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About University Of Melbourne Economics Masters

Learn about the production, distribution and consumption of wealth. Economics is offered as a major in Deakin’s Bachelor of Commerce and combined commerce courses; it’s a social science based on human behaviour that aims to enhance all aspects of business.

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An economics major can provide the basis of a specialist career in economic research and policy, as well as the background for many versatile careers in industry and finance. You’ll gain business acumen and learn how to adapt to various policy environments, which will give you extra flexibility in your area of expertise. The quantitative and analytical skills you develop will be highly valued by employers, setting you on the right path to a rewarding career.

Undergraduate Postgraduate Research Non-award
Undergraduate (your first degree)
An undergraduate degree is generally completed between two to four years, depending on the pattern of study and any recognition of prior learning you may have. Associate degrees, bachelor and bachelor with honours are all undergraduate degrees.

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Graduate Certificate of Health Economics
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Higher Degrees Research

University Of Melbourne Economics Ranking

Career opportunities
Careers in economics can span a vast array of industries. Some of the work you could find yourself doing includes:

analysis, policy advice, research, risk analysis, strategic planning
analysing data, trends, issues and policy advice
econometrics, forecasting, modelling, policy advice, quantitative analytics, research
financial modelling
international journalism
international relations
international strategy
property/architecture analysis, data management, modelling
social welfare/environmental impact
statistical modelling.
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HOW TO APPLY
Learn from the best
Our staff have expertise in areas such as economic theory, international trade, economic growth and development, industrial relations and political economy. With industry knowledge and connections, your learning will be shaped by current practice, making you well-prepared to enter the workforce.

Accreditation
Deakin has been awarded the following prestigious accreditations:

Deakin Business School (DBS) is accredited by the Association to Advance Collegiate Schools of Business (AACSB). Only five per cent of business programs worldwide are AACSB accredited and DBS is one of only three business schools in Victoria to achieve this recognition.
DBS has been awarded EQUIS accreditation through the European Foundation for Management Development (EFMD). This global best-practice recognition places Deakin Business School in the top 1 per cent of business schools worldwide.
Deakin gives you exciting and up-to-date training in analytical thinking that can be used across a wide range of occupations.

Pasquale Sgro

Head of Department of Economics

Research with us
If you’d like to develop a deeper understanding of how economic forces and behaviours can affect our world, study a higher degree by research with us. Make a real, practical difference to peoples’ lives and your career.

Learn more about researching with us

Browse other disciplines within business
Choose an area that you’re interested in and learn how Deakin’s extensive range of study options and experiences can help turn your dreams into reality.

Deakin’s Bachelor of Commerce/ Bachelor of Communication (Public Relations) empowers you to solve the problems of the future in a world where reputation is everything.

Learn to think more critically as you gain a strong foundation in all aspects of business at Deakin’s world class business school. At the same time learnings how to build the reputation of brands, Graduate with a unique skill set ready for an exciting career in your chosen field.

Want versatile job-ready skills in both communication (Public Relations) and business?

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Course structure
To qualify for the award of Bachelor of Commerce/Bachelor of Communication (Public Relations), students must complete 32 credit points plus the compulsory 0-credit point module, MAI010 Academic Integrity Module.

16
Bachelor of Commerce units

16
Bachelor Communication (Public Relations) units

32
Total units

Students will undertake 16 credit points from M300 Bachelor of Commerce and 16 credit points from A325 Bachelor of Communication (Public Relations)

Course requirements for both the Bachelor of Commerce (M300) and the Bachelor of Communication (Public Relations) (A325) must be satisfied.

Compulsory 0-credit point unit:-

To be completed in the first trimester of study.

