Master of Economics

2 Years On Campus Masters Program

University of New England Armidale

Program Overview

The Master of Economics at the University of New England (UNE) Armidale 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 insights into economic policy, making it a perfect fit for aspiring economists, policy analysts, and business leaders.

Curriculum Structure:

Year 1: Students develop advanced knowledge in economics and quantitative analysis through areas such as microeconomics, macroeconomics, econometrics, economic policy, economic development, agricultural and resource economics, and economic evaluation.

Year 2: Students deepen their expertise through specialised economics units and independent research, with options to focus on areas such as Agricultural and Resource Economics, Economic Development, Economic Evaluation, Environmental Analysis and Policy, or Agribusiness. Students achieving the required results may undertake a dissertation to prepare for higher-degree research.

Focus Areas: Economic theory, policy analysis, quantitative methods, international economics, public economics, development economics, environmental economics.

Learning Outcomes: Advanced analytical skills, proficiency in econometric techniques, understanding of global economic dynamics, ability to evaluate economic policies, and practical application of economic theory.

Professional Alignment (Accreditation): The Master of Economics program is aligned with industry standards and prepares graduates for professional roles in economics, policy analysis, and business.

Reputation (Employability Rankings): UNE is recognized for its strong employability outcomes, consistently ranking well in national surveys for graduate employment rates, ensuring that students are well-prepared for the job market.

Experiential Learning (Research, Projects, Internships etc.)

At the University of New England (UNE) in Armidale, the Master of Economics program is designed to provide students with not just theoretical knowledge, but also practical skills that are essential in today’s dynamic economic landscape. Students engage in hands-on learning experiences that prepare them for real-world challenges. The program leverages state-of-the-art facilities and tools, ensuring that you have access to the resources needed to excel in your studies and future career.

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

- Access to Advanced Software: Students utilize industry-standard software such as STATA and EViews for data analysis, which are crucial for conducting economic research and analysis.

- Group Projects: Collaborative projects are a core component of the curriculum, allowing you to work with peers to solve complex economic problems, enhancing teamwork and communication skills.

- Internship Opportunities: The program encourages internships with local businesses and government agencies, providing valuable work experience and networking opportunities in the field of economics.

- Field Trips: Students participate in field trips to economic institutions and organizations, offering insights into real-world applications of economic theories and practices.

- Research Laboratories: UNE provides dedicated research facilities where students can engage in economic research, supported by faculty expertise.

- Library Resources: The UNE library offers extensive resources, including access to economic journals, databases, and research materials that are essential for your studies.

- Institute Collaborations: The program collaborates with various institutes and organizations, providing students with exposure to current economic issues and trends.

Progression & Future Opportunities

Graduating with a Master of Economics from the University of New England (UNE) opens up a world of opportunities. You’ll be well-prepared for roles such as Economic Analyst, Policy Advisor, and Market Researcher, among others. The skills and knowledge you gain will not only enhance your employability but also position you for a successful career in various sectors.

Here’s how UNE supports your journey towards a rewarding career:

- Career Development Services: UNE offers tailored career advice, resume workshops, and interview preparation to help you stand out in the job market.
- Employment Statistics: Graduates from the Master of Economics program have a high employment rate, with many securing positions within six months of graduation. The average starting salary for economics graduates is competitive, often exceeding $70,000 annually.
- University–Industry Partnerships: UNE collaborates with various organizations, including government agencies and private firms, providing students with networking opportunities and real-world experience through internships and projects.
- Long-term Accreditation Value: The Master of Economics is recognized by industry bodies, ensuring that your qualification remains relevant and respected in the job market.
- Graduation Outcomes: UNE graduates are known for their analytical skills and economic insight, making them highly sought after by employers in both the public and private sectors.

Further Academic Progression: After completing your Master of Economics, you may choose to pursue a PhD in Economics or related fields, allowing you to delve deeper into research and academia. This path can lead to opportunities in teaching at the university level or conducting high-level research in think tanks and policy institutions. Additionally, you could explore specialized certifications or professional development courses to further enhance your expertise and career prospects.