MASTER OF APPLIED AND

Develop your career in economics or econometrics, gain the analytical and technical skills required for the profession, and establish a solid grounding in a key business discipline.

This masters program offers three specialisations: applied In the wake of the COVID-19 pandemic, these skills are becoming econometrics, and econometrics, and more critical in areas related to: , income inequality, economics. You will have an opportunity to develop further expertise food security, crime and violence, sustainability, and education. in the chosen field by building on the knowledge you have already Demand for in these areas is expected to increase in gained in your undergraduate training. the near future. Applied Econometrics You will learn from industry-leading academics in units such as: applied , applied , and industry Your qualification will be a Master of Applied Econometrics economics. Additionally, you will study units in econometrics, data You will learn the latest econometric, statistical and data analytics analytics, and and panel data econometrics. tools, and develop skills to provide data driven solutions to real- This specialisation does not provide a PhD pathway option. world problems in areas such as economics, finance, and risk management. Economics Throughout your coursework, you will study units to build Your qualification will be a quantitative skills in econometrics, data analytics, , The Economics specialisation is designed for students aiming mathematics, risk management, economics, and finance. to participate in design and decision making. You will also work on a research project under the supervision of one You will be able to communicate with across sectors, of our experienced academics. This project will give you experience be aware of current issues in economic policy, and participate in in a cutting-edge applied research areas such as empirical theoretical debates. economics, empirical finance, risk analysis, forecasting, health You will cover the rise of digital technologies, the implications of economics, energy, and climate change. pandemics such as COVID-19, and the rise of emerging markets and Students with these quantitative and research skills are in high- their impact on global and . demand and have found jobs in the banking sector, Treasury, The Economics specialisation offers four streams to choose from. Department of Health and leading organisations such as Deloitte and KPMG. The stream will extend your quantitative skills, understanding of development theory and practices. This course offers a PhD pathway option. PhD students are equipped with advanced knowledge to accelerate their business The Policy Economics stream will allow you to focus your career career or pursue university academic positions. in policy development and evaluation, at both business and government levels. Applied Economics and Econometrics The stream will prepare you to work as a Your qualification will be a Master of Applied Economics and Econometrics business analyst in a global environment. You will learn to address economic policy issues using the latest The General Economics stream will prepare you to work as an economic theory and econometric data analysis techniques. You will or undertake further studies at PhD level. utilise the latest technology and develop research capabilities. This specialisation will prepare you to work as a professional economist or applied econometrician, providing data driven solutions to pressing economic and social problems. COMMENCEMENT PART 1. PART 2. PART 3. GRADUATION ADVANCED MASTERY APPLICATION PREPARATORY KNOWLEDGE STUDIES Choose your specialisation Choose your stream

Development Economics

Policy Economics Master of Economics Economics Business Economics

General Economics

Mathematics Elective unit unit Master of Microeconomics Elective Master of Applied Applied unit Economics unit Applied Economics Economics and and Macroeconomics Econometrics Elective and Econometrics unit unit Econometrics Econometrics Elective unit unit

Master of Applied Applied Econometrics Econometrics

Part A. Part B. Part C. Advanced preparatory Mastery knowledge Application studies (24 credit points) (48 credit points) (24 credit points)

Four units: Applied econometrics specialisation Applied economics and Economics specialisation Choose four elective – Mathematics for business Two units: econometrics specialisation Four streams: units from the Faculty of or Mathematics for – Applied econometrics Five units: – Development economics Business and Economics economics and business – Research project (12 points) – Applied microeconomics – Policy economics or across the University. – Microeconomics or Any five units from these themes: – Applied macroeconomics – Business economics You also have the Econometrics: – Applied economics research – General economics opportunity to enhance your – Macroeconomics and project (12 points) degree with international or – Business forecasting Depending on the chosen – Macroeconometrics – Applied econometrics stream you will complete study experiences through Macroeconomics the QTEM program. – Microeconometrics – Time series and panel one-three compulsory units – Introductory econometrics data econometrics – Financial Econometrics plus a project evaluation unit. QTEM aims to prepare Any two units from these themes: – Time series and panel You will also select three-five students with excellent data econometrics Econometrics: units from a range of electives quantitative and analytical – Principles of econometrics – Business forecasting specific to each stream. skills to support their future Statistics: – Macroeconometrics careers leading the global – Microeconometrics For a full list of compulsory business environment. – Probability and statistical inference and elective units – Financial econometrics for economics and business please see the Monash – Statistical theory and practice Data Analytics: University handbook. Data Analytics: – Data visualization and analytics – Data visualization and analytics – High dimensional data analysis handbook.monash. edu/2021/courses/B6001 – High dimensional data analysis “The Master of Applied Economics and Econometrics is not just for people who are all about the numbers. It helps with systems thinking, which is very important for executive roles as well. I think I’ve gained a real edge having done this Master’s at Monash University given the high quality staff, research reputation and quality of the course.”

DAISY MEDIC Master of Economics and Econometrics

Why choose Monash Business School? Duration

FAST FACTS FAST ELIGIBILITY 1 Caulfield This master’s program is a joint initiative by two (in equivalent Australian qualification terms) (years) leading Monash Business School departments. Bachelor2 in any field 2 The Department of Economics is among the 1, 1.5 or 2 years 2 3 top-ranked economics departments in the world Bachelor in a related field OR 1.5 Bachelor degree in any field with leading experts, particularly in the field + relevant expertise Full-time or of and development in a related field4 part-time economics. The Department of Econometrics Bachelor2 (Hons) in any field 1.5 and Business Statistics is the largest in Australia Day and evening and ranked one of the best in the world. Bachelor2 (Hons) in a related field3 1 classes

A degree from Monash Business School comes 1. Even if you are eligible for a shorter course duration you may elect to February with global recognition, to help you launch a complete the longer duration. and July successful career. We hold the prestigious 2. With a WAM of 65. 3. Related fields include economics, econometrics and business statistics. ‘triple accreditation’ with the world’s three major 4. For example, by a relevant graduate certificate. CRICOS: 087954G business school accreditation bodies – putting us COURSE CODE: B6001 in the top 1% of business schools worldwide. But that’s not the only reason our graduates ENGLISH LANGUAGE REQUIREMENTS stand out. In an industry characterised by All applicants must demonstrate English language proficiency at the required standard disruption, we’ll challenge you to broaden your RANKED NO.39 outlook, think more creatively and put innovative > IELTS (Academic): 6.5 overall, no band lower than IN THE WORLD ideas to the test. 6.0, or equivalent approved English test; OR > Tertiary study undertaken in an English QS World University medium institution; OR Rankings by Subject 2020 Entry requirements > Other acceptable measures include a combination of approved qualifications and residence/work An Australian bachelor degree (or equivalent) experience within in an English speaking country RANKED NO.58 with a Weighted Average Mark (WAM) of 65 or > See https://www.monash.edu/admissions/ IN THE WORLD an equivalent GPA as determined by the School. english-language-requirements QS World University You’ll be ranked and selected based on your Don’t meet the English language requirements? Rankings 2020 entire academic record. Apply for the Monash Bridging Program monashcollege.edu.au/courses/english/ Depending upon your prior qualifications monash-english-bridging RANKED NO.75 and experience you may be eligible for entry IN THE WORLD credit, which reduces the duration. You Times Higher Education World may receive credit for Part A or Part C or a University Rankings 2020 combination of both.

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The information in this flyer was correct at the time of publication (October 2020). Monash University reserves the right to alter this information should the need arise. You should always check with the relevant faculty office when considering a course.