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Master of Economics
4.1 /5
- Public University
Melbourne Business School
Talk to ExpertMaster of Economics at University of Melbourne Overview
Master of Economics
at University of Melbourne
The University of Melbourne offers courses at PG level. The course lasts for a duration of 2 years. It is among the top-ranked courses in the country. To be eligible for the course, the students must fulfil the eligibility criteria, which includes valid score in exams such as IELTS, TOEFL and PTE. The The University of Melbourne tuition fee for Master of Economics for the first year is AUD 56,992. Also, the students have to make budget for the other costs which includes
- Rent
- Hostel fees
- Food
- Books
- Supplies
- Utilities, etc.
Duration | 2 years Get Curriculum |
Tuition & Fees | ₹34.90 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Economics
Table of contents
Master of Economics at University of Melbourne Fees
Master of Economics
at University of Melbourne
The fee structure for the Master of Economics at The University of Melbourne covers the first-year tuition fees along with other additional charges, including the Books and supplies charges; facilities cost and many more offered by The University of Melbourne. Other than tuition costs, students need to pay living expenses that cover various factors like rent, food, transportation, utility, and other personal expenses. The average cost of living is AUD 29,055. The total tuition fees for the first year of Master of Economics is AUD 56,992.
Find more details about The University of Melbourne Master of Economics on the fee breakup, from the table mentioned below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 34,89,962 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 17,45,611 |
| Insurance | INR 37,307 |
Calculated at the exchange rate of 1 AUD = INR 57.22 | Tuition & expenses were last updated on 21ˢᵗ November 2025Master of Economics at University of Melbourne Curriculum
Master of Economics
at University of Melbourne
Latest curriculum for Master of Economics at University of Melbourne can be downloaded from the below link. The curriculum PDF has semester wise course structure, electives and detailed course content. You can also check course curriculum of other specializations offered in MIM at University of Melbourne
Download exam sample paper
TOEFL
TOEFL
PTE
IELTS
GRE
Master of Economics at University of Melbourne Entry Requirements
Master of Economics
at University of Melbourne
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 75%
- Read less
- Students must have completed an undergraduate or postgraduate degree with a strong analytical or mathematical component with a Weighted Average Mark (WAM) of at least 75% or equivalent.
- If students have an economics background, they will normally be required to have a major in economics. To meet the analytical or mathematical prerequisite requirements, studies should include calculus-based economics subjects e.g. ECON30010 Microeconomics, ECON30009 Macroeconomics plus an econometrics subject e.g. ECOM30002 Econometrics 2 with a weighted average mark of at least 75% across the major.
- If students are an applicant from a non-economics background, they will require an undergraduate major of a mathematical/analytical nature. This should include calculus, linear algebra, and statistics subjects with a weighted average mark of at least 75%. Students will also be required to have completed microeconomics and macroeconomics subjects that are at the second-year level or above.
Convert your GPA to Percentage
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GPA
Percentage
CGPA
Out of 4
TOEFL
- Marks - 81/120
- Read less
- with writing 19; speaking 19; reading 16; listening 16
-
Register for TOEFL iBT® Test Today and get Rs 500 Off. Use code SHIKTOEFL to avail the discount. Hurry Register now for TOEFL
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Convert your GPA to Percentage
Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 4
PTE
- Marks - 64/90
- with writing 60; speaking 60; reading 60; listening 60
IELTS
- Marks - 6.5/9
- with writing 6.0; speaking 6.0; reading 6.0; listening 6.0
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
GRE
- No specific cutoff mentioned
Conditional Offer
- Yes
- If the offer is conditional, then the applicant needs to meet the conditions of the offer before accepting it
Sign-up to view details
Master of Economics at University of Melbourne Rankings
Master of Economics
at University of Melbourne
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #18 | |
| #40 |
Master of Economics at University of Melbourne Placements
Master of Economics
at University of Melbourne
| Particulars | Statistics (2025) |
|---|---|
| Internship Available | Yes |
The University of MelbourneStudents Ratings & Reviews
4.1/5
19 Verified ReviewsStudent Views (Based on Reviews)
- 32% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Stressful
Fun loving
Internships3.8
Part time work3.8
Post study jobs3.7
Quality of faculty4.4
Student Life4.4
Value for money3.5
Public transportation4.5
Safety4.5
Indian Food4.7
Permanent Immigration3.8
V
Vinayak Kapoor
Master of Management (Accounting and Finance) - Batch of 2026
Offered by The University of Melbourne
4.3
A challenging but transformative experience.
Tips: Before joining students should know that the academic environment is a bit challenging but rewarding as well. The university offers so many opportunities beyond academics like clubs, committees, leadership roles, industry networking and getting involved really helps you settled in and grow. I got an internship after landing a business and economics scholarship which recognised my academic background and leadership background as well. I'm satisfied with my course and I love Melbourne. The city is really beautiful and you get so many volunteering opportunities every single day.
