Master of Management (Economics)

• Describe and explain the fundamental principles influencing markets and managing organisations; and
• Evaluate the impact of a variety of cultural and environmental factors on the organisation and in the market.

• Explain and critically analyse factors that influence decision making in firms and the economy;
• Identify strategic issues and solutions in relation to economic problems and activity within firms; and
• Apply knowledge of theory to analyse real and hypothetical problems in different markets both domestically and internationally.

• Apply basic mathematical techniques to analyse business and economics data;
• Evaluate the applicability of various theories and techniques to business and economics related problems;
• Employ a range of tools of analysis’ pertinent to the evaluation of evidence in business and public sectors;
• Use evidenced based research techniques to support decisions; and
• Apply ethical principles and corporate governance strategies to address real world issues and problems.

• Use quantitative methods to aid decision making;
• Develop analytical skills routinely used by practicing economists to examine economics topics of contemporary importance;
• Discuss economic issues related to the labour, product, finance and foreign exchange markets as well as the role of government in economic policy;
• Analyse strategic behaviour and interactions of economic agents;
• Solve macro and micro economic problems using dynamic models;
• Apply advanced microeconomics to Australian policy analysis and debates; and
• Use the general equilibrium approach to the modelling the macro economy.

Four foundation subjects:

Eight compulsory subjects:

Please Note:

Students should be aware that some compulsory economics subjects will only be offered once per year. Students will need to ensure that their study plan reflects the timetabling of subjects. If students should fail a compulsory subject, they may not be able to complete their program by the expected completion date for their degree.

Four electives:

1. The Selection Committee will evaluate the applicant's ability to pursue the course successfully using the following criteria:

• An undergraduate degree in any discipline, or equivalent; and

• The applicant's submitted statement of intent in seeking entry; and

• Performance on the GMAT unless the applicant has met one of the approved conditions for GMAT exemption.

2. The Selection Committee may conduct interviews and tests and call for referee reports and employer references to elucidate any of the matters referred to above.

For the purpose of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this course are articulated in the Course Description, Course Objectives and Generic Skills of this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

• Ethical practitioners through a knowledge of corporate governance processes and implementation;
• Adept at analysing and evaluating evidence in management decision making in an area of commerce specialisation;
• Problem solvers in economics through the application of appropriate economic theories, techniques, principles and data;
• Strategic and critical thinkers in relation to business and commerce related issues and in developing solutions to problems in organisations and in society;
• Adept at using a variety of economic tools to enable critical analysis of contemporary economic policies and debates;
• Able to synthesize economic ideas, theories and data in developing solutions to economic problems;
• Adept in research skills including the retrieval of information from a variety of economics sources;
• Effective team members through collaborative exercises in tutorials and assessment;
• Critically evaluative of evidence in support of an economic argument or proposition;
• Effective decision makers in business and commerce; and
• Excellent communicators of economics and commerce related ideas, theories and solutions to peers and the wider community.

• Critical evaluation of evidence in support of an economic argument or proposition;
• Problem solving in economics through the application of appropriate economic theories, techniques, principles and data;
• Communication of economics and commerce related ideas, theories and solutions to peers and the wider community;
• Ability to synthesize economic ideas, theories and data in developing solutions to economic problems;
• Ethical practice through a knowledge of corporate governance processes and implementation;
• Research skills including the retrieval of information from a variety of economics sources; and
• Teamwork through collaborative exercises in tutorials and assessment.