P ECON5001 or ECON5040
Semester 1
ECON5007
The Economics of Financial Markets
6    P ECON5001 or ECON5040 or ECON6701
Semester 2
ECON5008
Behavioural Economics
6    P (ECON5001 or ECON5040 or ECON6701) and (ECMT5001 or ECMT6702 or QBUS5001)
Intensive September
ECON5026
Strategic Business Relationships
6    P ECON5001 or ECON5040
Semester 2
ECON6003
Mathematical Methods of Econ Analysis
6    P ECON5001 and ECON5002
N ECON6703
Semester 1
Semester 2
ECON6006
Market Structure and Strategic Behaviour
6    P ECON6001 or ECOF6080 or ECON6701
Semester 1
Semester 2
ECON6008
International Money and Finance
6    P (ECON5001 or ECON5040 or ECON6001 or ECON6701) and (ECON5002 or ECON6002 or ECON6702) and (ECMT5001 or QBUS5001 or QBUS5002 or ECMT6002 or ECMT6702)
Semester 2
ECON6009
Economics of the Labour Market
6    P ECON6001 or ECON6701 or ECON6002 or ECON6702
Semester 1
ECON6010
Public Economics
6    P (ECON6001 or ECON6701) and (ECON6002 or ECON6702)
Semester 2
ECON6016
Trade and Development
6    P ECON5001 or ECON5002 or ECON5040 or ECON6701 or ECON6702
Semester 2
ECON6018
Environmental Economics
6    P ECON5001 or ECON5040 or ECON6701
Semester 1
ECON6021
Financial Economics
6    P (ECON6001 or ECON6701) and (ECON6002 or ECON6702)
Semester 1
ECON6023
International Trade
6    P ECON6001 or ECON6701
Semester 1
ECON6024
Private Equity
6    P ECON5001 or ECON5040 or ECON5002 or ECON6701 or ECON6702
Semester 1
ECON6025
Strategic Decision Making
6    P ECON6001 or ECOF6080 or ECON6701
Semester 2
ECON6029
Health Economics and Policy Evaluation
6    P (ECON5001 or ECON5040 or ECON6701) and (ECMT5001 or ECMT6702 or QBUS5001)
Semester 2
ECON6031
International Finance and Globalisation

This unit of study is not available in 2022

6    P ECON5001 and ECON5002
Intensive April
ECON6034
Global Economic History
6    P ECON5001 and ECON5002
Semester 2
ECON6101
Special Topics in Economics 1
6    P (ECON5001 and ECON5002) or (ECON6701 and ECON6702)

Note: Department permission required for enrolment
Students must seek written permission from the School of Economics Postgraduate Coordinator to enrol in this unit.
Semester 1
Semester 2
ECON6102
Special Topics in Economics 2
6    P (ECON5001 and ECON5002) or (ECON6701 and ECON6702)

Note: Department permission required for enrolment

Semester 1
Semester 2

Econometrics specialisation

6 credit points in compulsory units
ECMT6002
Econometric Applications
6    P ECMT5001
N ECMT6702
Semester 1
Semester 2
At least 12 credit points of elective units from the following:
ECMT6003
Applied Business Forecasting
6    P ECMT6002 or ECMT6702
Semester 2
ECMT6006
Applied Financial Econometrics
6    P ECMT6002 or ECMT6702
Semester 1
ECMT6007
Analysis of Panel Data
6    P ECMT6002 or ECMT6702
Semester 1

Financial Economics specialisation

6 credit points in prerequisite units
FINC5001
Foundation in Finance
6      Intensive February
Intensive July
Semester 1
Semester 2
12 credit points in compulsory units
ECMT6006
Applied Financial Econometrics
6    P ECMT6002 or ECMT6702
Semester 1
ECON6021
Financial Economics
6    P (ECON6001 or ECON6701) and (ECON6002 or ECON6702)
Semester 1
At least 6 credit points in elective units from the following:
ECON6008
International Money and Finance
6    P (ECON5001 or ECON5040 or ECON6001 or ECON6701) and (ECON5002 or ECON6002 or ECON6702) and (ECMT5001 or QBUS5001 or QBUS5002 or ECMT6002 or ECMT6702)
Semester 2
ECON6024
Private Equity
6    P ECON5001 or ECON5040 or ECON5002 or ECON6701 or ECON6702
Semester 1
ECON6031
International Finance and Globalisation

This unit of study is not available in 2022

6    P ECON5001 and ECON5002
Intensive April
FINC6000
Quantitative Finance and Derivatives

This unit of study is not available in 2022

6    A This unit requires students to have some background in calculus, matrices, statistics and probability.
P FINC5001
N FINC5002


Refer to the unit of study outline https://www.sydney.edu.au/units
Semester 1
FINC6001
Finance: Theory to Applications
6    P FINC5001


Master of Commerce / Master of Commerce (Extension) students must complete this unit before the Capstone subject for this specialisation.
Semester 1
Semester 2
FINC6005
Advanced Asset Pricing
6    P FINC5001 or FINC6000
Semester 1
FINC6009
Portfolio Theory and its Applications

This unit of study is not available in 2022

6    P FINC5001 or FINC6000


Refer to the unit of study outline https://www.sydney.edu.au/units
Semester 2
FINC6010
Derivative Securities
6    P FINC5001
Semester 1
Semester 2
FINC6013
International Business Finance
6    P FINC5001
Semester 1
Semester 2
FINC6014
Fixed Income Securities
6    P FINC5001
Semester 2
FINC6015
Trading in Modern Financial Markets
6    P FINC5001
Semester 2
FINC6017
Mergers and Acquisitions
6    A Calculation of free cash flows, trading multiples, discounted cash flow valuation methodology, valuation sensitivities, regression analysis.
P FINC5001
N ACCT6011
Semester 2
FINC6021
Corporate Valuation
6    P FINC5001
Semester 1
FINC6023
Financial Risk Management
6    P FINC5001
Semester 1
FINC6025
Entrepreneurial Finance
6    P FINC5001
Semester 1

Capstone unit of study

ECON7030
Economics Research Project
6    P 24 credit points from Economics elective units of study
N ECON7010 or ECON7020
Semester 1
Semester 2