Master of International and Development Economics

2 Years On Campus Masters Program

Australian National University

Program Overview

The Master of International and Development Economics at the Australian National University (ANU) is designed for those passionate about understanding global economic issues and making a positive impact on development. This program is ideal for students who aspire to work in international organizations, government agencies, or non-profits, equipping them with the analytical skills and theoretical knowledge necessary to address complex economic challenges.

Curriculum Structure:

Year 1: Students develop foundations in macroeconomics, microeconomics, mathematical methods and econometrics, covering areas such as macroeconomic analysis and policy, mathematical methods in applied economics and econometric techniques.

Year 2: Students advance into international and development economics through subjects such as Open Economy Macroeconomics, Finance and Development, Issues in Development Policy and quantitative research courses, with electives in international trade, monetary policy, economic development, and environmental and resource economics.

Focus Areas: International Trade, Development Policy, Economic Analysis

Learning Outcomes: Critical thinking, data analysis, policy evaluation, and economic modeling

Professional Alignment (Accreditation): The program is recognized by relevant professional bodies, ensuring that the curriculum meets industry standards.

Reputation (Employability Rankings): ANU consistently ranks among the top universities globally, with high employability rankings in QS and The Guardian, reflecting the strong career prospects for graduates of this program.

Experiential Learning (Research, Projects, Internships etc.)

At the Australian National University (ANU), the Master of International and Development Economics program is designed to provide students with a rich blend of theoretical knowledge and practical skills. This program emphasizes experiential learning, ensuring that you not only understand economic concepts but also apply them in real-world contexts. Students have access to state-of-the-art facilities and resources that enhance their learning experience, including advanced software, collaborative projects, and opportunities for internships.

Here are some key aspects of the experiential learning opportunities available in this program:

- Data Analysis Software: Gain proficiency in industry-standard software such as Stata, R, and Python, which are essential for data analysis and economic modeling.
- Group Projects: Collaborate with peers on real-world case studies and projects that simulate the challenges faced by economists in international and development contexts.
- Internships: Take advantage of internship opportunities with government agencies, NGOs, and international organizations, allowing you to apply your skills in a professional setting.
- Field Trips: Participate in field trips that provide firsthand experience of economic development initiatives and policies in action, enhancing your understanding of the subject matter.
- Research Laboratories: Access dedicated research facilities where you can engage in projects that contribute to ongoing economic research and policy analysis.
- Libraries and Resources: Utilize ANU’s extensive library system, which includes a vast collection of economic literature, journals, and databases to support your studies.
- Research Institutes: Collaborate with renowned research institutes at ANU, such as the Crawford School of Public Policy, which focuses on international and development economics.

Progression & Future Opportunities

The Master of International and Development Economics at the Australian National University (ANU) equips graduates with the analytical skills and economic knowledge necessary to tackle global challenges. Graduates often find themselves in rewarding roles such as Economic Analyst, Policy Advisor, Development Consultant, and Research Officer. This program not only prepares you for immediate employment but also opens doors to a variety of career paths in both the public and private 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 professionals. The ANU Careers and Employability team also hosts employer presentations and job fairs specifically tailored for economics students.

- Employment Stats and Salary Figures: Graduates from the Master of International and Development Economics have a high employment rate, with over 90% securing jobs within six months of graduation. The average starting salary for graduates in this field is around AUD 80,000, with potential for growth as you gain experience.

- University–Industry Partnerships: ANU has strong connections with various organizations, including the World Bank, United Nations, and Australian government agencies. These partnerships provide students with opportunities for internships, collaborative research projects, and real-world experience.

- Long-term Accreditation Value: The program is accredited by relevant professional bodies, ensuring that the skills and knowledge you gain are recognized and valued in the job market. This accreditation enhances your employability and career progression.

- Graduation Outcomes: Alumni of the program have gone on to work in influential roles within international organizations, government departments, and non-profits, making significant contributions to economic policy and development initiatives worldwide.

Further Academic Progression: After completing the Master of International and Development Economics, you may choose to pursue a PhD in Economics or a related field. This advanced study can lead to academic positions, research roles, or high-level consultancy work, allowing you to further specialize in areas of interest and contribute to the field of economics at a deeper level.

Additional Information & Requirements

A Bachelor degree or international equivalent with GPA 5/7
A Bachelor degree or international equivalent with GPA 4/7 and a minimum of 3 years full-time equivalent work experience at ANZSCO Skill Level 1 in a field related to the program
A Bachelor degree or international equivalent with GPA 4/7 and a Graduate Certificate or international equivalent with a GPA of 4/7
A Graduate Diploma or international equivalent with a GPA 4/7
48 units of courses in a postgraduate program with a GPA of 4/7
Graduate Certificate or international equivalent with a GPA of 4/7 and a minimum of 3 years full-time equivalent work experience at ANZSCO Skill Level 1 in a field related to the program
Applicants must have completed the GRE General Test within the past 5 years, achieving at least 150 in Verbal Reasoning, 160 in Quantitative Reasoning, and 3.5 in Analytical Writing, along with 3 years of full-time equivalent relevant work experience at ANZSCO Skill Level 1.
TOEFL iBT: A minimum requirement is an overall score of 81, with minimum scores of 16 in Reading, 19 in Writing, 16 in Listening, and 19 in Speaking.
A minimum of 10 years full-time equivalent work experience at ANZSCO Skill Level 1 in a field related to the program
Cognate Disciplines : Applied Economics, Econometrics, Economic Policy, Economics, Engineering, Mathematics, Statistics.
CSP is scholarship for domestic students which pays most of the fees and student has to pay the small remaining amount (17,399 (2026)). Non CSP fees is not present on site.
IELTS: A minimum requirement is an overall score of 6.5, with no band less than 6.0 in Reading, Writing, Listening, and Speaking.
The Australian National University (ANU), Acton Campus, Canberra, Australian Capital Territory 2601, Australia.