200 point program
2 years full-time / part-time unavailable
2 Year Program (200 Points)
1. In order to be considered for entry, applicants must have completed:
- an undergraduate or postgraduate degree with a strong analytical or mathematical component and with a weighted average mark of at least H2A (75%);
- a statement of intent outlining why they wish to be considered for the course; and
- the Graduate Record Examination (GRE) unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GRE exemption.
Meeting these requirements does not guarantee selection.
2. In ranking applications, the Selection Committee will consider:
- prior academic performance;
- the GRE score unless the applicant has completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GRE exemption; and
- the statement of intent.
3. The Selection Committee may seek further information to clarify any aspect of an application in accordance with the Admission and Selection into Course Policy.
4. The minimum English language requirements for this course are Band 6.5.
- To meet the analytical or mathematical prerequisite requirements, applicants with an economics background will normally be required to have a major in economics including calculus-based economics subjects plus an econometrics subject with a weighted average mark of at least H2A (75%) across the major.
- Applicants from a non-economics background require an undergraduate major of a mathematical/analytical nature including calculus, linear algebra and statistics subjects with a weighted average mark of at least H2A (75%) and will also be required to have completed microeconomics and macroeconomics subjects at least at the second year level.
- Students who discontinue from the Master of Economics but have successfully completed the requirements of the Graduate Diploma in Economics will be eligible to receive the Graduate Diploma in Economics as an exit award.
- Applicants with an honours degree in economics with a weighted average mark of at least H2A (75%), or a relevant postgraduate degree with a weighted average mark of at least H2A (75%), who have completed subjects which satisfy the prerequisites for both the core and quantitative second year subjects in the Master of Economics may be awarded up to 100 points of credit into the Master of Economics.
View handbook entry
Do I qualify for a GMAT/GRE exemption?
The GMAT or GRE is not mandatory for applicants who have previously completed an undergraduate degree at an Australian or New Zealand University.
Exemptions from the GMAT/GRE are applicable if you fit into the ‘humanitarian aid case’ category - i.e. you are an applicant who:
- is in receipt of a sponsored scholarship from a humanitarian aid organisation (eg AusAid)
- holds a permanent Humanitarian Visa for Australia
- can demonstrate that humanitarian crisis impacts on your ability to sit the GMAT/GRE (eg, residence in country where there has been a recent critical threat to their health, safety, security or well-being through armed conflict, epidemic, famine, or natural disaster).
Please note: If you are applying for a graduate research degree, GMAT or GRE results are mandatory.
What is a Statement of Intent?
Your application must include a statement of intent of no more than 500 words. It should describe your personal motivation to undertake further study, and can include details of your personal circumstances as well as your life and work experiences. It should emphasise any aspect of your personal history that may enhance your application, including extra-curricular activity, community involvement, work experience, relevant personal characteristics and any outstanding achievements.
What are the English language requirements?
The University of Melbourne has a set of English language requirements which all applicants must meet. If you have completed a previous degree which was taught and assessed entirely in English you do not have to undertake a test.
Minimum scores and tests accepted
For English language tests, we require documentary evidence of having obtained the minimum scores within the previous 24 months.
IELTS: 6.5 (with no band less than 6.0)
TOEFL (paper test): 577 with TWE 4.5
TOEFL (internet): 79 with Writing 21, Speaking 18, Reading 13, Listening 13
Pearson Test of English (Academic): 58-64 inclusive and no communicative skill below 50