Course overview

Description

This course is designed for people who plan a career as economic researchers and decision makers in the public service and private sector. Students need to take up core units offering practical skills such as programming, data interpretation, and communicating economic information. The course then introduces fundamental principles of economics, research methods and evaluation techniques in economics and application of economic analysis methods to inform policy. Students must take all core units and then choose at least one field of specialisation among multiple cognate streams of specialisation offered such as economic research by dissertation, and coursework streams on advanced topics in economics, applied economics, financial economics, and health economics. Students will also be offered the option of undertaking an experiential learning unit on work integrated practical learning or service learning experience.

Course title
Master of Economics (coursework or coursework and dissertation)
Award abbreviation
MEc
Course code
42670
Course type
Master's degree by coursework or by coursework and dissertation
Status
Current / 2023
Administered by
UWA Business School
CRICOS code
003091A

Course details

Intake periods
Beginning of year and mid-year
Attendance type
Full- or part-time (Student visa holders should read Education Services for Overseas Students Act 2000 for more information.)
Articulation
The Master of Economics has the following exit award: 42330 Graduate Diploma in Economics (48 points) (48 points)
Credit points required
96
A standard full-time load is 24 points per semester.
Standard course duration
1.5 years full-time (or equivalent part-time) comprising 72 points of taught units and 24 points of admission credit, as recognised and granted by the School
Maximum course duration
2 years full-time (or equivalent part-time) comprising up to 96 points of taught study (see Rule 5 for further information)
Time limit
5 years
Delivery mode
Internal
Locations offered
UWA (Perth)
Domestic fee type
Postgraduate fee-paying/FEE-HELP
Available to international students
Yes. For information on international student fees see 'Student Procedures: Fees'. (Enquiries: https://www.uwa.edu.au/askuwa)
Course Coordinator(s)
Dr Tushar Bharati
Fees
Visit the fees calculator.

Prospective students should see the Future Students website for details on admission requirements, intake periods, fees, availability to international students, careers information etc.

No study plans found for this course. See study plans for more information.

Specialisations

SP-ECOAD Advanced Economics
SP-ECOAP Applied Economics
SP-ECOFE Financial Economics
SP-ECOHE Health Economics
SP-ECORD Research Dissertation

Course structure

Key to availability of units:
S1
Semester 1
S2
Semester 2
N/A
not available in 2023 – may be available in 2024 or 2025
NS
non-standard teaching period

All units have a value of six points unless otherwise stated.

For those students taking the course without admission credit (non cognate) take conversion units to the value of (24 points) and 72 points from one of the following.

Students in the course by coursework only take the following:

All units in Group A and 6 points from Group B (24 points)
All units from one specialisation Groups C, E - H (24 points)
All units from an additional specialisation or options Groups C, E - H (24 points)

Students in the course by coursework and dissertation take the following:

All units in Group A and 6 points from Group B (24 points)
All units in Group C (24 points)
All units in Group D (24 points)

Students who have not completed the relevant conversion units or equivalent, as advised by the School, must complete relevant conversion units up to the value of 24 points from this group, as advised by the School(s):

Note: Students without a major or degree in Economics must take these four units.

AvailabilityUnit codeUnitnameUnit requirementsContact hours
S1ECON5514Economic Research and Evaluation Methods
Incompatibility
ECON2271 Introductory Econometrics
seminars: 3 hours per week
S1ECON5516The Economics of Public PolicyNoneseminars: 3 hours per week
S2ECON5540Economic Analysis and Policy
Prerequisites
ECON5516 The Economics of Public Policy
lectures/seminars/workshops: up to 3 hours per week
S2, S1ECON5541Economics for Business: Applications and Policy
Incompatibility
ECON5503 Economic Management and Strategy.
ECON1000 ECON1101 or equivalent.
lectures/seminars/workshops: up to 3 hours per week

Take all units (18 points):

