Economics - B6030
Master's degree
Few areas of business are quite as vital to the everyday functioning of society as economics. It’s a truly global discipline that impacts international financial markets, government policy, trade relationships and more.
With emerging technologies, new global challenges and progressive approaches to economic policy all influencing the discipline, the need for analytical and innovative thinkers is as important as ever.
The Master of Economics is your opportunity to build on the economic skills you’ve already been developing in your career and study – so you can continue to shape an impactful career with global potential.
MAKE YOUR NEXT MOVE
Throughout the two-year program, you’ll develop a more advanced understanding of economics and how it applies to government and business decision-making. The course covers everything from economic development, economic policy and competition policy – through to project evaluation, pricing and risk and regulation. You’ll cover the rise of new technologies and emerging markets – and the impacts of global events on economic growth and trade.
EXPAND YOUR EXPERTISE
You’ll have the chance to fine-tune your expertise in areas of commerce that are essential for the corporate sector and government careers, such as development economics or policy economics. Or you can choose to study units that align to more specific career goals. Either way, you’ll be blending the latest economic theory with practical tools and independent research.
By the time you complete the Master of Economics, you’ll have a sharper, more specialised knowledge of some of the most essential aspects of contemporary business. And you’ll have given your career a critical edge as well.
Ready to evolve your economic expertise and make a bigger impact?
At a glance
Course Details
Location |
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|---|---|
Duration |
1, 1.5 or 2 years full-time depending on prior qualifications. |
Start date |
First semester (February) and Second semester (July) |
Qualification |
Master of Economics |
Entry Requirements
You need to satisfy the following entrance requirements to be considered for entry to this course.
Minimum Entry Requirements (International students)
Qualifications
Entry level 1: 96 points to complete Duration: 2 years full-time, 4 years part time | An Australian bachelor degree (or equivalent), with at least a high credit (65%) average or an equivalent GPA. |
Entry level 2: 72 points to complete Duration: 1.5 years full-time, 3 years part time | An Australian bachelor degree (or equivalent) with at least a high credit (65%) average or equivalent Grade Point Average (GPA) in a business area that includes an intermediate microeconomics unit, an intermediate macroeconomics unit, an econometrics unit, and a mathematics unit. OR An Australian bachelor degree (or equivalent) with at least a high credit (65%) average or equivalent Grade Point Average (GPA) and an Australian graduate certificate in a business area that includes an intermediate microeconomics unit, an intermediate macroeconomics unit, an econometrics unit, and a mathematics unit. |
Entry level 3: 48 points to complete Duration: 1 year full-time, 2 years part time | An Australian bachelor degree (or equivalent) with at least a high credit (65%) average or equivalent Grade Point Average (GPA) in a business area that includes an intermediate microeconomics unit, an intermediate macroeconomics unit, an econometrics unit, and a mathematics unit and an honours degree . OR An Australian bachelor degree (or equivalent) with at least a high credit (65%) average or equivalent Grade Point Average (GPA) in a business area that includes an intermediate microeconomics unit, an intermediate macroeconomics unit, an econometrics unit, and a mathematics unit and two years relevant professional experience.* |
*Applicants applying on the basis of work experience are required to provide a detailed curriculum vitae, outlining their employment history and professional experience.
English entry requirements
Level A
| IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0 | or | Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50 | or | TOEFL iBT: 0 - 120 scale: 1 - 6 scale: | or |
Courses that require English Level A only: Other approved English tests (minimum entry scores apply) Courses with English Level B, C, D, E and F: Other approved English tests (higher entry scores apply than specified) |
University entrance requirements
Minimum entrance requirements for admission to Monash University Australia.
The course structure and progression map can be viewed in the Handbook.
Making the application
Future students
Current Monash students
You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.
Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer.
Self assess for credit eligibility
Check for study credit using the "Credit search" link on the Credit for prior study page.
Fees
Fees are subject to change annually.
International fee
Fees are per 48 credit points which represents a standard full-time course load for a year. The fees for 2026 are:
A$59,900
Scholarships
We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.
Other costs and fees
For information on other study costs and fees, see other study costs.
Enrolment Obligations
International students enrolling in a CRICOS-registered course can study no more than one third (33%) of their course by distance and/or online learning. Students must enrol in at least one unit that is not by distance and/or online in each compulsory study period unless the student is completing the last unit of their course. See standard 8.19 and 8.20 of National Code of Practice for Providers of Education and Training to Overseas Students 2018.
CRICOS code: 108688K
International course guides
If you are an international student and wish to find out more about our courses, entry requirements, studying at Monash and more, please download our international course guides below.
International Study Grants
