Master of Applied Economics

This degree is ideal for students and professionals who want to build or strengthen their foundation in economics — including those from other disciplines such as engineering or arts. It's also suited to those already working in government, finance or industry who want to enhance their analytical and decision-making skills.

The Master of Applied Economics provides a strong practical foundation, making it ideal for those looking to transition into the field or broaden their expertise. Entry typically requires a general bachelor's degree, with the option for Recognition of Prior Learning (RPL) based on relevant experience or related study. By contrast, the Master of Economics is designed for professionals seeking to deepen their expertise, specialise further or progress into senior and leadership roles. This accelerated, one-year program is suited to those with a bachelor's degree in economics or a related discipline and a solid grounding in economic principles.

The Master of Applied Economics is a two-year program comprising 14 courses (48 units of credit), including both core courses, electives and an economics practicum. You'll complete five core courses (Microeconomics, Macroeconomics, Econometrics, Business Economics, and Quantitative Methods for Business), an economics practicum, and nine elective courses chosen from a range of prescribed electives covering financial economics, public policy, behavioural and organisation economics, international economics and trade, macroeconomics, and quantitative methods.

Yes. For students with a Bachelor of Economics or Bachelor of Business degree with economics specialisation or equivalent, Honours or Graduate Diploma, the five core courses may be waived. Students with prior work experience of at least one year in the private or public sector may have the prescribed economics practicum waived. Additionally, students who completed the Graduate Certificate in Economics (7412) with a minimum WAM of 65% can receive 24 UOC of Advanced Standing. Up to 30 UOC may be awarded based on previous business studies, and applicants with at least one year of prior work experience may be awarded an additional 12 UOC.

Economists experience steady demand across both public and private sectors, with job opportunities expected to grow over the coming decade. Industries such as Professional, Scientific and Technical Services, as well as Education and Training, are key employers of economics professionals. The combination of analytical and quantitative expertise makes economists highly sought after for roles in government policy, finance, consulting, research, corporate strategy, and international organisations, providing graduates with strong long-term career prospects and pathways for advancement.