Group A
AvailabilityUnit codeUnitnameUnit requirementsContact hours
S1, S2BUSN5003Data Storytelling
Prerequisites
Enrolment in
42630 Master of Business Analytics
or 41690 Master of Marketing
or 62530 Master of Data Science
or 42270 Graduate Certificate in Business Analytics
Up to three hours per week.
S1, S2BUSN5101Programming for Business
Prerequisites
Enrolment in
42270 Graduate Certificate in Business Analytics (ID 1458)
or Course Enrolment 42630 Master of Business Analytics (ID 1478)
or 41670 Master of Business Information and Logistics Management (ID 43)
Incompatibility
CITS1401 Computational Thinking with Python or equivalent.
Standard Semester: lectures/tutorials/seminars/workshops: up to 3 hours per week
S2ECON5521Economic Policy and CommunicationNoneseminars: 3 hours per week

Take unit(s) to the value of 6 points:

Group B
AvailabilityUnit codeUnitnameUnit requirementsContact hours
N/APARL5599WA Parliamentary Research Program
Prerequisites
Enrolment in
and completion of at least 48 points in the any one of the following courses: Master of Urban and Regional Planning.
Environmental Science.
Public Policy
or Faculty Approval.
Acceptance is also subject to Faculty placement and prior approval of availability in student study plans for this unit
Incompatibility
PARL3399 WA Parliamentary Research Program
150 hours of study
NS, S1, S2SVLG5001McCusker Centre for Citizenship Internship
Prerequisites
For Juris Doctor students: LAWS4101 Foundations of Law and Lawyering, LAWS4102 Criminal Law, LAWS4103 Contract, LAWS4104 Property, LAWS4106 Torts, LAWS4109 Legal Theory and Ethics.
for other students, none.
Permission/approval is required to enrol.
Incompatibility
for Juris Doctor students: LAWS5174 Legal Internship
Internship experience: approximately 100 hours; McCusker Centre attendance: approximately 8 hours
NS, S1, S2WILG5001Professional Development Practicum A
Prerequisites
Completion of 24 points of post graduate units and approval from the unit coordinator.
150 hours for pre-placement, placement and post-placement activities

Advanced Economics specialisation

Note: Students specialising in Advanced Economics and students specialising in Research Dissertation must take all 4 units from this group.

Take all units (24 points):

Group C
AvailabilityUnit codeUnitnameUnit requirementsContact hours
S1ECON4402Microeconomic Theory
Prerequisites
Enrolment in BH002 Bachelor of Commerce (Honours)
or BH013 Bachelor of Economics (Honours)
or 42620 Master of Economics
or 42670 Master of Economics
or CM002 Bachelor of Economics and Master of Economics
Enrolment in
BH005 Bachelor of Philosophy (Honours)
and Successful completion of
144 credit points
lectures/tutorials/seminars/workshops: up to 3 hours per week
S1ECON4413Applied Advanced Econometrics
Prerequisites
Enrolment in BP013 Bachelor of Economics
or BH002 Bachelor of Commerce (Honours)
or 42670 Master of Economics
or CM002 Bachelor of Economics and Master of Economics
or
Enrolment in
BH005 Bachelor of Philosophy (Honours)
and Successful completion of
144 credit points
lectures/tutorials/seminars/workshops: up to 3 hours per week
S2ECON4418Macroeconomic Theory
Prerequisites
Enrolment in BP013 Bachelor of Economics
or BH002 Bachelor of Commerce (Honours)
or 42670 Master of Economics
or CM002 Bachelor of Economics and Master of Economics
or
Enrolment in
BH005 Bachelor of Philosophy (Honours)
and Successful completion of
144 credit points
lectures/tutorials/seminars/workshops: up to 3 hours per week
S1ECON4503Advanced Economic Analysis
Prerequisites
Enrolment in BP013 Bachelor of Economics
or BH002 Bachelor of Commerce (Honours)
or 42670 Master of Economics
or CM002 Bachelor of Economics and Master of Economics
or
Enrolment in
BH005 Bachelor of Philosophy (Honours)
and Successful completion of
144 credit points
workshops: 3 hours per week on a face-to-face basis. Note: Workshops will not be recorded and attendance is strongly recommended.

