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
International students can pursue The University of Melbourne Master of Economics at PG level. The duration of the course at the university is 2 years. The course is among the top-ranked courses in the country.
International students must meet the entry requirements such as complete academic qualification, a valid test score in exams such as IELTS, TOEFL and PTE to be eligible for the course. The The University of Melbourne fees for international students for Master of Economics is around AUD 56,992 for first-year. Students must manage additional costs such as rent, hostel fees, food, books, supplies, utilities, etc. The average The University of Melbourne cost of living is AUD 29,055.Duration | 2 years Get Curriculum |
Tuition & Fees | ₹33.43 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 content
- Overview
- Fees
- Curriculum
- Entry Requirements
- Rankings
- Placements
- Highlights
- Scholarships
Master of Economics at University of Melbourne Fees
Master of Economics
at University of Melbourne
The University of Melbourne Master of Economics fee structure includes first-year tuition fee that all the students have to pay. Apart from the tuition fee, the students also have to spend money on stay, food and other utilities, which comprises cost of living, which is AUD 29,055. The total expense may vary, depending on the additional charges provided by The University of Melbourne. The total first-year tuition fees of Master of Economics is AUD 56,992.
To know more about The University of Melbourne Master of Economics fee breakup, check out the table below:
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 33,42,581 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 17,04,076 |
| Insurance | INR 38,240 |
Calculated at the exchange rate of 1 AUD = INR 58.65 | Tuition & expenses were last updated on 17ᵗʰ April 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
IELTS
IELTS
TOEFL
PTE
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
To be considered for entry into this course, applicant 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 Applicant have an economics background, applicant will normally be required to have a major in economics including calculus-based economics subjects plus an econometrics subject with a weighted average mark of at least 75% across the major to meet the analytical or mathematical prerequisite requirements
- If Applicant do not have an economics background, applicant will require an undergraduate major of a mathematical/analytical nature including calculus, linear algebra, and statistics subjects with a weighted average mark of at least 75% and will also be required to have completed microeconomics and macroeconomics subjects at least at the second-year level
Convert your GPA to Percentage
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GPA
Percentage
CGPA
Out of 4
TOEFL
- No specific cutoff mentioned
- with Writing 21, Speaking 18, Reading 13, Listening 13
-
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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
- No specific cutoff mentioned
- 58-64 inclusive and no communicative skill below 50
IELTS
- No specific cutoff mentioned
- Read less
- 6.5 (no band less than 6.0)
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
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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 (2024) |
|---|---|
| Internship Available | Yes |
The University of MelbourneStudents Ratings & Reviews
4.1/5
19 Verified ReviewsVibe of Campus
- Academically oriented
- Multi-dimensional
- Stressful
- Friendly
Student Views
- 23% students never faced discrimination in this university
Internships3.7
Part time work3.9
Post study jobs3.7
Quality of faculty4.3
Student Life4.3
Value for money3.6
Public transportation4.5
Safety4.6
Indian Food4.7
Permanent Immigration3.7
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.
Reviewed on 19 Sep 2025Read more
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.
Reviewed on 19 Sep 2025Read more
A
Anonymous
Master of Management (Finance) - Batch of 2025
Offered by The University of Melbourne
2.9
Diverse and different university experience.
Tips: Moving to Melbourne was a big change but a great cultural experience. The city is diverse and welcoming, though at the university, most of my classmates were from Asian countries, with very few Australian classmates. which was a cultural shift for me. I received the FBE graduate scholarship of approx. $25,000 AUD fee remission by applying directly at the university.
Likes (Indian Food): You can usually find lots of restaurants with different cuisines. One time meal costs anywhere from $23 to $35, depending upon the restaurant, cuisine, etc.
I usually prefer a blend of both, cooking at home 5-6 days and eating outside 1-2 days a week.
Dislikes (Value for money): Studying at the University of Melbourne felt like an interesting cultural experience, but academically and financially, it did not meet my expectations. The tuition fees are extremely high, and I didn't feel the value provided was justified at all. Many subjects were just plain theory rather than practical, leaving me less prepared for employment than I had hoped.
Reviewed on 24 Sep 2025Read more
M
Manya Kalra
Bachelor of Arts in Economics - Batch of 2026
Offered by The University of Melbourne
3.7
Finding part-time work can be challenging if you live in the city.
Tips: My transition was rather very personal and socially based. Things get very overwhelming when you leave the shadow of your parents and manage everything alone. Making friends was really difficult for me, and my studies consequently got affected. But over time, you realise that you won't get loyal friendships here. One of the funniest culture shocks was the Unisex Washrooms. Rest, people aren't conservative here, but I suggest you be safe from junkies, since they attack a lot. I couldn't get any scholarship from Unimelb despite getting 92.5% in 12th grade - CBSE. But from other students I know as of July 2023, you can get a grant of 10,000 AUD. Personally, UniMelb is too strict and stressful with studies. There aren't a lot of options if you're seeking courses like fashion studies. I'd suggest Monash for business-oriented subjects. The classes aren't interactive or individual-focused focused especially if you have an Asian tutor.
Likes (Public transportation): If you reside in the city, trams are super convenient, and student accommodation is well-located near the university. Myki cards with a concession cost $5 and are affordable, but many students don't use them often. There are also free tram zones that don't require a Myki card at all! If you need to travel from the suburbs, trains and buses are also super convenient, costing AUD 10 per trip.
Dislikes (Part time work): It is fairly difficult to secure on-campus jobs. Finding part-time work can be challenging if you live in the city. I've been searching for a job myself for the past year, although I did have a part-time job for three months during my first semester. Managing part-time work alongside academics is not difficult at all.
Reviewed on 23 Jul 2025Read more
Y
Yashita Malhotra
Bachelor of Commerce - Batch of 2025
Offered by The University of Melbourne
3.5
Life at UniMelb as an international student.
Tips: I received a scholarship. Initially, I felt a bit overwhelmed, and it took time to adjust to the new culture. However, things improved once I became more familiar with the place. The university is truly welcoming of multiculturalism.
Likes (Public transportation): The public transportation in Melbourne is said to be one of the most well-structured in the world. There are three options: trams, trains, or buses. It's easy to travel to any suburb, and intercity trains are affordable and easy to use.
Dislikes (Permanent Immigration): The chances of permanent immigration are very low in this country. The skills in demand are limited, and fields like PR and commerce, as well as related areas, don't contribute to them. Additionally, it's difficult to find an employer who can sponsor you to stay.
Reviewed on 30 Jul 2025Read more
View All 26 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 Contact Information
Master of Economics
at University of Melbourne
Address
The University of Melbourne
Grattan Street, Parkville
Victoria 3010
Australia
Melbourne ( Victoria)
Phone
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