Business

Master of Economics of Sustainability
(Partnership with Modern Money Lab)

Delivered by
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Masters of Economics of Sustainability | Torrens University

What is a Master of Economics of Sustainability?

The Master of Economics of Sustainability advances your career with high-level skills and knowledge in ecological economics, modern monetary theory and financial systems. Develop your critical thinking, problem-solving and reasoning skills. Co-delivered with research institute Modern Money Lab.

Learn to analyse economic and ecological issues, discuss economic reform proposals, evaluate consequences of economic policy changes and apply empirical research methods in varying contexts. This unique course is designed to meet the growing global demand for high-quality graduates in the field of economics of sustainable wellbeing. Graduation from this degree will provide you with expanded work opportunities as well as long-term career advancement in a world that is transitioning towards wellbeing budgets and zero net carbon emissions. The Master of Economics of Sustainability degree also provides a pathway to doctoral studies.

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Learning outcomes

To meet the learning outcomes of the Master of Economics of Sustainability courses, you are required to demonstrate:

  • Oral and written communication skills applicable to present advanced concepts related to ecological economics and modern monetary theory, financial and monetary systems to businesses, policy makers, and broader communities.
  • Analytical and critical thinking skills in drawing economic insights based on varying schools of thoughts in economics and other disciplines.
  • Problem solving, quantitative and qualitative reasoning skills in analysing economic and ecological issues.
  • Listening, comprehension and cognitive skills in discussing economic reform proposals and evaluating consequences of economic policy changes.
  • Critical analysis skills and ability to undertake literature review and to apply empirical research methods in the varying economic policy contexts.
Study mode
Online
Campus locations
Online
Student
Domestic
International (offshore)
Course duration
1.5 years full-time, part-time options available
Start date
16 Sep 2024
17 Feb 2025
02 Jun 2025
15 Sep 2025
Fees

This is an AQF Level 9 course delivered by Torrens University Australia Ltd.

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Ultimate flexibility
With the option to study full or part time and all your course materials online, you can tailor your study to suit your lifestyle.

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Learn from specialists in their field
Our academics understand where the industry is heading and will guide you on your learning journey.

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Become an industry leader
Build the knowledge and practical skills required to manage high-performing teams.
Exploring the Economics of Sustainability.
Career Opportunities | Economics of Sustainability | Torrens University

Career opportunities

On graduating from the Master of Economics of Sustainability, you can find work in a wide variety of institutions as economists and in other roles. Potential employers include regulatory agencies, state or federal governments departments, financial institutions and non-financial corporations, and not-for-profit organisations. This qualification is designed to equip you with knowledge and skills that will become increasingly important and in-demand for your career in the years to come. Progression to doctoral studies is necessary if you wish to pursue an academic career.

Potential career paths

  • Trade Policy Advisor
    Average salary: $111,944
  • Sustainable Finance Lead
    Average salary: $117,042 - $118,798
  • Financial Analyst
    Average salary: $92,625 - $135,000
  • Sustainability Development Adviser
    Average salary: $111,734
Stephanie Kelton headshot
This programme will teach students about the economy as it actually exists in the real world. You can think of modern monetary theory as a user manual. It tells you how the monetary system works, but it doesn't come with a road map telling you where to go. This is where ecological economics becomes very important.
Stephanie Kelton
Adjunct Professor, Economics of Sustainability

Subjects and units

Delivered online, this course comprises 9 core and 3 electives, each subject requiring 10 hours of study per week; three hours facilitated and seven self-directed. Assessments may include activity-based assignments or online quizzes. There are no formal exams.

  • Year 1
  • Year 2
  • Electives

Requirements

Complete the 5 core subjects listed below. Additionally, you’re required to select 3 electives from the electives tab.