Applied Economics specialisation

Take unit(s) to the value of 24 points:

Note: Students specialising in Applied Economics must take 4 units to the value of 24 credit points from this group.

Group E
AvailabilityUnit codeUnitnameUnit requirementsContact hours
S2ECON4408Advanced Development Economics
Prerequisites
Enrolment in BP013 Bachelor of Economics
or BH002 Bachelor of Commerce (Honours)
or CM002 Bachelor of Economics and Master of Economics
or 42670 Master of Economics
or
Enrolment in
BH005 Bachelor of Philosophy (Honours)
and Successful completion of
144 credit points
lectures/tutorials/seminars/workshops: up to 3 hours per week
S1ECON4410Environmental and Resource Economics
Prerequisites
Enrolment in
HON-ECONS Economics
or HON-NRMGT Natural Resource Management
or HON-ECNPF Professional Economics
or 61550 Master of Professional Engineering
or 42330 Graduate Diploma in Economics
or 42620 Master of Economics
or 42580 Master of Public Policy
or 72530 Master of Environmental Science
or 62550 Master of Professional Engineering
or 73530 Master of Agricultural Economics
or 62540 Master of Ocean Leadership
lectures: 2 hours; tutorials: 1 hour; labs: 1 hour (4 hours/week for 12 weeks)
S2ECON5511Climate, Energy and Water Economics
Prerequisites
Enrolment in
HON-ENVSC Environmental Science
or HON-NRMGT Natural Resource Management
or 72530 Master of Environmental Science
or 73530 Master of Agricultural Economics
or 73540 Master of Petroleum Geoscience
or 62540 Master of Ocean Leadership
and Successful completion of
one Unit(s) ECON1120 Environmental Economics 1
or Unit(s) ECON1101 Microeconomics: Prices and Markets
or Unit(s) ECON1102 Macroeconomics: Money and Finance
or Unit(s) ECON2224 Environmental Economics 2
lectures/tutorials: 3 hours per week for 10 weeks
S2ECON5519Public Economics
Prerequisites
Enrolment in BH013 Bachelor of Economics (Honours)
or CM002 Bachelor of Economics and Master of Economics
or BH002 Bachelor of Commerce (Honours)
or 42620 Master of Economics
or 42670 Master of Economics
or
Enrolment in
BH005 Bachelor of Philosophy (Honours)
and Successful completion of
144 Points
lectures/tutorials/seminars/workshops: up to 3 hours per week
S1ECON5520Text-to-Data Applications and Novel Data Sources
Prerequisites
Enrolment in
42630 Master of Business Analytics
or 42620 Master of Economics
or 42670 Master of Economics
or CM002 Bachelor of Economics and Master of Economics
seminars: 3 hours per week for 12 weeks

Financial Economics specialisation

Take unit(s) to the value of 24 points:

Note: Students specialising in Financial Economics must take 4 units to the value of 24 credit points from this group.

Group F
AvailabilityUnit codeUnitnameUnit requirementsContact hours
S1, S2ECON5506The Economics of Financial Markets
Prerequisites
Enrolment in 41680 Master of Commerce
or 42620 Master of Economics
or 42670 Master of Economics
or
ECON5541 Economics for Business: Applications and Policy
or ECON5516 The Economics of Public Policy
or
FINA5533 Finance Essentials
and FINA5632 Investments
lectures/seminars/workshops: up to 3 hours per week
N/AECON5517Public Finance
Prerequisites
Enrolment in
the Master of Economics
or the Master of Public Policy
seminars: 3 hours per week
S1, S2FINA5521Quantitative Methods in Finance
Prerequisites
FINA5533 Finance Essentials (or equivalent)
and FINA5632 Investments
lectures/seminars/workshops: up to 3 hours per week
S1, S2FINA5533Finance Essentials
Incompatibility
FINA5432 Introduction to Finance
AND FINA5635 Corporate Finance
lectures: 3 hours per week (maximum students per class: 45)
S1, S2FINA5632Investments
Prerequisites
ACCT5432 Introductory Financial Accounting or equivalent Graduate Certificate in Finance students: none
Co-requisites
FINA5533 Finance Essentials (or equivalent)
lectures/seminars/workshops: up to 3 hours per week

