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Master of Economics (MEcon)

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Overview

The Master of Economics (MEcon) will equip students to be either professional practitioners or academic researchers in the field of Economics. It can also provide a pathway to doctoral-level study in Economics. The degree consists of both coursework and a research dissertation.

The normal admission requirement is a Bachelor’s degree majoring in Economics and an average grade of at least B+ for the relevant 300-level papers. Candidates should have also completed 300-level papers in mathematical economics and econometrics. Admission on the basis of alternative qualifications and experience is possible.

The Master of Economics can be completed in one year of full-time, or its equivalent in part-time, study. You may begin the MEcon degree in semester one or semester two.

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Contact details

Email The Department of Economics

Subject area

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Regulations for the Degree of Master of Economics (MEcon)

  1. Admission to the Programme

    1. Admission to the programme shall be subject to the approval of the Pro-Vice Chancellor (Commerce).
    2. Every applicant must either
      1. be a graduate with Economics as a major subject including 300-level papers in both econometrics and mathematical economics, and
      2. normally have achieved an average grade of B+ in the papers satisfying the final year requirements for that major subject; or
      3. have equivalent alternative qualifications or experience acceptable to the Pro-Vice-Chancellor (Commerce).
    3. No applicant will be admitted who has previously been awarded an honours degree or postgraduate diploma in Economics.

  2. Structure of the Programme

    1. The programme of study shall consist of six papers worth a total of 120 points selected from ECON 402-413, including ECON 410 and ECON 411 plus at least one of ECON 412 and ECON 413:
      ECON 402 Growth, Institutions and Development 20 points
      ECON 403 Monetary Economics 20 points
      ECON 404 International Economics 20 points
      ECON 405 The Economics of Natural Resources and Public Choice 20 points
      ECON 406 Labour and Population Economics 20 points
      ECON 407 Special Topic in Advanced Economics 20 points
      ECON 410 Advanced Microeconomic Theory 20 points
      ECON 411 Advanced Macroeconomic Theory 20 points
      ECON 412 Macroeconometrics 20 points
      ECON 413 Microeconometrics 20 points

      together with:
      ECON 580 Research Dissertation 60 points

    2. A candidate may be exempted from some of the required papers on the basis of previous study, subject to the approval of the Pro-Vice-Chancellor (Commerce). Alternative papers will be required at an equivalent level of study.
    3. A candidate shall, before commencing the investigation to be described in the dissertation, secure the approval of the Head of the Department of Economics for the topic, the supervisor(s) and the proposed course of the investigation.
    4. A candidate may not present a project which has previously been accepted for another degree.
    5. A candidate must pass both the papers and the dissertation components.

  3. Duration of the Programme

    A full-time candidate will normally complete the requirements for the programme in 12 months of study. A part-time candidate will normally complete the requirements for the programme in 24 months of study.

  4. Withdrawal from the Programme

    1. A candidate whose paper results are not satisfactory shall be required to withdraw from the programme.
    2. Where a candidate withdraws from the programme, whether voluntarily or otherwise, after completing the prescribed papers, the Pro-Vice-Chancellor (Commerce) may recommend the award of the Postgraduate Diploma in Commerce or determine which papers shall be credited towards the diploma.

  5. Examination of the Dissertation

    1. The dissertation shall normally be assessed by two examiners internal to the University of Otago, neither of whom is the candidate’s supervisor.
    2. Each examiner shall supply a written report and recommend a mark or grade on the basis of the dissertation as submitted, and an overall result selected from the options as specified in clause (c) below.
    3. The examiners may recommend that a dissertation:
      1. be accepted without amendments;
      2. be accepted subject to amendments being made at the discretion, and to the satisfaction, of the Head of the Department of Economics;
      3. does not meet the criteria for the award of the degree, but may be revised and resubmitted for examination;
      4. does not meet the criteria for the award of the degree, and should be rejected without right of resubmission.
    4. Where there is disagreement regarding the result, the Head of the Department of Economics should so report to the Pro-Vice- Chancellor (Commerce) or nominee who shall arrive at a decision after consulting a referee who should normally be external to the Department of Economics.
    5. Amendments (regulation 5(c)(ii)) and revisions (regulation 5(c)(iii)) shall be completed by a specified date to be determined by the Head of the Department of Economics.
    6. A candidate shall be permitted to revise and resubmit a dissertation for examination once only.
    7. If a revised and resubmitted dissertation is finally accepted, the result shall be either ‘Pass’ or ‘Fail’ (i.e. ungraded) and without eligibility for the award of the degree with distinction or credit.
    8. If a dissertation is rejected without the right of resubmission (regulation 5(c)(iv)) or receives a ‘Fail’ (regulation 5(g)), the Pro-Vice-Chancellor (Commerce) may recommend the award of the Postgraduate Diploma in Commerce or determine which papers shall be credited towards the diploma.

  6. Level of Award of the Degree

    The degree may be awarded with distinction or with credit.

  7. Variations

    The Pro-Vice-Chancellor (Commerce) may in exceptional circumstances approve a course of study which does not comply with these regulations.

    Note: The due date for applications for first enrolment in the programme is 10 December. Late applications will be considered.

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