Master of Economics and Resource Policy specialising in Economic Analysis

2 Years On Campus Masters Program

University of Adelaide

Program Overview

The Master of Economics and Resource Policy specializing in Economic Analysis at the University of Adelaide is designed for those who are passionate about understanding the complexities of economic systems and resource management. This program is ideal for students looking to deepen their analytical skills and apply economic theory to real-world challenges, preparing them for impactful careers in various sectors.

Curriculum Structure:

Year 1: Students build core knowledge in economic principles, global food and agricultural markets, international trade and development, and cost-benefit analysis. They then develop specialist skills in econometric analysis, microeconomic theory and macroeconomic theory, learning to analyse economic data and real-world economic problems.

Year 2: Students advance their skills through statistical software, time-series econometrics, policy evaluation and behavioural economics, while choosing electives in areas such as Global Food and Agribusiness, International Trade, or Public Economics and Policy. Students also complete a comprehensive research project and may undertake an internship or career-development course.

Focus Areas: Economic analysis, resource management, policy evaluation, sustainability.

Learning Outcomes: Advanced analytical skills, policy formulation, quantitative research proficiency, critical thinking.

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 specializing in Economic Analysis offers students a unique opportunity to gain practical skills that are essential for a successful career in economics. The program emphasizes experiential learning, allowing you to apply theoretical knowledge in real-world contexts. You'll have access to state-of-the-art facilities and tools that enhance your learning experience, ensuring you are well-prepared for the challenges of the economic landscape.

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

- Access to Advanced Software: You'll work with industry-standard software such as STATA and R, which are essential for data analysis and economic modeling.
- Group Projects: Collaborate with your peers on group projects that simulate real-world economic challenges, fostering teamwork and problem-solving skills.
- Internship Opportunities: The program encourages internships with local and international organizations, providing hands-on experience and networking opportunities in the field of economics.
- Field Trips: Engage in field trips to various economic institutions and organizations, allowing you to see economic theories in action and understand their practical implications.
- Research Laboratories: Utilize dedicated research facilities equipped with the latest technology to conduct your own economic research and analysis.
- Access to Libraries and Resources: Benefit from the extensive resources available at the University of Adelaide’s libraries, including access to economic journals, databases, and research papers.
- Collaboration with Research Institutes: Work alongside leading researchers at the university’s institutes, gaining insights into cutting-edge economic research and policy development.

Progression & Future Opportunities

Graduating with a Master of Economics and Resource Policy specializing in Economic Analysis from the University of Adelaide opens up a world of opportunities. You’ll be well-prepared for roles such as Economic Analyst, Policy Advisor, Environmental Economist, and Research Consultant. These positions are in high demand, allowing you to make a significant impact in both public and private sectors:

- University Services: The University of Adelaide offers dedicated career services, including personalized career counseling, resume workshops, and networking events that connect you with industry professionals.
- Employment Stats and Salary Figures: Graduates from this program have a strong employment rate, with many securing positions within six months of graduation. The average starting salary for economics graduates in Australia is around AUD 70,000, with potential for growth as you gain experience.
- University–Industry Partnerships: The university has established partnerships with leading organizations such as the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) and various government agencies, providing students with valuable internship and job placement opportunities.
- Long-term Accreditation Value: The program is accredited by the Economic Society of Australia, ensuring that your qualification is recognized and respected in the industry.
- Graduation Outcomes: Alumni of this program have gone on to work in influential roles, shaping economic policy and contributing to sustainable resource management both locally and globally.

Further Academic Progression: After completing your Master’s, you may choose to pursue a PhD in Economics or a related field, which can lead to advanced research opportunities and academic positions. Additionally, you could explore professional development courses or certifications that enhance your expertise in specific areas of economics or resource management. This pathway not only deepens your knowledge but also expands your career prospects in academia, research institutions, or high-level consultancy roles.