Master of Applied Economics

2 Years On Campus Masters Program

Australian National University

Program Overview

The Master of Applied Economics at the Australian National University (ANU) is designed for individuals who are passionate about understanding economic principles and applying them to real-world challenges. This program is ideal for those looking to enhance their analytical skills and gain a deeper insight into economic policy, making it perfect for aspiring economists, policy advisors, and business analysts.

Curriculum Structure:

Year 1: Students build a strong foundation in microeconomics, macroeconomics, mathematical techniques, statistics, advanced microeconomic and macroeconomic analysis, optimisation, and econometric methods.

Year 2: Students develop applied economics skills through case studies and economic forecasting, while choosing electives such as applied microeconometrics, international economics, public sector economics, financial economics, health economics, environmental economics, economic growth, behavioural economics, and advanced econometrics.

Focus Areas: Economic Policy, Data Analysis, International Economics, Development Economics

Learning Outcomes: Critical thinking, Advanced econometric skills, Policy analysis, Effective communication of economic concepts

Professional Alignment (Accreditation): The program is accredited by the Australian Economic Society, ensuring that it meets high educational standards and industry relevance.

Reputation (Employability Rankings): ANU consistently ranks among the top universities globally, with strong employability rankings in the QS World University Rankings and the Guardian University Guide, reflecting the high demand for its graduates in the job market.

Experiential Learning (Research, Projects, Internships etc.)

At the Australian National University (ANU), the Master of Applied Economics program is designed to provide students with a robust blend of theoretical knowledge and practical skills that are essential for success in the field of economics. Students engage in hands-on learning experiences that prepare them for real-world challenges. The program emphasizes experiential learning through various facilities, tools, and opportunities that enhance your educational journey.

Here are some key aspects of experiential learning in the Master of Applied Economics program at ANU:

- Access to Advanced Software: Students utilize industry-standard software such as Stata, R, and Python for data analysis and econometric modeling, equipping them with the technical skills needed in the workforce.

- Group Projects: Collaborative projects are a core component of the curriculum, allowing students to work in teams to solve complex economic problems, fostering teamwork and communication skills.

- Internship Opportunities: The program encourages students to undertake internships with government agencies, non-profits, and private sector organizations, providing invaluable work experience and networking opportunities.

- Field Trips: Students have the chance to participate in field trips that connect classroom learning with real-world applications, such as visits to economic institutions and organizations.

- Research Laboratories: ANU offers dedicated research facilities where students can engage in empirical research, supported by faculty who are leaders in their fields.

- Libraries and Resources: The ANU library system provides access to extensive economic databases, journals, and research materials, ensuring students have the resources they need for their studies.

- Research Institutes: Students can collaborate with various research institutes at ANU, such as the Crawford School of Public Policy, which focuses on applied economics and policy analysis.

- Workshops and Seminars: Regular workshops and guest lectures from industry experts provide insights into current economic issues and trends, enhancing the learning experience.

Progression & Future Opportunities

The Master of Applied Economics at the Australian National University (ANU) equips graduates with the analytical skills and economic knowledge necessary to excel in various sectors. Graduates often find themselves in roles such as Economic Analyst, Policy Advisor, and Market Researcher, where they can make significant contributions to decision-making processes. The program not only prepares you for immediate employment but also opens doors to advanced career opportunities:

- University Services: ANU offers dedicated career services, including personalized career counseling, resume workshops, and networking events with industry professionals, ensuring you are well-prepared for the job market.
- Employment Stats and Salary Figures: ANU boasts a high employment rate for graduates, with many securing positions shortly after graduation. The average starting salary for Master of Applied Economics graduates is competitive, often exceeding AUD 80,000 per year.
- University–Industry Partnerships: ANU has established strong partnerships with leading organizations and government agencies, providing students with valuable internship opportunities and real-world experience that enhances employability.
- Long-term Accreditation Value: The program is recognized by industry leaders and accredited by relevant professional bodies, ensuring that your qualification remains respected and valued in the job market.
- Graduation Outcomes: Graduates of the program have gone on to work in prestigious organizations, both in Australia and internationally, demonstrating the global recognition of the degree.

Further Academic Progression: After completing the Master of Applied Economics, you may choose to pursue a PhD in Economics or a related field, allowing you to delve deeper into research and contribute to academic knowledge. This path can lead to opportunities in academia, advanced research positions, or high-level consultancy roles. Additionally, you could explore specialized certifications or professional development courses to further enhance your expertise and career prospects.