Master of Economics

2 Years On Campus Masters Program

Australian National University

Program Overview

The Master of Economics at the Australian National University (ANU) is designed for those who are passionate about understanding economic principles and their application in real-world scenarios. This program is ideal for students looking to deepen their analytical skills and gain a comprehensive understanding of economic theory, policy, and practice.

Curriculum Structure:

Year 1: Students build advanced foundations in microeconomics, macroeconomics, statistics, mathematical economics, econometrics and optimisation through core courses.

Year 2: Students progress to advanced economic theory and specialised coursework, developing strong analytical and research skills for economic analysis and further study.

Focus Areas: Economic Theory, Policy Analysis, Quantitative Methods, International Economics, Development Economics

Learning Outcomes: Advanced analytical skills, proficiency in econometric techniques, understanding of economic policy implications, ability to conduct independent research

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

Reputation (Employability Rankings): ANU consistently ranks among the top universities globally, with strong employability rankings in economics and social sciences, as noted by QS World University Rankings and The Guardian.

Experiential Learning (Research, Projects, Internships etc.)

At the Australian National University (ANU), the Master of Economics program is designed to provide students with a rich blend of theoretical knowledge and practical skills that are essential for success in the dynamic field of economics. Students engage in hands-on learning experiences that prepare them for real-world challenges. With access to state-of-the-art facilities and resources, you’ll have the opportunity to apply your learning in meaningful ways.

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

- Research Opportunities: Engage in research projects that allow you to work alongside leading economists and faculty members, enhancing your analytical and critical thinking skills.
- Internships: Benefit from internship programs that connect you with industry partners, providing valuable work experience and networking opportunities.
- Group Projects: Collaborate with peers on group projects that simulate real-world economic problems, fostering teamwork and communication skills.
- Software and Digital Tools: Gain proficiency in industry-standard software such as STATA, R, and Excel, which are essential for data analysis and economic modeling.
- Field Trips: Participate in field trips to economic institutions and organizations, giving you firsthand insight into the practical applications of your studies.
- Access to Libraries and Research Institutes: Utilize the extensive resources at the ANU library and specialized research institutes, which support your academic and professional development.
- Dedicated Learning Spaces: Take advantage of modern classrooms and collaborative spaces designed to enhance your learning experience.

Progression & Future Opportunities

Graduating with a Master of Economics from the Australian National University (ANU) opens up a world of opportunities. Alumni from this program often find themselves in high-demand roles such as Economic Analyst, Policy Advisor, and Financial Consultant. The skills and knowledge gained through this degree equip graduates to tackle complex economic issues and contribute meaningfully to various sectors.

Here’s what you can expect in terms of progression and future opportunities:

- University Services: ANU offers dedicated career services, including personalized career counseling, resume workshops, and networking events with industry leaders. The ANU Careers and Employability team also hosts job fairs and employer presentations to connect students with potential employers.

- Employment Stats and Salary Figures: Graduates from the master's program have a strong employment rate, with around 90% securing jobs within six months of graduation. The average starting salary for economics graduates is approximately AUD 80,000, with potential for growth as experience is gained.

- University–Industry Partnerships: ANU has established partnerships with leading organizations such as the Reserve Bank of Australia and various government departments, providing students with opportunities for internships and real-world projects that enhance their learning experience.

- Long-term Accreditation Value: The Master of Economics program is accredited by the Australian Economic Society, ensuring that the curriculum meets high standards and is recognized by employers in the field.

- Graduation Outcomes: Graduates are well-prepared for roles in both the public and private sectors, with many going on to influence policy decisions, drive economic strategies, and contribute to research initiatives.

Further Academic Progression: After completing the Master of Economics program, you may choose to further your studies by pursuing a PhD in Economics or related fields. This path can lead to academic positions, advanced research roles, or specialized consultancy opportunities. Additionally, you could explore graduate certificates or diplomas in related disciplines to broaden your expertise and enhance your career prospects.