This paper describes the objectives, design and preliminary evaluation of a project-based, on-line postgraduate economics program which forms part of the Masters of Business Administration (MBA) degree offered at Edith Cowan University. The program has been structured so as to create, as far as possible, an authentic learning environment in which students develop an understanding of economics through the application of economic concepts to 'real world' business. Curriculum and assessment design reflects the authors' attention to a number of pedagogical dimensions which introduce elements of a constructivist learning environment. The authors believe these changes have resulted in greater students engagement in the application of economic techniques and a deep conceptualisation of the role of economics in business.

Keywords: on-line learning, constructivist learning, economics, authentic learning, business education.