Monash University
Master of Applied Econometrics
- Delivery: Face to Face
- Study Level: Postgraduate
- Duration: 12 months
- Course Type: Master's
Gain an advanced understanding of the analytical and technical skills needed to apply econometric thinking to various business challenges.
Course overview
This course provides professional education for those wishing to become econometric professionals. It has a strong emphasis on developing analytical skills and offers a solid grounding and professional competence in aspects of commerce required for careers in the corporate sector, government and the professions.
Build a high level of expertise in one of the following themes:
- Macro and financial econometrics
- Micro and health econometrics
- Data analytics for energy and climate
Focus your studies from the start, blending a conceptual, theoretical framework with practical applications and covering basic discipline material to more specialised discipline requirements.
Applied econometrics provides coursework and research components and will equip you with the required skills in econometric techniques and research experience to undertake major applied econometric projects. You will engage in a comprehensive curriculum across applied econometrics, time series analysis, financial econometrics, macroeconomics and microeconometrics and develop skills to design and implement applied econometric projects for the government and business sectors. This program may be used to prepare high-performing students for a subsequent PhD program.
Key facts
What you will study
To complete the Master of Applied Econometrics, you must complete 12 units (72 credit points). It consists of Part A. Advance preparatory, two units (12 credit points), Part B. Mastery Knowledge, six units (36 credit points) and Part C. Electives, four units (24 credit points).
Complete 12 credit points from the following units.
- Introductory Applied Econometrics (six credit points) OR Introductory Econometrics (six credit points
- Applied Econometrics - ETF5320 (six credit points) OR Applied Econometrics - ETC5341 (six credit points)
Entry requirements
Entry level 1: 72 points to complete
Duration: 1.5 years full-time, three years part-time
- An Australian bachelor's degree (or equivalent) with at least a high credit (65%) average or equivalent Grade Point Average in a STEM or business area, including a 1st year statistics or mathematics unit or equivalent.
Entry level 2: 48 points to complete
Duration: One year full-time, two years part-time
Applicants must have one of the following:
- An Australian bachelor's degree (or equivalent) with a significant or minor in a cognate discipline* with at least a high credit (65%) average or equivalent Grade Point Average (GPA) and an Australian graduate certificate/honours degree (or equivalent).
- An Australian bachelor's degree (or equivalent) in a STEM or business area includes a 1st year of statistics or mathematics unit or equivalent and two years of relevant professional experience.***
Cognate disciplines include actuarial studies, econometrics, engineering, finance, mathematics, science or statistics.
- A minor is at least four units (equivalent to 24 Monash credit points).
- Applicants applying based on work experience must provide a detailed curriculum vitae outlining their employment history and professional experience.
- Applicants who have completed relevant discipline units in an Australian bachelor's degree (or equivalent qualification) may be exempted from undertaking advanced preparatory units and can choose an alternative unit in consultation with the Course Director.
English language requirements
To enter Monash University, you must meet the minimum English language requirements. You can do this by completing one of the qualifications listed on their website.
Suppose you've completed several measures of English proficiency over time. In that case, the highest valid measure will be accepted if taken within the required time limitations.
University entrance requirements
- Minimum entrance requirements apply for admission to Monash University, Australia.
Recognition of Prior Learning
You may be able to get credit for your course based on prior formal, non-formal or informal learning. To apply, you will need to provide supporting documentation outlined by the university. Contact the university for more information.
Outcomes
Learning outcomes
- Be critical and creative scholars who:
- Produce innovative solutions to problems.
- Apply research skills to business challenges.
- Communicate effectively and perceptively.
- Be responsible and effective global citizens who:
- Engage in an internationalised world.
- Exhibit cross-cultural competence.
- Demonstrate ethical values.
- Demonstrate broad knowledge and technical skills in the area of their specialisation and be able to provide discipline-based solutions relevant to the business, professional and public policy communities that we serve, in particular:
- Applied econometrics graduates demonstrate specialist knowledge of modern econometric techniques needed for empirical or methodological research to pursue a career in government or business and develop the essential postgraduate skills to possibly pursue a higher-degree-research program.
- Applied econometrics graduates also demonstrate specialist knowledge in subjects related to econometrics to progress towards professional careers in private, public or institutional sectors as economists or consultants.
- Have advanced knowledge to master's level in the specialisation.
Fees and FEE-HELP
Average 2025 first-year fee: $37,100 (domestic full-fee paying place)
All costs are calculated using current rates and are based on a study load of 24 credit points (normally four units) per semester or 48 credit points (normally eight units) per year.
A student’s annual fee may vary in accordance with:
- The number of units studied per term.
- The choice of major or specialisation.
- Choice of units.
- Credit from previous study or work experience.
- Eligibility for government-funded loans.
Student fees shown are subject to change. Contact the university directly to confirm.
FEE-HELP loans are available to assist eligible full-fee paying domestic students with the cost of a university course.