MAI010 Academic Integrity Module
MAI010
16 credit points of Commerce coded units:-

8 credit points of core units (MAA103, MAF101, MAE101, MWL101, MIS171, MMM132, MLC101, MMK101)one Commerce major sequence of 8 credit points must be included.
16 credit points of Communication (Public Relations) coded units:

12 credit points of core units (ACC100, ALR103, ALR104, ACC213, ALR210, ALR279, ACC320, ACC321, ALR300 (2cp), ALR376, ALR383)2 credit points of course electives from level 1 (List A):ACG103, ALA101, ALA102, ALJ111, ALJ112, ALM101, ALM102 and either IND101 or IND1022 credit points of course electives from level 2/3 (List B): ADV201, ALA203, ALM202, ALM215, MIS203, MMM312, ALJ324, ACC303, ALA302 and either IND203 and IND302
Key information
Award grantedBachelor of Commerce / Bachelor of Communication (Public Relations)
Year
2021 course information

VTAC code1400410741 – Waterfront (Geelong), Commonwealth Supported Place (HECS)
1400510741 – Burwood (Melbourne), Commonwealth Supported Place (HECS)
1400610741 – Cloud (online), Commonwealth Supported Place (HECS)
Deakin codeD359
CRICOS code?104740K Burwood (Melbourne), Waterfront (Geelong)
LevelUndergraduate
Approval status
This course is approved by the University under the Higher Education Standards Framework.

Australian Qualifications Framework (AQF) recognition
The award conferred upon completion is recognised in the Australian Qualifications Framework at Level 7.

Campuses by intake
Campus availability varies per trimester. This means that a course offered in Trimester 1 may not be offered in the same location for Trimester 2 or 3. Read more to learn where this course will be offered throughout the year.

Trimester 1 – March
Trimester 2 – July
Trimester 3 – November
^Students and Applicants to Geelong Waterfront Campus
Travel between campuses will be required to complete this combined degree. The Bachelor of Commerce degree will be taught at Waterfront campus and the Bachelor of Communication (Public Relations) degree will be taught at the Waurn Ponds Campus.

University Of Melbourne Economics Faculty

Deakin splits the academic year into three terms, known as trimesters. Most students usually undertake two trimesters each year (March-June, July-November).

Additional course information
Course duration – additional information

Course duration may be affected by delays in completing course requirements, such as accessing or completing work placements.

Mandatory student checks
Any unit which contains work integrated learning, a community placement or interaction with the community may require a police check, Working with Children Check or other check.

Participation requirements
Reasonable adjustments to participation and other course requirements will be made for students with a disability. Click here for more information.

Work experience
Elective units may provide the opportunity for Work Integrated Learning experiences.

Entry requirements
Current or recent Year 12
Higher education experience
VET education experience
Work and life experience
If you are currently studying Year 12 in 2020 or completed Year 12 in 2018 or 2019 and have not attempted higher education or VET study since, your selection is based on the following.

Prerequisite subjects

Minimum prerequisite ATAR of 50.00. Units 3 and 4: a study score of at least 25 in English EAL (English as an additional language) or at least 20 in English other than EAL.

ATAR

This course uses the ATAR as part of its selection considerations.

Selection is competitive and meeting the minimum entry requirements does not guarantee selection. Our Admission Criteria and Selection Policy outlines the principles of selection.

Selection adjustments

Admissions information
Recognition of prior learning
The University aims to provide students with as much credit as possible for approved prior study or informal learning which exceeds the normal entrance requirements for the course and is within the constraints of the course regulations. Students are required to complete a minimum of one-third of the course at Deakin University, or four credit points, whichever is the greater. In the case of certificates, including graduate certificates, a minimum of two credit points within the course must be completed at Deakin.

You can also refer to the Recognition of Prior Learning System which outlines the credit that may be granted towards a Deakin University degree and how to apply for credit.

Fees and scholarships
Fee information
Estimated tuition fee – (CSP)?$12,697 for 1 yr full-time – Commonwealth Supported Place (HECS)
Learn more about fees.
The tuition fees you pay will depend on the units you choose to study as each unit has its own costs. The ‘Estimated tuition fee’ is provided as a guide only based on a typical enrolment of students undertaking the first year of this course. The cost will vary depending on the units you choose, your study load, the time it takes to complete your course and any approved Recognition of Prior Learning you have.

