Macquarie University is an Australian public teaching and research university located in Sydney, with its main campus situated in Macquarie Park. Founded in 1964 by the New South Wales Government, it was the third university to be established in the metropolitan area of Sydney. Macquarie's 126-hectare (310-acre), park-like campus belies its setting within the high-technology corridor of Sydney's Northern suburbs. The university comprises four faculties, enrolling approximately 37,000 students and having 2,468 (full-time equivalent) academic and professional staff, making it the fourth largest University in Sydney. At present, the university offers 87 undergraduate courses and 124 different postgraduate courses to students. The university is governed by a 17-member Council. Macquarie University also has the largest student exchange program in Australia. The Academic Ranking of World Universities listed Macquarie as seventh among Australian Universities in its 2009 rankings. The university is also ranked among the national top five recipients of relative research income.