Total Monthly ExpenseAUD 2500
Prepping time for classes22 hours/Week
Expected Annual SalaryAUD
A
Anonymous
Bachelor of Science in Data Science - Batch of 2025
Offered by The University of Melbourne
3.8
Academically challenging but good.
Tips: There is a bit of a cultural shift when you come from India but you will adjust within a few weeks/ months. Getting a scholarship as an international Bachelor student is quite tough and I wasn't able to get any. I am satisfied with my university but I do feel like it is quite expensive for what it offers and I am not sure how much return I am going to get out of it.
Likes (Public transportation): Public transport is quite accessible and is very well connected. It is however not very affordable as you have to pay 10 dollars (600 INR) even if you have to travel two stops ahead. But it is very well connected to the city and suburbs and you don't really need a car if living in the city.
Dislikes (Value for money): It is quite a lot and I believe the ROI is not much. The salaries you get compared to what an international student pays don't justify it. But again, it is one of the best universities in the world so you pay for the quality and the experience it offers.
Total Monthly ExpenseAUD 3025
Prepping time for classes40 hours/Week
Expected Annual SalaryAUD 65150
K
Kasturi Morade
Master of Management (Marketing) - Batch of 2026
Offered by The University of Melbourne
4.4
My university is academically oriented and has amazing faculty.
Tips: Coming to University of Melbourne has brought a lot of changes in my personality and the way I perceive things. I have become so much compassionate, humble, kind and friendly. The university gives you an opportunity to meet people from all around the world who have different faith systems and that teaches you to become respectful and patient. Being here has also made me realise the importance of teamwork and professionalism. I have learned how to express myself more confidently and speak up to address any issues in a way that is mature and polite. This cultural transition has made me independent and self-aware.
I received the Business and Economics Scholarship from my university. This was an auto-granted scholarship that was based on my academic performance. The scholarship covers 50% of my tuition fees.
I am highly satisfied with my university, course and Australia. I wouldn't want it any other way. My university is academically oriented and has amazing faculty. They are some of the best people in their field.
Australia is a beautiful country. The people are kind, non racists, warm and welcoming. I found it very easy to adapt to the culture here because it is so open, relaxed and diverse.
For my course, it is slightly a little theoretical, but it provides valuable insights. I like most of my subjects that genuinely interest me. Subjects like consumer and consumption, branding, project management, managerial decision analytics and branding really fascinate me. I also love how the assignments allow you to apply concepts in real case studies.
Total Monthly ExpenseAUD 1850
Prepping time for classes25 hours/Week
Expected Annual SalaryAUD
S
Sparsh Sethi
Master of Social Policy - Batch of 2026
Offered by The University of Melbourne
5
Supportive college environment.
Tips: Do not come here expecting to land a part-time working gig as soon as you arrive. Things like that don't happen easily and take a lot of time. You eventually handle yourself after finding some initial difficulty adjusting to the cultural and ethnic changes in the city. Overall, Melbourne is one of the most accommodating places I've ever been to.
Likes (Quality of faculty): Students can have the time of their lives here. There's literally everything here that a student can ask for. With over two hundred clubs and societies, UniMelb forms one of the biggest student communities in the country, students are given the freedom to explore themselves.
Dislikes (Student Life): The faculty has complete knowledge about their subject, and even beyond that, they're the perfect mix of teacher and mentor. They also know how to maintain their boundaries from students and aren't very over-friendly or in your face with regards to your personal life.
Total Monthly ExpenseAUD 2300
Prepping time for classes10 hours/Week
Expected Annual SalaryAUD 85000
S
Sparsh Sethi
Master of Social Policy - Batch of 2026
Offered by The University of Melbourne
4.7
The university is quite expensive.
Tips: Do not expect to land a part-time role as soon as you arrive. It can take a lot of time. The education culture of Australia is experience-based, so it'll involve a lot of group discussions and class participation. Hence, it is essential to do the required readings before class in order to make the most of your learning experience.
Likes (Indian Food): There is a variety of options for Indian as well as any other country's food, so you won't get that feeling of homesickness. Since I've come here, I've had the best of experiences trying out different cuisines like Chinese, Japanese, Italian, Argentinean, and whatnot.
Dislikes (Value for money): I feel like the course is expensively priced, and it costs more than double what it does to a domestic student. Although I'm sure the courses provide value for money, I still feel they're at a price that might not be comfortable for everyone to bear.
Total Monthly ExpenseAUD 2300
Prepping time for classes10 hours/Week
Expected Annual SalaryAUD 85000
View All 25 Reviews
Master of Economics at University of Melbourne Highlights
Master of Economics
at University of Melbourne
- Master of Economics is offered by Faculty of Arts under The University of Melbourne, Australia
Master of Economics at University of Melbourne Scholarships
Master of Economics
at University of Melbourne
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Master of Economics at University of Melbourne
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at University of Melbourne
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Master of Economics
at University of Melbourne
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Grattan Street, Parkville
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Australia
Melbourne ( Victoria)
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