Master of Applied Economics

At Macquarie University, 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 today’s dynamic economic landscape. The program emphasizes experiential learning, allowing students to engage in real-world projects, collaborate with industry professionals, and utilize state-of-the-art facilities and tools. This hands-on approach not only enhances your understanding of economic principles but also equips you with the skills needed to tackle complex economic challenges.

Here are some key features of the experiential learning opportunities available in the Master of Applied Economics program:

- Industry Projects: Engage in group projects that involve real clients, allowing you to apply your economic analysis skills to solve actual business problems.
- Internships: Gain valuable work experience through internship opportunities with leading organizations, providing you with insights into the practical applications of economics.
- Access to Software: Utilize advanced software tools such as STATA, R, and Python for data analysis, enabling you to conduct sophisticated economic research and modeling.
- Research Laboratories: Work in dedicated research labs equipped with the latest technology, fostering an environment for innovative economic research.
- Field Trips: Participate in field trips to economic institutions and organizations, giving you firsthand exposure to the workings of the economy and policy-making processes.
- Libraries and Resources: Benefit from access to extensive library resources, including economic databases and journals, which are crucial for your research and studies.
- Collaboration with Institutes: Collaborate with Macquarie University's research institutes, such as the Centre for Applied Economic Research, to deepen your understanding of applied economics.

Graduating with a Master of Applied Economics from Macquarie University opens up a world of opportunities in various sectors. Graduates are well-prepared for roles such as Economic Analyst, Policy Advisor, and Market Researcher, among others. The skills and knowledge gained from this program equip students to tackle complex economic issues and contribute meaningfully to their organizations:

- University Services: Macquarie offers dedicated career support through the Career and Employment Service, which provides personalized career advice, resume workshops, and interview preparation. Additionally, the Business School’s Industry Placement Program connects students with real-world projects and internships.

- Employment Stats and Salary Figures: According to recent data, 90% of Macquarie graduates find employment within four months of graduation, with starting salaries averaging around AUD 80,000 per year, depending on the role and industry.

- University–Industry Partnerships: Macquarie University has strong ties with leading organizations such as the Reserve Bank of Australia and various consulting firms, providing students with networking opportunities and insights into industry practices.

- Long-term Accreditation Value: The Master of Applied Economics is accredited by the Economic Society of Australia, ensuring that the program meets high educational standards and enhances your professional credibility.

- Graduation Outcomes: Graduates of this program are not only equipped with theoretical knowledge but also practical skills, making them highly sought after in the job market.

Further Academic Progression: After completing the Master of Applied Economics, you may choose to pursue a PhD in Economics or related fields, which can lead to academic positions or advanced research roles. Alternatively, you could consider specialized certifications or professional development courses to further enhance your expertise and career prospects.