University of Melbourne
Master of Applied Econometrics
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 18 months
- Course Type: Master's
Studying this course will give you the econometric expertise to answer real-world economic questions. You can also specialise in areas relating to your career goals.
Course overview
Aimed at students with a background in economics, analytics or mathematics (including some statistics), the Master of Applied Econometrics is a three-semester program that focuses on the practical application of advanced econometric modelling techniques.
Econometric skills (the application of statistical methods to economic data), are increasingly in demand as advances in information and communications technologies, offer greater opportunities to work with big data.
CSP Subsidised Fees Available
This program has a limited quota of Commonwealth Supported Places (CSP). The indicative CSP price is calculated based on first year fees for EFT. The actual fee may vary if there are choices in electives or majors.
Key facts
What you will study
To gain the Master of Applied Econometrics, you must complete 150 credit points (CP) comprised of 12 subjects. Each subject is valued at 12.5 CP.
Students complete five core subjects.
Students must complete all of the following core subjects:
- Data Wrangling and Visualisation
- Basic Econometrics
- Forecasting in Economics and Business
Students must complete two core subjects from the following:
- Advanced Data Analysis
- Applied Microeconometric Modelling
- Time Series Analysis and Forecasting
- Quantitative Analysis of Finance I
Entry requirements
Academic requirements
To be considered for entry into this course, you must fulfil all of the following criteria:
- Have completed an undergraduate or postgraduate degree with a strong analytical or mathematical component with a Weighted Average Mark (WAM) of at least 70% (or equivalent).
- Have completed a first-year statistics subject.
- Have completed the Graduate Records Examination (GRE), unless you have completed an undergraduate degree in Australia or New Zealand or met one of the approved conditions for GRE exemption.
- Submit a 500-word personal statement outlining why you wish to be considered for this course.
English language requirements
All applicants to the University of Melbourne must satisfy the English language requirements. This may be achieved in a number of ways, including recognised previous study taught and assessed entirely in English or an approved English language test.
If you are from a non-English speaking background, the required standard of English for this degree is one of the following English proficiency test scores:
- IELTS (Academic) – 6.5 overall, with no band less than 6.0.
- TOEFL IBT – minimum score of 79, with writing 21; speaking 18; reading 13; listening 13.
- PTE – minimum score of 64, with no communicative skill below 60.
- Cambridge – minimum score of 176, with no skill less than 169.
Recognition of Prior Learning
Prior studies may be credited towards your degree and potentially reduce the duration of your course. This is known as Advanced Standing (also known as credit or recognition of prior learning).
Contact the university for more details.
Outcomes
Career outcomes
Graduates have gone on to some successful and varied careers. These are just some examples:
- Analyst
- Data scientist
- Modelling and insights leader
Learning outcomes
As a graduate of this degree, you will develop expertise in:
- Practical applications of econometric modelling techniques.
- Analytical skills in the application of economic theory, knowledge, principles, techniques and data.
- Explaining, applying and critically evaluating the use of econometric models for forecasting, and assessing different economic policy and decision-making options.
- Applying methods learned to address policy and business decision questions.
Fees and CSP
Estimated first-year fee in 2025: From $16,992 (Commonwealth Supported Place)
Indicative first-year fee in 2026: $37,984 (domestic full-fee paying place)
Indicative total course fee in 2026: $58,876 (domestic full-fee paying place)
Unless otherwise noted, the indicative total course fee shown above assumes a study load of 1 EFTSL (equivalent full-time student load) commencing semester one of the listed year, except for courses with a duration of less than 1 EFTSL.
Fees are subject to annual review by the University, with any new rates effective from the beginning of each calendar year.
A student’s fee may vary depending on:
- The number of subjects studied per term.
- The choice of major or specialisation.
- Choice of subjects.
- Credit from previous study or work experience.
- Eligibility for government-funded loans.
You may also need to pay the student services and amenities fee.
Commonwealth Supported Places
The Australian Government allocates a certain number of CSPs to the universities each year, which are then distributed to students based on merit.
If you're a Commonwealth Supported Student (CSS), you only need to pay some of your tuition fees. The student contribution amount is the balance once the government subsidy is applied. This means your costs are much lower.
Limited CSP spaces are offered to students enrolled in selected postgraduate courses.
Your student contribution amount is:
- Calculated per the subjects you're enrolled in.
- Dependent on the study areas they relate to.
- Reviewed and adjusted each year.
HECS-HELP loans are available to CSP students to pay the student contribution amount.
FEE-HELP loans are available to assist eligible full-fee paying domestic students.