Master of Economics and Resource Policy

2 Years On Campus Masters Program

University of Adelaide

Program Overview

The Master of Economics and Resource Policy at the University of Adelaide is designed for those who are passionate about understanding the complex interplay between economics and environmental sustainability. This program is ideal for students looking to develop analytical skills and policy-making expertise to address pressing global challenges related to resource management and economic development.

Curriculum Structure:

Year 1: Students build a strong foundation in economics and resource policy through economic theory, econometrics, quantitative methods, resource economics, international economics and policy analysis, developing skills to evaluate economic and resource-related issues.

Year 2: Students deepen their expertise through advanced economics and resource-policy subjects, with specialisation options in Economic Analysis, Global Food and Agribusiness, International Trade, or Public Economics and Policy. Students apply their knowledge to real-world economic and policy problems through advanced coursework and practical or research-based learning.

Focus Areas: Environmental Economics, Resource Management, Policy Analysis

Learning Outcomes: Critical thinking, Analytical skills, Policy formulation, Economic modeling

Professional Alignment (Accreditation): The program is aligned with industry standards and recognized by relevant professional bodies, ensuring that graduates are well-prepared for the workforce.

Reputation (Employability Rankings): The University of Adelaide consistently ranks highly in employability, with QS World University Rankings placing it among the top universities globally for graduate employability.

Experiential Learning (Research, Projects, Internships etc.)

At the University of Adelaide, the Master of Economics and Resource Policy program is designed to provide students with a robust blend of theoretical knowledge and practical skills. This program emphasizes experiential learning, allowing you to engage with real-world economic challenges and resource management issues. You'll have access to state-of-the-art facilities and tools that enhance your learning experience, ensuring you are well-prepared for your future career.

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

- Group Projects: Collaborate with fellow students on projects that simulate real-world economic scenarios, fostering teamwork and problem-solving skills.
- Internships: Gain hands-on experience through internships with industry partners, allowing you to apply your knowledge in practical settings and build valuable professional networks.
- Digital Tools: Utilize advanced software such as STATA and R for data analysis, equipping you with essential skills for economic research and policy evaluation.
- Field Trips: Participate in field trips to local organizations and government agencies, providing insights into the application of economic principles in various contexts.
- Research Laboratories: Access dedicated research facilities where you can engage in projects that contribute to the field of economics and resource policy.
- Libraries and Resources: Benefit from extensive library resources, including access to economic databases and journals that support your research and studies.
- Institute Collaborations: Work alongside the University’s research institutes, such as the Institute for International Trade, to gain exposure to cutting-edge research and policy development.

Progression & Future Opportunities

The Master of Economics and Resource Policy at the University of Adelaide equips graduates with the analytical skills and knowledge necessary to tackle complex economic issues, particularly in resource management. Graduates often find themselves in rewarding roles such as Economic Analyst, Policy Advisor, Environmental Consultant, or Resource Manager. 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 opportunities:

- University Services: The University of Adelaide offers dedicated career services, including personalized career counseling, resume workshops, and networking events with industry professionals. The Career Services team also hosts job fairs and connects students with internships that can lead to full-time positions.

- Employment Stats and Salary Figures: Graduates from the Master of Economics and Resource Policy have a strong 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: The University has established partnerships with leading organizations such as the South Australian Government, various NGOs, and private sector firms, providing students with real-world projects and internship opportunities that enhance their learning experience.

- Long-term Accreditation Value: This program is accredited by the relevant professional bodies, ensuring that your qualification is recognized and valued in the job market, both nationally and internationally.

- Graduation Outcomes: Alumni of the program have gone on to hold influential positions in government agencies, international organizations, and private companies, contributing to policy development and resource management on a global scale.

Further Academic Progression: After completing the Master of Economics and Resource Policy, 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 careers 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.