Master of Economics

Your two year full-time (or part-time) Master of Economics will explore how to solve complex Australian or international economic problems. It is specifically designed for graduates who aspire to or are already in business, not-for-profit or government leadership roles, but have limited prior background in economics.

Campus
Townsville
Start dates
February, July
Duration
2 years full-time
Part time available
Study mode
On campus

Career opportunities

Your James Cook University (JCU) Master of Economics equips you with the knowledge, skills and confidence to help you manage economic problems associated with diverse government, finance or corporate sectors, including:

  • The labour market
  • Human resources management
  • Exchange rates
  • Profitability
  • Politics
  • Social welfare
  • Financial fragility
  • The environment.

Course highlights

You will study within JCU's College of Business, Law and Governance. JCU's talented teaching staff and internationally recognised programs will ensure your studies give you practical experience and high-level academic opportunities. Support is always available to you. You'll gain valuable knowledge and experience as you work on an independent, research-based project.

You will be part of a productive research environment, with academic staff and support readily available.

Course overview

This JCU course is designed for those of you with little prior background in economics, who are planning a leadership career that demands economics expertise. You will benefit if you:

  • Hold a position that requires you to have a sound understanding of economics
  • Aspire to be promoted to a role where expertise in economics is expected, or
  • Are considering moving into a sector that demands expertise in economics.

When you graduate, you'll be able to:

  • Present complex economic analyses and information for diverse audiences
  • Critically analyse economic theory from both historical and recent perspectives
  • Evaluate sustainable economic, social and environmental practices and value systems
  • Critically analyse contemporary economic policy issues
  • Effectively apply creative thinking to economic analysis and model building.

You may choose from the general stream, or select from Environmental Management or International Political Economy majors, which are synergetic to Economics and capitalise on some of JCU's key strengths. Among the core subjects and options you can study are:

  • Managerial Economics
  • Economic Growth and Sustainable Development
  • Contemporary Economic Policy and Social Welfare
  • Behavioural Economics for Sustainable Policy
  • Current Issues in Business Research
  • Personnel Economics
  • Entrepreneurship in International Emerging Economies
  • Indigenous and Ethnic Entrepreneurship

How to apply

Complete an online application through our Online Application Portal.

Subjects

Course Structure

CORE SUBJECTS

EC5202:03 Cost Benefit Analysis

EC5204:03 Managerial Economics

EC5205:03 Economic Growth and Sustainable Development

EC5206:03 Macroeconomic Policy

EC5207:03 Contemporary Economic Policy and Social Welfare

EC5216:03 Data Collection, Analysis and Interpretation in Economics [or some students may be required to undertake CO5124:03 Data Analysis and Decision Modelling instead in Year 1 as a condition of entry]

EC5217:03 Behavioural Economics for Sustainable Policy

EC5218:03 Economics and Sustainable Resource Management

OPTIONS

Choose one of the following options:

Option 1 - All coursework (24304-CW-24U) or Option 2 – Coursework and Minor Thesis (24304-TH-24U)

OPTION 1

CORE SUBJECTS

BU4062:03 Current Issues in Business Research

EC5213:03 Financial Econometrics (odd years) or EC4703:03 Advanced Econometrics (even years) [or some students may be required to undertake EC5216:03 Data Collection, Analysis and Interpretation in Economics instead in Year 2 as a condition of entry]

EC5214:03 Case Studies in Applied Economics and Finance

EC5219:03 Personnel Economics

OPTIONS

Select a Major from Table A or select 12 credit points of specified subjects from List 1

TABLE A (MAJORS)

Type of major

Optional

Single

Credit points in major

12 credit points

MAJOR

AVAILABLE AT

NOTES

Environmental Management

Townsville

 

International Political Economy

Townsville

 

List 1 (No specified major)

CO5124:03 Data Analysis and Decision Modelling

LB5202:03 Marketing Management

LB5203:03 Sustainable Enterprise

LB5220:03 Entrepreneurship in International Emerging Economies

LB5221:03 Indigenous and Ethnic Entrepreneurship

LB5234:03 Leading and Managing Organisational Change

LB5500:03 Negotiation

LB5514:03 Cross-Cultural Conflict Resolution

OPTION 2

CORE SUBJECTS

BU4062:03 Current Issues in Business Research

BU4070:03 Honours Thesis Part 1 of 2

BU4071:12 Honours Thesis Part 2 of 2

EC5213:03 Financial Econometrics (odd years) or EC4703:03 Advanced Econometrics (even years)

EC5214:03 Case Studies in Applied Economics and Finance

Pathway into course

For prerequisites and pathways into this course visit the admission requirements section in the Handbook

Handbook

Graduate Diploma of Economics

Course code

23807

Course type

Graduate Diploma (AQF Level 8)

Division

Tropical Environments and Societies

Award Requirements

Admission Requirements

Course pre-requisites

Completion of an appropriate AQF level 7 Bachelor Degree in a discipline other than economics from this or another university; and

Applicants must be able to demonstrate an understanding of foundation level economics - either through completion of an AQF level 7 bachelor degree subject in economics or through practical experience recognised by the Dean, College of Business, Law and Governance; or

Other qualifications or practical experience recognised by the Dean, College of Business, Law and Governance as equivalent to the above.