Core subjects

  • Foundations of Real-World Economics | BECOSD401 
  • Foundations of Modern Money, Institutions and Markets | BECOSD402
  • Data Analysis for Economic and Ecological Issues | BANASD501 
  • Contending Perspectives in Economic Analysis | BECOSD602
  • Ecological Economics | BECOSD603

Requirements

Complete the 4 core subjects listed below.

Core subjects

  • Real-World Microeconomics | BECOSD604 
  • Macroeconomics of the Real World | BECOSD605 
  • Methods of Empirical Investigation | BANASD606
  • Professional Economic Writing | BECOSD606 

Requirements

Electives available to students may be chosen from the elective bank below. Choose 3 electives:

Elective subjects

  • International Finance and Modern Monetary Theory | BECOSD607
  • Sustainable Development Indicators | BSUSSD601
  • Inequality, Equity and Employment | BECOSD608

Study pathways

Torrens University offers undergraduate and postgraduate students with flexible entry options and study pathways. Whether you prefer a full program or a modular approach, we can tailor your studies to your needs. Start your journey with an undergraduate diploma or bachelor degree, or grow your career with a postgraduate qualification.

Need more help?

Let us customise a study plan and pathway for you.

Postgraduate

  • Graduate Certificate of Economics of Sustainability
    2 core subjects
    Online
    0.5 years full-time, part-time options available
  • Graduate Diploma of Economics of Sustainability
    5 core subjects
    Online
    1 year full-time, part-time options available

    Complete four more subjects to expand or deepen your knowledge in a specific area.

    View course
  • Master of Economics of Sustainability
    Online
    1.5 years full-time, part-time options available

Entry details

  • Domestic
  • International offshore

Fees

Check the domestic course fee schedule for the cost of your course.

FEE-HELP

Eligible Australian students may choose to defer some, or all, of their tuition fees through FEE-HELP, a loan scheme repaid through the tax system based on income.

Learn more about fees and FEE-HELP

Admission criteria

Before you begin your application to study as a domestic student, check that you meet at least one of the requirements listed below.

Any Australian Bachelor degree (AQF Level 7) or equivalent AND At least 2 years post-degree professional work experience;

OR

Any Australian Bachelor degree (AQF Level 7) or equivalent AND At least 2 years post-degree professional work experience;

OR

Applicants without formal qualifications are eligible to apply if they have five (5) years’ work experience (of which 3 years is managerial);

OR

Successful completion of the Graduate Certificate of Economics of Sustainability.

View full course admission information

Guaranteed pathway and Recognition of Prior Learning

If you have already completed a qualification or gained skills through life or work experience, you may be able to credit this against your degree with us. Check information about Recognition of Prior Learning and Course Credit transfer. We also offer pathway opportunities to further your learning.

Learn more about study pathways

Fees

Check the international course fee schedule for the cost of your course. This course is only offered online. International students requiring a student visa to study in Australia should choose another course that offers campus-based/blended options.

Fee payment

Course fees can be paid across three study periods. Each instalment to be paid before the beginning of the academic stage census date.

Admission criteria

Before you begin your application to study as an international offshore student, check that you meet at least one of the requirements listed below.

An Australian bachelor’s degree (AQF Level 7) or equivalent in a business (or related) discipline from a recognised tertiary institution;

OR

Any Australian Bachelor degree (AQF Level 7) or equivalent AND At least 2 years post-degree professional work experience;

AND

Academic IELTS 6.5 (no band less than 6.0) or equivalent.

OR alternative entry requirements may be available. Alternative entry may include assessment and approval of prior study, or successful completion of a readiness assessment. Contact the International Admissions team for more information.

View full course admission information

OR alternative entry requirement may be available. Contact the International Admissions team for more information.

Learn more about study pathways

How to apply

Frequently asked questions

  • Can I get course credit for previous experience?
  • What are Recognition of Prior Learning (RPL) and Credit Transfer (CT)? How do I apply?
  • How do I apply for a scholarship?
  • What if I don’t meet the entry criteria for a degree?
  • Am I eligible for FEE-HELP?

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