Each unit you enrol in has a credit point value. The ‘Estimated tuition fee’ is calculated by adding together 8 credit points of a typical combination of units for that course. Eight credit points is used as it represents a typical full-time enrolment load for a year.

You can find the credit point value of each unit under the Unit Description by searching for the unit in the Handbook.

Learn more about fees and available payment options.

Scholarship options
A Deakin scholarship could help you pay for your course fees, living costs and study materials. If you’ve got something special to offer Deakin – or maybe you just need a bit of extra support – we’ve got a scholarship opportunity for you. Search or browse through our scholarships

Learn more about the application process.
Apply direct to Deakin
Direct applications are now open for:

recent Year 12 students who completed secondary education in the past two years
applicants with work and life experience
applicants with TAFE experience
applicants with higher education experience.
Please note: If you’re applying for more than one course, you need to apply through VTAC.

Apply to Deakin after reading the course entry requirements, or learn more about the application process.

APPLY THROUGH DEAKIN
Entry pathways
Alternative exits

Bachelor of Commerce (M300)
Bachelor of Communication (Public Relations) (A325)
Diploma of Business Studies (M201)
Contact information
Prospective students:
Prospective Student Enquiry Centre
1800 693 888
Economics is the study of social behaviours related to production, distribution and consumption of goods and services through statistical data, modelling and economic theories. From this, Economists seek to understand, assess and explain the mechanisms of markets and economics to increase efficiency and productivity.

Economists have varied employment opportunities in public and private sectors. For example, they can look at how economic welfare, financial markets and government impact income and wealth creation; release economic performance indicators such as the Gross Domestic Product (GDP); or forecast to determine bank interest rate levels.

This field of study is suited for students who have strong mathematical skills or enjoy mathematics as it involves quantitative studies and analysing and interpreting data to find solutions for the commercial world.

Within this major you will focus on three key areas within economics:

Microeconomics: the behaviour of individual consumers and producers
Macroeconomics: economies on a regional, national or international level
Econometrics: using historical data and models to test hypotheses and forecast future performance and indicators.
ECONOMICS AT MELBOURNE

As a social science, the Economics major can be studied in either the Bachelor of Arts or the Bachelor of Commerce.
Economics has a long history at the University of Melbourne, having been taught since 1855
We are ranked #1 in Australia for the quality of teaching and research in the field of economics (QS World University Rankings (by subject) 2020)
Students who wish to pursue a major in Economics through the Bachelor of Arts degree are required to meet the mathematics prerequisites of the Bachelor of Commerce.

Why choose Deakin
Career outcomes
As a Bachelor of Commerce/ Bachelor of Communication (Public Relations) graduate, you’ll be ready for a variety of career opportunities including:

Depending on the major sequence you choose, your Bachelor of Commerce component may give you eligibility for a range of professional memberships and accreditations.

Students who complete the accounting major sequence are eligible to apply for:

the CA Program of the Chartered Accountants Australia and New Zealand (CAANZ)
Associate membership for the CPA Program
IPA Program of the Institute of Public Accountants (IPA)
Association of Chartered Certified Accountants (ACCA).
Students who complete the marketing major sequence are eligible for a one-year credit reduction from the five years needed to become a Certified Practicing Marketer by the Australian Marketing Institute (AIM).

Students who complete the financial planning major sequence will satisfy the education standards prescribed by the Financial Adviser Standards and Ethics Authority (FASEA) to be able to provide financial advice in Australia and be eligible for entry into the certification programs of the professional financial planning associations – the CERTIFIED FINANCIAL PLANNER® Certification Program offered by the Financial Planning Association of Australia (FPA) and the Fellow Chartered Financial Practitioner designation offered by the Association of Financial Advisers (AFA).

Students should consult with a course adviser to identify any additional requirements for membership for each professional body, and also consult with the professional body.