Health Economics specialisation

Take all units (18 points):

Group G
AvailabilityUnit codeUnitnameUnit requirementsContact hours
N/AECON5518Economics of Global Health and Policy
Prerequisites
Enrolment in
CM002 Bachelor of Economics and Master of Economics
or 42580 Master of Public Policy
or 42620 Master of Economics
or 42670 Master of Economics
or 41680 Master of Commerce
or 42230 Graduate Certificate in Economics
seminars: 3 hours per week
S2ECON5570Health Analytics
Prerequisites
Enrolment in
CM002 Bachelor of Economics and Master of Economics
or 42620 Master of Economics
or 42670 Master of Economics
or 42630 Master of Business Analytics
or 42580 Master of Public Policy
seminars: up to 3 hours per week for 12 weeks
S2PUBH5752Health Systems and EconomicsNonelectures/tutorials: 3 hours per week

Take unit(s) to the value of 6 points:

Note: Students specialising in Health Economics must take all 3 units from group G and any 1 unit from group H.

Group H
AvailabilityUnit codeUnitnameUnit requirementsContact hours
S1PUBH5749Foundations of Public HealthNonelectures/tutorials: 3 hours per week
NSPUBH5801Economic Evaluation of Health Care
Prerequisites
PUBH5752 Health Systems and Economics (ID 3924)
1 week full-time

Research Dissertation specialisation

Take all units (24 points):

Note: Students doing the Research Dissertation specialisation must complete all 4 units in this group D and all 4 units from group C.

Group D
AvailabilityUnit codeUnitnameUnit requirementsContact hours
S1, S2ECON5881Master's Dissertation (Economics) Part 1
Prerequisites
Enrolment in
42620 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course
or 42670 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course
S1, S2ECON5882Master's Dissertation (Economics) Part 2
Prerequisites
Enrolment in
42620 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course
or 42670 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course
Co-requisites
ECON5881 Master's Dissertation (Economics) Part 1
S1, S2ECON5883Master's Dissertation (Economics) Part 3
Prerequisites
Enrolment in
42620 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course.
or Enrolment in
42670 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course.
Co-requisites
ECON5881 Master's Dissertation (Economics) Part 1
S1, S2ECON5884Master's Dissertation (Economics) Part 4
Prerequisites
Enrolment in
42620 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course
or 42670 Master of Economics with a minimum UWA WAM of 75 in first 24 points in the course
Co-requisites
ECON5881 Master's Dissertation (Economics) Part 1

See also the rules for the course and the Student Rules.

Rules

Applicability of the Student Rules, policies and procedures

1.(1) The Student Rules apply to students in this course.

(2) The policy, policy statements and guidance documents and student procedures apply, except as otherwise indicated in the rules for this course.

Academic Conduct Essentials and Communication and Research Skills modules

2.(1) Except as stated in (2), a student who enrols in this course for the first time irrespective of whether they have previously been enrolled in another course of the University, must undertake the Academic Conduct Essentials module (the ACE module) and the Communication and Research Skills module (the CARS module).

(2) A student who has previously achieved a result of Ungraded Pass (UP) for the CARS module is not required to repeat the module.

(3) A student must successfully complete the ACE module within the first teaching period of their enrolment. Failure to complete the module within this timeframe will result in the student's unit results from this teaching period being withheld. These results will continue to be withheld until students avail themselves of a subsequent opportunity to achieve a passing grade in the ACE module. In the event that students complete units in subsequent teaching periods without completing the ACE module, these results will similarly be withheld. Students will not be permitted to submit late review or appeal applications regarding results which have been withheld for this reason and which they were unable to access in the normally permitted review period.