Minimum English language proficiency requirements

Applicants of non-English speaking backgrounds must meet the English language proficiency requirements of Band 1Schedule II of the JCU Admissions Policy.

Additional selection requirements

Applicants must be able to demonstrate an understanding of foundation level statistics – either through completion of an AQF level 7 bachelor degree subject in statistics, or through practical experience recognised by the Dean, College of Business, Law and Governance.

Applicants without foundation level statistics will be required to complete CO5124 Data Analysis and Decision Modelling instead of EC5216 Data Collection, Analysis and Interpretation in Economics.

Academic Requirements for Course Completion

Credit points

24 credit points as per course structure

Course learning outcomes

JCU graduates are committed to lifelong learning, intellectual development, and to the display of exemplary personal, professional and ethical standards. They have a sense of their place in the tropics and are charged with professional, community, and environmental responsibility. JCU graduates appreciate the need to embrace and be acquainted with the Aboriginal and Torres Strait Islander Peoples of Australia. They are committed to reconciliation, diversity and sustainability. They exhibit a willingness to lead and to contribute to the intellectual, environmental, cultural, economic and social challenges of regional, national, and international communities of the tropics.

On successful completion of the Graduate Diploma of Economics, JCU graduates will be able to:

  • Analyse economic theory from both historical and recent perspectives

  • Consolidate the range of different economic methodologies

  • Synthesise sustainable economic, social and environmental practices and value systems

  • Critically analyse contemporary economic policy issues using appropriate models and make reasoned recommendations based on an intradisciplinary synthesis of theory and evidence

  • Apply creative thinking effectively to economic analysis

  • Present complex economic analyses and information appropriately to differing audiences using effective oral presentation skills

  • Present complex economic analyses and information appropriately to differing audiences using clear and fluent written communication

  • Work effectively towards completing a directed small scale research-based project, demonstrating knowledge of research principles

  • Exercise independent ethical judgment in solving different economic policy problems

  • Explain characteristics specific to the tropics which are relevant to economic decision making.

Course Structure

CORE SUBJECTS

EC5204:03 Managerial Economics

EC5205:03 Economic Growth and Sustainable Development

EC5206:03 Macroeconomic Policy

EC5207:03 Contemporary Economic Policy and Social Welfare

EC5202:03 Cost Benefit Analysis

EC5216:03 Data Collection, Analysis and Interpretation in Economics [or some students may be required to undertake CO5124:03 Data Analysis and Decision Modelling instead, as a condition of entry]

EC5217:03 Behavioural Economics for Sustainable Policy

EC5218:03 Economics and Sustainable Resource Management

Campus

COURSE AVAILABLE AT

NOTES

Townsville

 

External

 

Candidature

Expected time to complete

1 year full-time or equivalent part-time

Maximum time to complete

3 years

Maximum leave of absence

1 year

Progression

Course progression requisites

Students admitted without foundation level statistics will be required to complete CO5124 Data Analysis and Decision Modelling instead of EC5216 Data Collection, Analysis and Interpretation in Economics.

Course includes mandatory professional placement(s)

No

Special assessment requirements

Nil

Professional accreditation requirements

Nil

Maximum allowed Pass Conceded (PC) grade

Nil

Supplementary exam for final subject

A student who has failed a single subject towards the award in their final teaching period and who gained 40% or more of the marks for that subject may be granted a supplementary examination in that subject. However if that subject is required for accreditation, then the criteria specified by that accreditation will apply.

Advanced Standing

Eligibility

Students may apply for advanced standing for previous tertiary study in accordance with the Advanced Standing and Articulation policy and associated procedures.

Maximum allowed

12 credit points

Currency

Advanced standing will be granted only for studies completed in the 4 years prior to the commencement of this course.

Expiry

Advanced standing gained for any subject shall be cancelled 7 years after the date of the examination upon which the advanced standing is based if, by then, the student has not completed the course of study prescribed for the degree.

Other restrictions

Advanced standing will not be granted for work experience or undergraduate studies.

Award Details

Award title

Graduate Diploma of Economics

Approved abbreviation

GDipEc

Inclusion of majors on testamur

Not applicable - this course does not have majors

Exit with lesser award

Not applicable

Course articulation

Students who complete the Graduate Diploma of Economics are eligible for entry to the Master of Economics, and may be granted advanced standing for all subjects completed under the graduate diploma.

This website is intended as general guide. Prospective students should contact the university to confirm admission requirements and the availability of courses. James Cook University reserves the right to alter any course or admission requirement without prior notice.