English Language competency requirements

3. To be considered eligible for consideration for admission to this course an applicant must satisfy the University's English language competence requirement as set out in the University Policy on Admission: Coursework.

Admission requirements

4. To be considered for admission to this course an applicant must have—

(a) a Bachelor's degree, or an equivalent qualification, as recognised by UWA;

and

(b) the equivalent of a UWA weighted average mark of at least 65 per cent.

Admission ranking and selection

5. Where relevant, admission will be awarded to the highest ranked applicants or applicants selected based on the relevant requirements.

Articulations and exit awards

6.(1) This course has the following exit award:

  • 42330 Graduate Diploma in Economics (48 points)

(2) A student who withdraws from the Master of Economics course before completing it, but completes units to the value of 48 points towards the Master of Economics, may apply to the School to be awarded the Graduate Diploma in Economics.

Course structure

7.(1) The course consists of units to a total value of 96 points (maximum value) which includes conversion units to a value of 24 points, course core units and specialisation units. The course comprises the following specialisations :

  • SP-ECOAD Advanced Economics
  • SP-ECOAP Applied Economics
  • SP-ECOFE Financial Economics
  • SP-ECOHE Health Economics
  • SP-ECORD Research Dissertation

(2) Units must be selected in accordance with the course structure, as set out in these rules.

(3) Students who have completed the relevant conversion units or equivalent, as advised by the School, are granted credit for conversion units up to a value of 24 points.

Satisfactory progress

8. To make satisfactory progress a student must pass units to a point value greater than half the total value of units in which they remain enrolled after the final date for withdrawal without academic penalty.

9. A student who has not achieved a result of Ungraded Pass (UP) for the Communication and Research Skills module (the CARS module) when their progress status is assessed will not have made satisfactory progress even if they have met the other requirements for satisfactory progress in Rule 8.

Progress status

10.(1) A student who makes satisfactory progress in terms of Rule 8 is assigned the status of 'Good Standing'.

(2) Unless the relevant board determines otherwise because of exceptional circumstances—

(a) a student who does not make satisfactory progress for the first time under Rule 8 is assigned a progress status of 'On Probation';

(b) a student who does not make satisfactory progress for the second time under Rule 8 is assigned a progress status of 'Suspended';

(c) a student who does not make satisfactory progress for the third time under Rule 8 is assigned a progress status of 'Excluded'.

11. A student who does not make satisfactory progress in terms of Rule 9 is assigned the progress status of 'On Probation', unless they have been assigned a progress status of 'Suspended' or 'Excluded' for failure to meet other satisfactory progress requirements in Rule 8.

Award with distinction

12. To be awarded the degree with distinction a student must achieve a course weighted average mark (WAM) of at least 80 per cent which is calculated based on—

(a) all units above Level 3 attempted as part of the course that are awarded a final percentage mark;

(b) all relevant units above Level 3 undertaken in articulating courses of this University that are awarded a final percentage mark;

and

(c) all units above Level 3 completed at this University that are credited to the master's degree course.

Deferrals

13. Applicants awarded admission to the course are entitled to a deferral of up to 12 months, as per the University Policy on: Admissions (Coursework).

Additional rules
Time limit

14.(1) The time limit is five calendar years from the date of first enrolment in the course, not including periods of suspension of candidature.

(2) The time limit for a student who has previously completed the requirements for the Graduate Diploma in Economics, or equivalent as recognised by the University, is five years from the year in which the first unit was credited towards the master's course.

(3) In exceptional circumstances, the University may extend the time limit by one or two semesters.

Eligibility for dissertation specialisation

15.(1) Students wishing to undertake the Master of Economics by coursework and dissertation must achieve a minimum WAM of 75 in their first 24 points of coursework (for students with 24 points of admission credit) or their first 48 points of coursework (for students without admission credit) to proceed with the dissertation component. Students who do not meet this minimum WAM are still eligible for the Master of Economics (coursework).